Saudi Arabia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Saudi Arabia

In 2021, after five years of growth, there was decline in the Saudi market for prepared glues and other prepared adhesives, when its value decreased by -0.9% to $X. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Saudi Arabia

In value terms, production of prepared glues and other prepared adhesives contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 36%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in overseas shipments of prepared glues and other prepared adhesives, which decreased by -38.2% to X tons in 2021. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 54%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives shrank to $X in 2021. In general, exports saw a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by 18% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Yemen (X tons), Jordan (X tons) and Bahrain (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +62.4%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for prepared glues and other prepared adhesives exports from Saudi Arabia, comprising 26% of total exports. The second position in the ranking was taken by Yemen ($X), with a 12% share of total exports. It was followed by Jordan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt stood at -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (+14.1% per year) and Jordan (-2.5% 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 50% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Bahrain ($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 Qatar (+4.4%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Saudi Arabia

In 2021, purchases abroad of prepared glues and other prepared adhesives decreased by -20.4% to X tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 18% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives fell to $X in 2021. Over the period under review, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 with an increase of 12%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Italy (X tons) and China (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Saudi Arabia, with a combined 64% share of total imports. The United States, France, India, Germany, Egypt, Portugal, Jordan, Taiwan (Chinese), Turkey and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +20.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Saudi Arabia were the United States ($X), the United Arab Emirates ($X) and Italy ($X), with a combined 59% share of total imports. China, France, Germany, Egypt, Portugal, India, Jordan, Taiwan (Chinese), Turkey and Thailand lagged somewhat behind, together accounting for a further 30%.

Portugal, with a CAGR of +21.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, growing by 10% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for India ($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) (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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