Eastern Europe: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Eastern Europe

In 2023, the East European market for prepared glues and other prepared adhesives decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then shrank in the following year.

Production of Prepared Glues And Other Prepared Adhesives in Eastern Europe

In value terms, production of prepared glues and other prepared adhesives contracted slightly to $X in 2023 estimated in export price. The total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then shrank modestly in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Eastern Europe

In 2023, exports of prepared glues and other prepared adhesives in Eastern Europe expanded markedly to X tons, surging by X% on the year before. Total exports indicated resilient growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in years to come.

In value terms, exports of prepared glues and other prepared adhesives soared to $X in 2023. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland represented the major exporting country with an export of around X tons, which resulted at X% of total exports. Hungary (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%) and the Czech Republic (X%). Romania (X tons), Lithuania (X tons) and Slovakia (X tons) held a little share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, Romania (X%), Hungary (X%), the Czech Republic (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Lithuania (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Hungary (X p.p.) and Romania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Slovakia (X p.p.), the Czech Republic (X p.p.), Russia (X p.p.) and Lithuania (X p.p.) displayed negative dynamics.

In value terms, Poland ($X) remains the largest prepared glues and other prepared adhesives supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Poland totaled X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, export price for prepared glues and other prepared adhesives increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Eastern Europe

In 2023, purchases abroad of prepared glues and other prepared adhesives decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, imports of prepared glues and other prepared adhesives fell slightly to $X in 2023. Total imports indicated a tangible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of attained the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

Poland (X tons), Russia (X tons) and Slovakia (X tons) represented roughly X% of total imports in 2023. The Czech Republic (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and Lithuania (X%). Hungary (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Romania, Hungary, Slovakia and Lithuania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, leveling off at the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform