MENA: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in MENA

The MENA's market for prepared glues and other prepared adhesives expanded to $X in 2021, increasing by 3.7% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in MENA

In value terms, production of prepared glues and other prepared adhesives soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 48%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in MENA

In 2021, shipments abroad of prepared glues and other prepared adhesives was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey was the major exporting country with an export of around X tons, which finished at 62% of total exports. The United Arab Emirates (X tons) ranks second in terms of the total exports with an 18% share, followed by Saudi Arabia (9.9%). The following exporters - Egypt (X tons) and Tunisia (X tons) - each accounted for a 4.3% share of total exports.

Exports from Turkey increased at an average annual rate of +6.9% from 2012 to 2021. At the same time, the United Arab Emirates (+8.2%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +8.2% from 2012-2021. Tunisia experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-4.6%) and Egypt (-5.6%) illustrated a downward trend over the same period. While the share of Turkey (+16 p.p.) and the United Arab Emirates (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Egypt (-3.1 p.p.) and Saudi Arabia (-10.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest prepared glues and other prepared adhesives supplier in MENA, comprising 66% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 9.1% share.

In Turkey, exports of prepared glues and other prepared adhesives expanded at an average annual rate of +2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+8.5% per year) and Saudi Arabia (-4.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, growing by 14% against the previous year. In general, the export price, however, showed a perceptible descent. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in MENA

Imports of prepared glues and other prepared adhesives expanded significantly to X tons in 2021, picking up by 5.7% against the previous year. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 9.2% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 36% of total imports in 2021. Saudi Arabia (X tons) took a 9.5% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (6.1%), Iraq (5.7%), Iran (5%) and Morocco (4.9%). Libya (X tons), Israel (X tons), Kuwait (X tons), Oman (X tons), Egypt (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +10.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together accounting for 49% of total imports. Israel, Algeria, Iran, Iraq, Morocco, Egypt, Kuwait, Oman, Libya and Yemen lagged somewhat behind, together comprising a further 41%.

Iraq, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform