United Kingdom: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in the UK

The UK market for prepared glues and other prepared adhesives expanded modestly to $X in 2021, picking up by 1.8% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Glues And Other Prepared Adhesives in the UK

In value terms, production of prepared glues and other prepared adhesives amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 15%. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from the UK

After four years of growth, overseas shipments of prepared glues and other prepared adhesives decreased by -6.3% to X tons in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2020, and then contracted in the following year.

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 +2.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat 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

Ireland (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from the UK, with a combined 37% share of total exports. These countries were followed by Poland, Turkey, France, Italy, Spain, the United States, Sweden, Brazil, Lithuania and China, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +35.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for prepared glues and other prepared adhesives exported from the UK worldwide, together accounting for 29% of total exports. These countries were followed by France, Ireland, Turkey, Poland, Italy, Spain, China, Sweden, Brazil and Lithuania, which together accounted for a further 41%.

In terms of the main countries of destination, Lithuania, with a CAGR of +24.1%, saw the highest rates of growth with regard to 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, picking up by 31% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Ireland ($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 Germany (+4.3%), 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 UK

Imports of prepared glues and other prepared adhesives into the UK expanded to X tons in 2021, growing by 2.5% against the previous year. The total import volume increased at an average annual rate of +2.9% 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 2015 when imports increased by 15% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of prepared glues and other prepared adhesives rose remarkably to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 14%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest prepared glues and other prepared adhesives supplier to the UK, with a 35% 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), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.6% per year) and the Netherlands (+7.5% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared glues and other prepared adhesives to the UK, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.3% per year) and China (+1.8% per year).

Import Prices by Country

The average import price for prepared glues and other prepared adhesives stood at $X per ton in 2021, with an increase of 9.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 9.7% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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