Malaysia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Malaysia

The Malaysian market for prepared glues and other prepared adhesives fell to $X in 2021, with a decrease of -9.4% against the previous year. Overall, consumption recorded a slight decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in Malaysia

In value terms, production of prepared glues and other prepared adhesives reduced slightly to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Malaysia

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Malaysia; jumping by 30% against the previous year. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), China (X tons) and Thailand (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Malaysia, with a combined 46% share of total exports. These countries were followed by Vietnam, Singapore, India, Russia, Bangladesh, the United Arab Emirates, Australia, Pakistan, Japan and Turkey, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +32.0%), 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 Malaysia were China ($X), Indonesia ($X) and Singapore ($X), with a combined 47% share of total exports. Thailand, Vietnam, Japan, India, Australia, Russia, the United Arab Emirates, Bangladesh, Pakistan and Turkey lagged somewhat behind, together comprising a further 30%.

Russia, with a CAGR of +28.7%, 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

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 13% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Japan ($X per ton), while the average price for exports to Thailand ($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 Pakistan (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Malaysia

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported into Malaysia; shrinking by -5.8% on the previous year's figure. Over the period under review, imports saw a slight decrease. The growth pace was the most rapid in 2014 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 41% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Malaysia, with a 52% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. Vietnam (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-1.4% per year) and Vietnam (+36.0% per year).

In value terms, China ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Malaysia, comprising 31% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.0% per year) and Japan (-2.5% 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 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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