Ireland: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Ireland

After three years of growth, the Irish market for prepared glues and other prepared adhesives decreased by -74.4% to $X in 2021. In general, consumption saw a pronounced reduction. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Production of Prepared Glues And Other Prepared Adhesives in Ireland

In value terms, production of prepared glues and other prepared adhesives totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 75% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Ireland

In 2021, exports of prepared glues and other prepared adhesives from Ireland amounted to X tons, with an increase of 8% against 2020. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2019 with an increase of 34% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Ireland, with a 48% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to the UK exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.6% per year) and the United States (+10.0% per year).

In value terms, Germany ($X), the UK ($X) and the United States ($X) appeared to be the largest markets for prepared glues and other prepared adhesives exported from Ireland worldwide, together comprising 50% of total exports.

The United States, with a CAGR of +11.9%, recorded the highest growth rate of 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

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the UK ($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 South Korea (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Ireland

In 2021, after two years of growth, there was significant decline in purchases abroad of prepared glues and other prepared adhesives, when their volume decreased by -82.1% to X tons. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 388%. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of prepared glues and other prepared adhesives to Ireland, with a 71% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from the UK exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was taken by Belgium (X tons), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.1% per year) and Belgium (+12.5% per year).

In value terms, the largest prepared glues and other prepared adhesives suppliers to Ireland were the UK ($X), Germany ($X) and the United States ($X), with a combined 79% share of total imports. These countries were followed by Belgium, China and the Netherlands, which together accounted for a further 13%.

Among the main suppliers, China, with a CAGR of +22.8%, saw the highest rates of growth with regard to 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

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 564% against the previous year. In general, the import price, however, showed a mild curtailment. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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