Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States (FOB) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States (CIF) - 2023
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States (FOB) - 2023
In December 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $7,755 per ton, falling by -3.3% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 4.8% against the previous month. The export price peaked at $8,639 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Germany ($20,547 per ton), while the average price for exports to Brazil ($2,832 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.3%), 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 the United States (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $5,600 per ton in December 2023, increasing by 6.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 16% m-o-m. As a result, import price attained the peak level of $6,258 per ton. From April 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,299 per ton), while the price for Poland ($3,082 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) exported from the United States dropped slightly to 165K tons, remaining stable against the year before. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 6.6% against the previous year. As a result, the exports attained the peak of 166K tons, leveling off in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded significantly to $1.3B in 2022. The total export value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 276 | 257 | 297 | 352 | 8.4% |
| Mexico | 237 | 212 | 265 | 309 | 9.2% |
| China | 83.6 | 92.4 | 110 | 93.9 | 3.9% |
| Germany | 41.3 | 44.1 | 56.3 | 57.0 | 11.3% |
| Brazil | 23.5 | 19.2 | 20.3 | 27.3 | 5.1% |
| Saudi Arabia | 19.9 | 23.7 | 23.8 | 27.3 | 11.1% |
| Colombia | 13.4 | 11.1 | 10.1 | 12.4 | -2.6% |
| Others | 358 | 337 | 438 | 413 | 4.9% |
| Total | 1,053 | 996 | 1,221 | 1,293 | 7.1% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from the United States in 2022:
- Canada (60.9K tons)
- Mexico (46.0K tons)
- Brazil (7.0K tons)
- China (6.0K tons)
- Germany (4.0K tons)
- Saudi Arabia (3.9K tons)
- Colombia (2.4K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States
Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into the United States expanded markedly to 91K tons in 2022, increasing by 7.4% on the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +44.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded notably to $503M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.2% 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 +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 128 | 120 | 140 | 144 | 4.0% |
| Canada | 72.5 | 67.1 | 84.5 | 98.9 | 10.9% |
| Mexico | 16.6 | 15.2 | 57.3 | 70.6 | 62.0% |
| China | 15.1 | 10.5 | 18.2 | 35.0 | 32.3% |
| Netherlands | 24.3 | 24.0 | 29.2 | 21.1 | -4.6% |
| Japan | 18.6 | 16.5 | 22.2 | 20.0 | 2.4% |
| Italy | 20.4 | 14.0 | 19.5 | 19.1 | -2.2% |
| France | 9.9 | 8.9 | 11.2 | 13.3 | 10.3% |
| Taiwan (Chinese) | 4.3 | 4.1 | 5.1 | 7.9 | 22.5% |
| Others | 56.9 | 46.6 | 66.7 | 73.4 | 8.9% |
| Total | 366 | 327 | 454 | 503 | 11.2% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to the United States in 2022:
- Canada (26.0K tons)
- Germany (20.6K tons)
- Mexico (15.6K tons)
- China (5.4K tons)
- Netherlands (4.9K tons)
- Italy (2.9K tons)
- France (2.4K tons)
- Taiwan (Chinese) (2.2K tons)
- Japan (1.5K tons)
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