United Arab Emirates: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in the United Arab Emirates

The market for prepared glues and other prepared adhesives in the United Arab Emirates soared to $X in 2021, with an increase of 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a slight expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from the United Arab Emirates

In 2021, shipments abroad of prepared glues and other prepared adhesives decreased by -3.6% to X tons, falling for the third consecutive year after three years of growth. In general, total exports indicated a strong increase from 2012 to 2021: its volume 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, exports decreased by -17.7% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 91%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of prepared glues and other prepared adhesives rose notably to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.2% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 54% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of prepared glues and other prepared adhesives from the United Arab Emirates, accounting for a 46% share of total exports. Moreover, exports of prepared glues and other prepared adhesives to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), twofold. Tanzania (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Saudi Arabia amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+12.3% per year) and Tanzania (+20.8% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for prepared glues and other prepared adhesives exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was taken by Oman ($X), with a 17% share of total exports. It was followed by Kuwait, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+5.4% per year) and Kuwait (+24.0% per year).

Export Prices by Country

In 2021, the average export price for prepared glues and other prepared adhesives amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 17%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Iraq (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into the United Arab Emirates

In 2021, imports of prepared glues and other prepared adhesives into the United Arab Emirates soared to X tons, jumping by 16% compared with the year before. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Over the period under review, imports of attained the peak figure 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. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Germany (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to the United Arab Emirates, with a combined 73% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to the United Arab Emirates were India ($X), China ($X) and Germany ($X), together comprising 51% of total imports.

In terms of the main suppliers, India, with a CAGR of +11.9%, 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

In 2021, the average import price for prepared glues and other prepared adhesives amounted to $X per ton, jumping by 19% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average 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 ($X per ton), while the price for Saudi Arabia ($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 United States (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :