Germany: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Germany

The German market for prepared glues and other prepared adhesives expanded to $X in 2021, growing by 3.7% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Germany

In value terms, production of prepared glues and other prepared adhesives expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 15%. Over the period under review, production of attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Germany

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Germany; with an increase of 10% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

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 +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), France (X tons) and Luxembourg (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Germany, with a combined 29% share of total exports. The Netherlands, Russia, Italy, the UK, Austria, the United States, Spain, China, the Czech Republic and Turkey lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +11.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Germany were China ($X), Poland ($X) and France ($X), with a combined 28% share of total exports.

China, with a CAGR of +17.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, increasing by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Germany

In 2021, overseas purchases of prepared glues and other prepared adhesives were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by 8.5% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

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 +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed 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, Switzerland (X tons) constituted the largest supplier of prepared glues and other prepared adhesives to Germany, accounting for a 31% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Switzerland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Switzerland stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-1.7% per year) and Italy (+5.6% per year).

In value terms, Switzerland ($X), France ($X) and the Netherlands ($X) constituted the largest prepared glues and other prepared adhesives suppliers to Germany, together accounting for 45% of total imports. Italy, the United States, Poland, Belgium, the UK, China, Portugal, Hungary and Sweden lagged somewhat behind, together comprising a further 44%.

Among the main suppliers, Poland, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 17% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Sweden ($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 United States (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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