Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (FOB) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (CIF) - 2023
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,722 per ton, increasing by 6.9% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for adhesives; prepared, based on rubber or plastics (including artificial resins) increased by +97.6% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 22%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,762 per ton), while the average price for exports to Turkey ($1,254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (CIF) - 2023
In November 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,506 per ton, flattening at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 15% against the previous month. The import price peaked at $3,867 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($19,650 per ton), while the price for Slovenia ($1,132 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium
In 2022, overseas shipments of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -9.5% to 80K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 15% against the previous year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) fell to $218M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports reached the peak of $225M, and then dropped slightly in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 33.3 | 39.3 | 50.2 | 48.6 | 13.4% |
| France | 20.5 | 22.2 | 33.7 | 33.3 | 17.6% |
| Sweden | 16.0 | 14.2 | 22.2 | 21.8 | 10.9% |
| Netherlands | 11.3 | 11.8 | 13.7 | 13.9 | 7.1% |
| Poland | 10.0 | 9.0 | 12.2 | 13.2 | 9.7% |
| United Kingdom | 4.5 | 9.4 | 10.2 | 11.2 | 35.5% |
| Italy | 3.2 | 9.1 | 11.0 | 8.7 | 39.6% |
| United States | 6.5 | 5.7 | 7.4 | 8.4 | 8.9% |
| Hungary | 3.3 | 3.2 | 4.7 | 6.0 | 22.1% |
| Denmark | 3.5 | 3.5 | 3.9 | 4.3 | 7.1% |
| Turkey | 1.3 | 2.5 | 3.6 | 3.1 | 33.6% |
| Austria | 0.9 | 1.3 | 2.4 | 2.9 | 47.7% |
| Greece | 0.9 | 1.1 | 1.2 | 1.2 | 10.1% |
| Others | 26.9 | 35.7 | 48.4 | 40.9 | 15.0% |
| Total | 142 | 168 | 225 | 218 | 15.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Belgium in 2022:
- France (20.9K tons)
- Germany (14.8K tons)
- Netherlands (7.0K tons)
- Poland (4.5K tons)
- Sweden (4.4K tons)
- United Kingdom (3.6K tons)
- Hungary (3.1K tons)
- Italy (2.6K tons)
- Turkey (2.5K tons)
- Austria (1.6K tons)
- United States (1.2K tons)
- Denmark (1.2K tons)
- Greece (1.1K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium
In 2022, purchases abroad of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -8.6% to 31K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of 35K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank slightly to $108M in 2022. The total import value increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of $110M, and then declined slightly in the following year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 41.2 | 40.9 | 48.3 | 45.7 | 3.5% |
| Netherlands | 24.2 | 25.9 | 27.5 | 24.3 | 0.1% |
| Italy | 6.1 | 7.9 | 11.6 | 11.2 | 22.5% |
| France | 7.1 | 9.2 | 9.2 | 10.4 | 13.6% |
| United States | 1.8 | 3.5 | 4.7 | 5.9 | 48.5% |
| Sweden | 0.8 | 0.9 | 1.3 | 1.5 | 23.3% |
| Hungary | 0.7 | 1.2 | 1.2 | 1.3 | 22.9% |
| Others | 5.5 | 6.0 | 6.7 | 7.7 | 11.9% |
| Total | 87.4 | 95.5 | 110 | 108 | 7.3% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Belgium in 2022:
- Germany (13.2K tons)
- Netherlands (6.3K tons)
- Italy (4.8K tons)
- France (3.0K tons)
- United States (0.7K tons)
- Hungary (0.6K tons)
- Sweden (0.5K tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in Belgium.
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