Pakistan: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Pakistan

The Pakistani market for prepared glues and other prepared adhesives skyrocketed to $X in 2021, increasing by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level in 2021 and is likely to continue growth in years to come.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Pakistan

In 2021, approx. X tons of prepared glues and other prepared adhesives were exported from Pakistan; reducing by -5.5% compared with the previous year. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 213% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, exports of prepared glues and other prepared adhesives reached $X in 2021. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 68% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Madagascar (X tons) was the main destination for exports of prepared glues and other prepared adhesives from Pakistan, accounting for a 49% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Madagascar exceeded the volume sent to the second major destination, Uzbekistan (X tons), fourfold. The third position in this ranking was held by Afghanistan (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Madagascar stood at +26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (0.0% per year) and Afghanistan (+0.9% per year).

In value terms, Madagascar ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from Pakistan, comprising 52% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Uzbekistan, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Madagascar amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+10.9% per year) and Uzbekistan (0.0% per year).

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Afghanistan ($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 the United Arab Emirates (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Pakistan

In 2021, the amount of prepared glues and other prepared adhesives imported into Pakistan skyrocketed to X tons, rising by 35% compared with 2020. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2019 when imports increased by 71%. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. In general, imports recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest prepared glues and other prepared adhesives supplier to Pakistan, with a 62% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), eightfold. Saudi Arabia (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.5% per year) and Saudi Arabia (+46.2% per year).

In value terms, China ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Pakistan, comprising 53% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 6.8% share of total imports. It was followed by the United States, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+9.0% per year) and the United States (+11.7% per year).

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, shrinking by -6.2% against the previous year. Over the period under review, the import price saw a slight setback. The growth pace was the most rapid in 2017 an increase of 52% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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