South-Eastern Asia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in South-Eastern Asia

The Southeast Asian market for prepared glues and other prepared adhesives rose significantly to $X in 2021, growing by 5.7% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Prepared Glues And Other Prepared Adhesives in South-Eastern Asia

In value terms, production of prepared glues and other prepared adhesives fell to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 17%. Over the period under review, production of reached the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in South-Eastern Asia

In 2021, the amount of prepared glues and other prepared adhesives exported in South-Eastern Asia skyrocketed to X tons, rising by 19% against 2020. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 26%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, exports of prepared glues and other prepared adhesives surged to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.2% against 2014 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia was the largest exporting country with an export of about X tons, which accounted for 50% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 16% share, followed by Thailand (14%), Indonesia (9.1%) and Singapore (8%). The Philippines (X tons) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to prepared glues and other prepared adhesives exports from Malaysia stood at +9.6%. At the same time, Vietnam (+14.0%), Indonesia (+9.1%), the Philippines (+5.3%), Thailand (+2.4%) and Singapore (+1.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +14.0% from 2012-2021. Malaysia (+7.1 p.p.) and Vietnam (+6.2 p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by -5.3% and -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared glues and other prepared adhesives supplying countries in South-Eastern Asia were Singapore ($X), Malaysia ($X) and Vietnam ($X), with a combined 83% share of total exports.

Vietnam, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, increasing by 3.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 15%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas purchases of prepared glues and other prepared adhesives, which increased by 7.5% to X tons in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.3% against 2012 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 23%. Over the period under review, imports of reached 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 skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam represented the key importer of prepared glues and other prepared adhesives in South-Eastern Asia, with the volume of imports accounting for X tons, which was approx. 38% of total imports in 2021. Indonesia (X tons) took the second position in the ranking, followed by Thailand (X tons), the Philippines (X tons), Malaysia (X tons) and Myanmar (X tons). All these countries together held approx. 54% share of total imports. Singapore (X tons) took a minor share of total imports.

Imports into Vietnam increased at an average annual rate of +9.7% from 2012 to 2021. At the same time, Myanmar (+57.2%), Thailand (+12.2%) and the Philippines (+8.4%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +57.2% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-1.0%) and Singapore (-5.0%) illustrated a downward trend over the same period. While the share of Vietnam (+9.4 p.p.), Myanmar (+8.4 p.p.) and Thailand (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-6.9 p.p.), Malaysia (-8.2 p.p.) and Indonesia (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in South-Eastern Asia, comprising 39% of total imports. The second position in the ranking was held by the Philippines ($X), with a 19% share of total imports. It was followed by Malaysia, with an 11% share.

In Vietnam, imports of prepared glues and other prepared adhesives expanded at an average annual rate of +13.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+22.9% per year) and Malaysia (+3.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, increasing by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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