Europe: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Europe

The Europe market for prepared glues and other prepared adhesives expanded significantly to $X in 2021, increasing by 5.3% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the near future.

Production of Prepared Glues And Other Prepared Adhesives in Europe

In value terms, production of prepared glues and other prepared adhesives rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. Over the period under review, production of hit record highs in 2021 and is expected to retain growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Europe

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported in Europe; growing by 8.4% on the previous year's figure. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2014 when exports increased by 18%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) was the key exporter of prepared glues and other prepared adhesives, mixing up 34% of total exports. Italy (X tons) ranks second in terms of the total exports with a 15% share, followed by the Netherlands (8%), Belgium (7.5%), Switzerland (6.5%) and France (5.4%). The UK (X tons), Poland (X tons), Sweden (X tons), Spain (X tons), Portugal (X tons) and Hungary (X tons) took a minor share of total exports.

Exports from Germany increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Hungary (+13.6%), Poland (+8.1%), Belgium (+5.5%), Italy (+4.2%), Switzerland (+4.0%), Spain (+3.9%), the UK (+2.0%) and Portugal (+1.6%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of +13.6% from 2012-2021. Sweden and the Netherlands experienced a relatively flat trend pattern. By contrast, France (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, Belgium and Germany increased by +2, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared glues and other prepared adhesives supplier in Europe, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by the Netherlands, with an 8.3% share.

In Germany, exports of prepared glues and other prepared adhesives increased at an average annual rate of +4.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+3.7% per year) and the Netherlands (+6.1% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Europe

In 2021, the amount of prepared glues and other prepared adhesives imported in Europe expanded modestly to X tons, picking up by 3.1% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), followed by Poland (X tons), France (X tons), Belgium (X tons), Russia (X tons), Spain (X tons), the UK (X tons) and the Netherlands (X tons) were the largest importers of prepared glues and other prepared adhesives, together achieving 61% of total imports. The following importers - Italy (X tons), the Czech Republic (X tons), Austria (X tons), Luxembourg (X tons) and Romania (X tons) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +7.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 36% of total imports. The UK, the Netherlands, Russia, Spain, Italy, Belgium, the Czech Republic, Austria, Romania and Luxembourg lagged somewhat behind, together accounting for a further 42%.

The Netherlands, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, increasing by 19% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform