MERCOSUR: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in MERCOSUR

The MERCOSUR market for prepared glues and other prepared adhesives was estimated at $X in 2021, leveling off at the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.1%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in MERCOSUR

In value terms, production of prepared glues and other prepared adhesives declined to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible descent. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in MERCOSUR

After two years of decline, overseas shipments of prepared glues and other prepared adhesives increased by 6.3% to X tons in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 6.8% 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 soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible reduction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporter of prepared glues and other prepared adhesives in MERCOSUR, with the volume of exports accounting for X tons, which was near 44% of total exports in 2021. Colombia (X tons) ranks second in terms of the total exports with a 24% share, followed by Chile (15%) and Argentina (9.5%). The following exporters - Ecuador (X tons), Peru (X tons) and Uruguay (X tons) - together made up 7% of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives supplying countries in MERCOSUR were Brazil ($X), Colombia ($X) and Uruguay ($X), together comprising 75% of total exports. Chile, Argentina, Ecuador and Peru lagged somewhat behind, together comprising a further 25%.

Ecuador, with a CAGR of +6.2%, 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 MERCOSUR stood at $X per ton in 2021, rising by 9.2% against the previous year. In general, the export price, however, continues to indicate a noticeable decrease. Over the period under review, the export prices attained the peak figure 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+4.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in MERCOSUR

In 2021, approx. X tons of prepared glues and other prepared adhesives were imported in MERCOSUR; surging by 8.3% against the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 10%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

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 +1.4% 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.

Imports by Country

Brazil represented the major importing country with an import of around X tons, which reached 40% of total imports. Chile (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (12%), Argentina (10%), Peru (10%) and Ecuador (6.9%). Uruguay (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Argentina (+9.0%), Ecuador (+7.4%), Chile (+5.5%), Colombia (+2.7%) and Peru (+1.8%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +9.0% from 2012-2021. Uruguay experienced a relatively flat trend pattern. From 2012 to 2021, the share of Argentina, Chile and Ecuador increased by +3.9, +2.5 and +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in MERCOSUR, comprising 42% of total imports. The second position in the ranking was held by Chile ($X), with a 14% share of total imports. It was followed by Colombia, with a 12% share.

In Brazil, imports of prepared glues and other prepared adhesives expanded at an average annual rate of +1.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+3.3% per year) and Colombia (+1.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, rising by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Peru ($X per ton) and Brazil ($X per ton), while Ecuador ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform