Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,423 per ton, picking up by 5.7% against the previous year. Overall, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $3,404 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($20,210 per ton), while the price for the UK ($1,114 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (FOB) - 2023
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $10,465 per ton in November 2023, approximately reflecting the previous month. Over the period under review, export price indicated a modest increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -26.3% against September 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 77% against the previous month. As a result, the export price attained the peak level of $15,592 per ton. From January 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was China ($55,804 per ton), while the average price for exports to the UK ($5,230 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland
Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Ireland fell modestly to 9K tons in 2022, which is down by -4.9% against the year before. In general, imports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 2.3% against the previous year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $22M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 8.4 | 8.0 | 7.3 | 7.3 | -4.6% |
| Germany | 2.5 | 4.5 | 6.0 | 5.9 | 33.1% |
| United States | 6.5 | 3.3 | 5.1 | 5.5 | -5.4% |
| Belgium | 0.4 | 1.0 | 1.4 | 0.6 | 14.5% |
| France | 0.7 | 0.1 | 0.2 | 0.3 | -24.6% |
| Others | 1.7 | 1.9 | 1.7 | 2.2 | 9.0% |
| Total | 20.2 | 18.8 | 21.7 | 21.8 | 2.6% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Ireland in 2022:
- United Kingdom (6.6K tons)
- Germany (1.4K tons)
- United States (0.3K tons)
- France (0.2K tons)
- Belgium (0.1K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland
In 2022, after three years of growth, there was significant decline in shipments abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -38.2% to 818 tons. In general, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank to $6.6M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of $7.5M, and then fell in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.7 | 2.8 | 3.7 | 3.1 | 4.7% |
| Germany | 1.7 | 1.5 | 1.9 | 1.6 | -2.0% |
| Italy | 0.5 | 0.5 | 0.6 | 0.4 | -7.2% |
| Netherlands | 0.1 | N/A | 0.1 | 0.2 | 26.0% |
| Others | 0.8 | 0.9 | 1.2 | 1.3 | 17.6% |
| Total | 5.8 | 5.8 | 7.5 | 6.6 | 4.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Ireland in 2022:
- United Kingdom (674.6 tons)
- Germany (75.2 tons)
- Italy (18.2 tons)
- Netherlands (12.7 tons)
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