Latin America and the Caribbean: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Latin America and the Caribbean

The Latin American market for prepared glues and other prepared adhesives declined slightly to $X in 2021, approximately mirroring the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020, and then dropped modestly in the following year.

Production of Prepared Glues And Other Prepared Adhesives in Latin America and the Caribbean

In value terms, production of prepared glues and other prepared adhesives fell modestly to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 18% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then reduced slightly in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Latin America and the Caribbean

In 2021, overseas shipments of prepared glues and other prepared adhesives decreased by -3.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 4.2% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives totaled $X in 2021. In general, exports showed a slight slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 54% of total exports in 2021. Colombia (X tons) ranks next in terms of the total exports with a 14% share, followed by Chile (8.8%), Costa Rica (6.2%), Argentina (5.4%) and Guatemala (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Colombia (with a CAGR of +7.6%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 68% share of total exports. These countries were followed by Chile, Costa Rica, Argentina and Guatemala, which together accounted for a further 20%.

Guatemala, with a CAGR of +11.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 11% against the previous year. Overall, the export price, however, saw a mild curtailment. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Latin America and the Caribbean

In 2021, after two years of decline, there was significant growth in overseas purchases of prepared glues and other prepared adhesives, when their volume increased by 13% to X tons. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons) and Brazil (X tons) represented roughly 51% of total imports in 2021. It was distantly followed by Chile (X tons), Colombia (X tons), Argentina (X tons) and Peru (X tons), together committing a 24% share of total imports. Ecuador (X tons), Guatemala (X tons), Costa Rica (X tons), Bolivia (X tons) and the Dominican Republic (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +9.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Latin America and the Caribbean, comprising 44% of total imports. The second position in the ranking was held by Brazil ($X), with an 18% share of total imports. It was followed by Chile, with a 6.1% share.

In Mexico, imports of prepared glues and other prepared adhesives expanded at an average annual rate of +3.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+1.6% per year) and Chile (+3.3% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 9.4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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