Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia - 2024

Contents:

  1. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia (CIF) - 2022
  2. Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia (FOB) - 2022
  3. Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia
  4. Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia

Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia (CIF) - 2022

In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,195 per ton, growing by 6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 18%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,653 per ton), while the price for Indonesia ($1,848 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), 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 Australia (FOB) - 2022

In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,860 per ton, increasing by 10% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, the average export prices attained the peak figure at $4,136 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,192 per ton), while the average price for exports to Papua New Guinea ($2,053 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 the Philippines (+2.6%), 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 Australia

Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Australia soared to 17K tons in 2022, rising by 28% on the previous year's figure. The total import volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) surged to $70M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.36.69.014.532.0%
United States8.17.27.410.810.1%
Italy5.25.56.510.124.8%
Germany8.77.89.19.53.0%
Thailand1.82.22.77.158.0%
United Kingdom3.53.33.93.1-4.0%
South Korea2.52.83.22.95.1%
Malaysia0.51.01.52.673.2%
Netherlands1.72.01.91.70.0%
Japan1.71.61.61.6-2.0%
Indonesia1.61.50.91.2-9.1%
Others4.63.63.84.60.0%
Total46.445.051.569.614.5%

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

  1. China (3.7K tons)
  2. Italy (2.7K tons)
  3. Germany (2.3K tons)
  4. Thailand (2.2K tons)
  5. South Korea (1.2K tons)
  6. United States (1.1K tons)
  7. United Kingdom (0.7K tons)
  8. Indonesia (0.6K tons)
  9. Malaysia (0.6K tons)
  10. Netherlands (0.3K tons)
  11. Japan (0.3K tons)

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

In 2022, approx. 2.8K tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from Australia; declining by -10% against the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.5% 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 +57.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of 3.2K tons, and then shrank in the following year.

In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank to $8.1M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +64.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, the exports reached the peak of $8.2M, leveling off in the following year.

Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand2,3591,2923,5884,19221.1%
Papua New Guinea55098753280513.5%
South Korea36636672058516.9%
Fiji19.637.7276396172.4%
Philippines9.642.51,230280207.8%
Japan29.38.126.7248103.8%
Malaysia44.125.310720165.8%
Singapore345450172181-19.3%
Indonesia193180228140-10.1%
China48.817423814042.1%
Thailand81.364414595.55.5%
Others1,182708923840-10.8%
Total5,2284,9148,1868,10415.7%

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

  1. New Zealand (1693.4 tons)
  2. Papua New Guinea (391.9 tons)
  3. South Korea (219.1 tons)
  4. Fiji (90.0 tons)
  5. Japan (71.2 tons)
  6. Philippines (57.6 tons)
  7. Malaysia (56.6 tons)
  8. China (46.5 tons)
  9. Singapore (36.3 tons)
  10. Thailand (24.6 tons)
  11. Indonesia (23.0 tons)

Source: IndexBox Market Intelligence Platform

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