Northern America: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Northern America

After two years of growth, the North American market for prepared glues and other prepared adhesives decreased by -4.5% to $X in 2021. Overall, consumption showed a slight contraction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Northern America

In value terms, production of prepared glues and other prepared adhesives shrank to $X in 2021 estimated in export price. In general, production saw a mild curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Northern America

After three years of decline, overseas shipments of prepared glues and other prepared adhesives increased by 10% to X tons in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

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 +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the main exporting country with an export of about X tons, which reached 88% of total exports. It was distantly followed by Canada (X tons), achieving a 12% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of prepared glues and other prepared adhesives. At the same time, Canada (+6.1%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +6.1% from 2012-2021. While the share of Canada (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-4.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest prepared glues and other prepared adhesives supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +2.5%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 when the export price increased by 29%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices failed to regain momentum.

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 the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Northern America

In 2021, supplies from abroad of prepared glues and other prepared adhesives was finally on the rise to reach X tons after two years of decline. Overall, imports recorded a noticeable expansion. The growth pace was the most rapid in 2018 with an increase of 52%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. The total import value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) and Canada (X tons) was the key importer of prepared glues and other prepared adhesives in Northern America, achieving 100% of total import.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +6.7%).

In value terms, the largest prepared glues and other prepared adhesives importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, the United States, with a CAGR of +6.5%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 4.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 90%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.9%).

Source: IndexBox Platform

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