GCC: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in GCC

The GCC market for prepared glues and other prepared adhesives was estimated at $X in 2021, growing by 8.3% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Prepared Glues And Other Prepared Adhesives in GCC

In value terms, production of prepared glues and other prepared adhesives dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 36%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in GCC

In 2021, the amount of prepared glues and other prepared adhesives exported in GCC dropped remarkably to X tons, declining by -18% on 2020 figures. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -31.4% against 2018 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 68%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives expanded modestly to $X in 2021. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 20%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the largest exporter of prepared glues and other prepared adhesives, committing 61% of total exports. It was distantly followed by Saudi Arabia (X tons), making up a 34% share of total exports. Oman (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +42.2%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest prepared glues and other prepared adhesives supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising 99% of total exports.

Among the main exporting countries, Oman, with a CAGR of +44.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, rising by 27% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+1.4%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in GCC

In 2021, the amount of prepared glues and other prepared adhesives imported in GCC amounted to X tons, standing approx. at 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 8.5%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives expanded significantly to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which amounted to 44% of total imports. Saudi Arabia (X tons) ranks second in terms of the total imports with a 25% share, followed by Kuwait (10%), Oman (9.2%) and Qatar (6.5%). Bahrain (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined 84% share of total imports. Oman, Qatar and Bahrain lagged somewhat behind, together accounting for a further 16%.

Oman, with a CAGR of +6.2%, recorded the highest growth rate of 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

In 2021, the import price in GCC amounted to $X per ton, growing by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 17%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+10.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform