Southern Asia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Southern Asia

In 2021, after seven years of growth, there was decline in the South Asian market for prepared glues and other prepared adhesives, when its value decreased by -1.2% to $X. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Production of Prepared Glues And Other Prepared Adhesives in Southern Asia

In value terms, production of prepared glues and other prepared adhesives fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 20%. Over the period under review, production of attained the peak level at $X in 2020, and then contracted in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of prepared glues and other prepared adhesives, when their volume increased by 17% to X tons. The total export volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 34%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) represented the largest exporter of prepared glues and other prepared adhesives in Southern Asia, committing 99% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of prepared glues and other prepared adhesives. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest prepared glues and other prepared adhesives supplier in Southern Asia.

In India, exports of prepared glues and other prepared adhesives increased at an average annual rate of +5.6% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2019 when the export price increased by 18% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +4.6% per year.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Southern Asia

Imports of prepared glues and other prepared adhesives surged to X tons in 2021, increasing by 35% compared with the previous year's figure. Overall, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives soared to $X in 2021. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the main importing country with an import of around X tons, which amounted to 50% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons) and Nepal (X tons), together constituting a 44% share of total imports. Sri Lanka (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to prepared glues and other prepared adhesives imports into India stood at +10.2%. At the same time, Bangladesh (+17.9%), Pakistan (+16.8%) and Nepal (+10.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +17.9% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. Bangladesh (+10 p.p.) and Pakistan (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while India and Sri Lanka saw its share reduced by -3.7% and -5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Southern Asia, comprising 60% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 22% share of total imports. It was followed by Pakistan, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +9.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+20.7% per year) and Pakistan (+15.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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