Italy: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Italy

The Italian market for prepared glues and other prepared adhesives declined to $X in 2021, waning by -2.5% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Italy

In value terms, production of prepared glues and other prepared adhesives reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 15% against the previous year. Production of peaked at $X in 2020, and then contracted modestly in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Italy

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Italy; increasing by 10% against the previous year. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. The total export value increased at an average annual rate of +3.7% 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

France (X tons), Germany (X tons) and Poland (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Italy, together accounting for 25% of total exports. Spain, Kuwait, Slovenia, the UK, Turkey, Romania, Belgium, the Czech Republic, Greece and Libya lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Libya (with a CAGR of +18.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Italy were Germany ($X), France ($X) and Poland ($X), with a combined 27% share of total exports. These countries were followed by Spain, Turkey, Slovenia, the UK, Romania, the Czech Republic, Belgium, Greece, Kuwait and Libya, which together accounted for a further 27%.

Slovenia, with a CAGR of +13.1%, recorded 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

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Turkey ($X per ton), while the average price for exports to Kuwait ($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 Kuwait (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Italy

In 2021, supplies from abroad of prepared glues and other prepared adhesives was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of +2.0% 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 2017 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of prepared glues and other prepared adhesives rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Italy, accounting for a 40% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+6.2% per year) and Belgium (+22.7% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Italy, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Belgium, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.8% per year) and Belgium (+11.9% per year).

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 12% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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