EU: Market for Prepared Glues And Other Prepared Adhesives 2024

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

In 2023, the EU market for prepared glues and other prepared adhesives decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated noticeable 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, consumption increased by X% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped modestly in the following year.

Production of Prepared Glues And Other Prepared Adhesives in the EU

In value terms, production of prepared glues and other prepared adhesives declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then declined in the following year.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in the EU

In 2023, shipments abroad of prepared glues and other prepared adhesives decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives stood at $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

Germany represented the largest exporter of prepared glues and other prepared adhesives in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2023. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), Belgium (X%), France (X%) and Poland (X%). Spain (X tons) and Portugal (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of prepared glues and other prepared adhesives. At the same time, Poland (X%), Spain (X%), Belgium (X%), Italy (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. The Netherlands experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest prepared glues and other prepared adhesives supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

In Germany, exports of prepared glues and other prepared adhesives expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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 France ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Imports of Prepared Glues And Other Prepared Adhesives

Imports in the EU

In 2023, after three years of growth, there was significant decline in purchases abroad of prepared glues and other prepared adhesives, when their volume decreased by X% to X tons. The total import volume 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. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then dropped in the following year.

In value terms, imports of prepared glues and other prepared adhesives declined slightly to $X in 2023. Total imports indicated a notable increase from 2012 to 2023: its value 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then dropped modestly in the following year.

Imports by Country

The purchases of the twelve major importers of prepared glues and other prepared adhesives, namely Germany, Poland, France, Belgium, Slovakia, Spain, the Netherlands, Italy, the Czech Republic, Luxembourg, Austria and Romania, represented more than two-thirds of total import.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives importing markets in the European Union were Germany ($X), France ($X) and Poland ($X), with a combined X% share of total imports. The Netherlands, Spain, Italy, Belgium, the Czech Republic, Austria, Romania, Slovakia and Luxembourg lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw 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 the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform