Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China (CIF) - 2023
The average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $11,999 per ton in December 2023, growing by 6.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in July 2023 when the average import price increased by 12% m-o-m. Over the period under review, average import prices hit record highs in December 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($23,553 per ton), while the price for Malaysia ($3,126 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 the United States (+1.5%), 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 China (FOB) - 2023
In December 2023, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $2,709 per ton, growing by 1.7% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 4.1% month-to-month. The export price peaked at $2,851 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,635 per ton), while the average price for exports to the United Arab Emirates ($1,488 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 the United Arab Emirates (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China
In 2022, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into China contracted notably to 142K tons, falling by -17.4% compared with 2021 figures. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of 172K tons, and then declined sharply in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) shrank markedly to $1.7B in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of $2B, and then shrank remarkably in the following year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 595 | 653 | 704 | 573 | -1.2% |
| South Korea | 348 | 337 | 352 | 282 | -6.8% |
| Germany | 115 | 177 | 190 | 199 | 20.1% |
| Taiwan (Chinese) | 253 | 228 | 255 | 174 | -11.7% |
| United States | 133 | 143 | 168 | 138 | 1.2% |
| Italy | 34.8 | 38.8 | 50.8 | 52.3 | 14.5% |
| Malaysia | 28.5 | 30.0 | 46.5 | 47.2 | 18.3% |
| Others | 163 | 173 | 235 | 204 | 7.8% |
| Total | 1,671 | 1,780 | 2,001 | 1,670 | -0.0% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to China in 2022:
- Japan (41.4K tons)
- South Korea (19.6K tons)
- Taiwan (Chinese) (18.1K tons)
- Germany (17.4K tons)
- Malaysia (13.3K tons)
- United States (7.3K tons)
- Italy (6.9K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China
For the fourth year in a row, China recorded growth in shipments abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), which increased by 9.9% to 482K tons in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $1.5B in 2022. The total export value increased at an average annual rate of +8.0% 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 with an increase of 23%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 171 | 166 | 216 | 248 | 13.2% |
| India | 63.4 | 62.7 | 79.9 | 99.3 | 16.1% |
| Thailand | 76.9 | 70.9 | 71.4 | 72.1 | -2.1% |
| South Korea | 46.9 | 43.6 | 59.9 | 58.7 | 7.8% |
| Brazil | 30.8 | 28.7 | 31.0 | 56.7 | 22.6% |
| Russia | 24.9 | 27.0 | 28.9 | 54.2 | 29.6% |
| Indonesia | 39.1 | 32.8 | 42.5 | 53.6 | 11.1% |
| Malaysia | 39.7 | 43.5 | 54.8 | 52.4 | 9.7% |
| Mexico | 12.7 | 10.7 | 22.6 | 41.6 | 48.5% |
| Turkey | 24.4 | 26.1 | 33.7 | 39.7 | 17.6% |
| Philippines | 28.5 | 25.1 | 28.5 | 37.9 | 10.0% |
| Pakistan | 18.2 | 20.6 | 31.7 | 25.7 | 12.2% |
| United Arab Emirates | 6.2 | 15.1 | 21.5 | 25.2 | 59.6% |
| Others | 630 | 573 | 685 | 662 | 1.7% |
| Total | 1,212 | 1,146 | 1,408 | 1,528 | 8.0% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from China in 2022:
- Vietnam (80.8K tons)
- India (29.4K tons)
- Thailand (23.2K tons)
- Russia (19.7K tons)
- Indonesia (18.9K tons)
- Brazil (17.7K tons)
- Philippines (15.7K tons)
- Malaysia (15.1K tons)
- United Arab Emirates (15.0K tons)
- South Korea (14.5K tons)
- Turkey (13.9K tons)
- Mexico (12.9K tons)
- Pakistan (11.8K tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in China.
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This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in China.
283
This report provides an in-depth analysis of the global market for prepared glues and other prepared adhesives.
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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.
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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.
