Latin America and the Caribbean: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Latin America and the Caribbean

In 2023, the Latin American market for prepared glues and other prepared adhesives increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Prepared Glues And Other Prepared Adhesives in Latin America and the Caribbean

In value terms, production of prepared glues and other prepared adhesives totaled $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, production of growth remained at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in Latin America and the Caribbean

Exports of prepared glues and other prepared adhesives shrank modestly to X tons in 2023, waning by X% on 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then fell slightly in the following year.

In value terms, exports of prepared glues and other prepared adhesives contracted to $X in 2023. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

In 2023, Mexico (X tons) and Brazil (X tons) represented the main exporters of prepared glues and other prepared adhesives in Latin America and the Caribbean, together reaching approx. X% of total exports. Colombia (X tons) took the next position in the ranking, followed by Chile (X tons) and Guatemala (X tons). All these countries together held near X% share of total exports. The following exporters - Costa Rica (X tons) and the Dominican Republic (X tons) - each reached an X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Chile, Costa Rica, Guatemala and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in Latin America and the Caribbean

In 2023, purchases abroad of prepared glues and other prepared adhesives increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, imports of prepared glues and other prepared adhesives stood at $X in 2023. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

In 2023, Mexico (X tons) represented the largest importer of prepared glues and other prepared adhesives, creating X% of total imports. Brazil (X tons) held the second position in the ranking, distantly followed by Chile (X tons), Argentina (X tons), Colombia (X tons) and Peru (X tons). All these countries together took approx. X% share of total imports. Ecuador (X tons), Guatemala (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

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

In value terms, Mexico ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico amounted to X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined modestly in the following year.

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

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

Source: IndexBox Platform