Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada - 2024
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada (CIF) - 2024
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada (FOB) - 2024
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada (CIF) - 2024
In January 2024, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $5,543 per ton, dropping by -13.3% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 12% m-o-m. As a result, import price attained the peak level of $6,394 per ton, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($12,996 per ton), while the price for Mexico ($4,267 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada (FOB) - 2024
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $3,804 per ton in January 2024, waning by -14.7% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average export price increased by 22% against the previous month. As a result, the export price attained the peak level of $4,462 per ton, and then contracted in the following month.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to +0.1% per month.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada
In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into Canada shrank slightly to 70K tons, which is down by -3.5% against the previous year's figure. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports attained the peak of 73K tons, and then dropped in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $386M in 2022. The total import value increased at an average annual rate of +8.3% 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 imports increased by 19% 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 259 | 239 | 272 | 325 | 7.9% |
| Germany | 22.3 | 20.6 | 28.6 | 26.5 | 5.9% |
| Mexico | 0.7 | 0.8 | 7.0 | 12.2 | 159.3% |
| China | 4.1 | 4.9 | 9.7 | 7.7 | 23.4% |
| Others | 17.9 | 13.1 | 13.4 | 14.5 | -6.8% |
| Total | 304 | 278 | 331 | 386 | 8.3% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Canada in 2022:
- United States (60.1K tons)
- Germany (3.0K tons)
- Mexico (2.9K tons)
- China (1.8K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada
Exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Canada shrank to 27K tons in 2022, approximately equating the previous year. The total export volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of 28K tons, leveling off in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) rose markedly to $114M in 2022. The total export value increased at an average annual rate of +10.3% from 2019 to 2022; 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 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 74.6 | 69.6 | 87.3 | 103 | 11.4% |
| Others | 10.2 | 7.6 | 12.0 | 10.5 | 1.0% |
| Total | 84.8 | 77.3 | 99.3 | 114 | 10.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Canada in 2022:
- United States (26.4K tons)
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
