Scandinavia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Scandinavia

In 2021, the Scandinavia market for prepared glues and other prepared adhesives decreased by -2.2% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Scandinavia

In value terms, production of prepared glues and other prepared adhesives expanded rapidly to $X in 2021 estimated in export price. In general, production showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the production volume increased by 11%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Scandinavia

In 2021, overseas shipments of prepared glues and other prepared adhesives increased by 9.4% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The volume of export peaked 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 skyrocketed to $X in 2021. Overall, exports, however, showed a slight reduction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Sweden (X tons) was the key exporter of prepared glues and other prepared adhesives, creating 78% of total exports. It was distantly followed by Finland (X tons), committing a 20% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of prepared glues and other prepared adhesives. At the same time, Norway (+4.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +4.3% from 2012-2021. Finland experienced a relatively flat trend pattern. From 2012 to 2021, the share of Finland increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest prepared glues and other prepared adhesives supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was held by Finland ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden stood at -1.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+0.5% per year) and Norway (+5.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 8.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 14% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.1%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Scandinavia

In 2021, imports of prepared glues and other prepared adhesives in Scandinavia declined modestly to X tons, shrinking by -4.4% against 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 8.7%. As a result, imports attained the peak of X tons, and then fell modestly in the following year.

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 +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the largest importer of prepared glues and other prepared adhesives, committing 55% of total imports. Finland (X tons) ranks second in terms of the total imports with a 26% share, followed by Norway (19%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of prepared glues and other prepared adhesives. At the same time, Finland (+2.9%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +2.9% from 2012-2021. Norway experienced a relatively flat trend pattern. While the share of Finland (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-2.1 p.p.) and Sweden (-2.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, Finland, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, increasing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform