Spain: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Spain

After two years of decline, the Spanish market for prepared glues and other prepared adhesives increased by 6.2% to $X in 2021. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Spain

In value terms, production of prepared glues and other prepared adhesives rose to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 27%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Spain

In 2021, after two years of decline, there was significant growth in overseas shipments of prepared glues and other prepared adhesives, when their volume increased by 21% to X tons. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; the trend pattern remained consistent, with only minor 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.

In value terms, exports of prepared glues and other prepared adhesives skyrocketed to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and Poland (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Spain, with a combined 32% share of total exports. These countries were followed by Germany, Morocco, Chile, Mexico, Algeria, Italy, Peru, Cuba, Turkey and Egypt, which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +51.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Spain were France ($X), Portugal ($X) and Germany ($X), together comprising 34% of total exports. These countries were followed by Morocco, Poland, Chile, Mexico, Cuba, Italy, Algeria, Peru, Turkey and Egypt, which together accounted for a further 36%.

Among the main countries of destination, Egypt, with a CAGR of +46.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at $X per ton in 2021, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Poland ($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 Italy (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Spain

Imports of prepared glues and other prepared adhesives into Spain soared to X tons in 2021, increasing by 35% against 2020. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, 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.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +6.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of prepared glues and other prepared adhesives to Spain, accounting for a 38% share of total imports. Moreover, imports of prepared glues and other prepared adhesives from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.9% per year) and Portugal (+8.2% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared glues and other prepared adhesives to Spain, comprising 39% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and France (+2.3% per year).

Import Prices by Country

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 5.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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