Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain - 2023

Contents:

  1. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (CIF) - 2023
  2. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (FOB) - 2023
  3. Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain
  4. Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (CIF) - 2023

The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $4,038 per ton in November 2023, growing by 2.9% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 21% m-o-m. The import price peaked at $4,569 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($5,366 per ton), while the price for Portugal ($2,058 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 Netherlands (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (FOB) - 2023

In November 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,922 per ton, dropping by -5.1% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 16% m-o-m. As a result, the export price reached the peak level of $4,657 per ton. From August 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($9,720 per ton), while the average price for exports to Saudi Arabia ($2,278 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 Saudi Arabia (+4.8%), 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 Spain

Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Spain reduced remarkably to 41K tons in 2022, with a decrease of -19.2% against the previous year. The total import volume increased at an average annual rate of +3.2% over the period 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 40% against the previous year. As a result, imports attained the peak of 51K tons, and then reduced rapidly in the following year.

In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank to $162M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $177M, and then fell in the following year.

Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany43.950.783.976.320.2%
Italy21.925.029.127.78.1%
France13.78.818.212.4-3.3%
Portugal11.210.111.011.50.9%
Netherlands9.86.111.39.4-1.4%
China2.52.75.25.832.4%
Belgium2.22.34.33.010.9%
Hungary0.61.21.92.560.9%
Others12.49.211.913.52.9%
Total11811617716211.1%

Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Spain in 2022:

  1. Germany (15.8K tons)
  2. Italy (8.7K tons)
  3. Portugal (4.9K tons)
  4. France (3.5K tons)
  5. Netherlands (2.7K tons)
  6. China (2.2K tons)
  7. Belgium (0.7K tons)
  8. Hungary (0.7K tons)

Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain

In 2022, approx. 24K tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from Spain; shrinking by -5.2% compared with the year before. The total export volume increased at an average annual rate of +4.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 25K tons, and then reduced in the following year.

In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) totaled $96M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 39%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France6.37.711.410.317.8%
Portugal5.45.67.37.913.5%
Poland6.85.87.57.95.1%
Germany5.04.76.86.48.6%
Morocco3.73.94.15.816.2%
United Kingdom2.21.72.85.334.1%
Chile2.73.74.64.619.4%
Peru1.32.42.64.247.8%
Russia0.81.41.93.360.4%
Mexico1.01.01.92.840.9%
Cuba1.32.35.02.829.1%
Netherlands0.70.72.12.654.9%
Iran0.90.82.22.030.5%
Others23.920.426.130.07.9%
Total62.162.086.495.915.6%

Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Spain in 2022:

  1. Portugal (2.4K tons)
  2. Poland (2.4K tons)
  3. France (2.0K tons)
  4. Germany (1.8K tons)
  5. Morocco (1.5K tons)
  6. Chile (1.3K tons)
  7. Peru (1.2K tons)
  8. Russia (0.9K tons)
  9. Mexico (0.8K tons)
  10. Netherlands (0.7K tons)
  11. Iran (0.7K tons)
  12. Cuba (0.6K tons)
  13. United Kingdom (0.6K tons)

Source: IndexBox Market Intelligence Platform

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