SADC: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in SADC

The SADC market for prepared glues and other prepared adhesives rose to $X in 2023, with an increase of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Prepared Glues And Other Prepared Adhesives in SADC

In value terms, production of prepared glues and other prepared adhesives reached $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Prepared Glues And Other Prepared Adhesives

Exports in SADC

After two years of decline, overseas shipments of prepared glues and other prepared adhesives increased by X% to X tons in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of prepared glues and other prepared adhesives declined slightly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then contracted modestly in the following year.

Exports by Country

South Africa (X tons) represented roughly X% of total exports in 2023.

South Africa experienced a relatively flat trend pattern with regard to volume of exports of prepared glues and other prepared adhesives. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest prepared glues and other prepared adhesives supplier in SADC.

From 2012 to 2023, the average annual growth rate of value in South Africa stood at X%.

Export Prices by Country

The export price in SADC stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2023, the rate of growth in terms of prices for South Africa amounted to X% per year.

Imports of Prepared Glues And Other Prepared Adhesives

Imports in SADC

In 2023, supplies from abroad of prepared glues and other prepared adhesives decreased by X% to X tons, falling for the second year in a row after five years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; 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 X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of prepared glues and other prepared adhesives dropped to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which recorded X% of total imports. Mozambique (X tons) took the second position in the ranking, followed by Tanzania (X tons), Zimbabwe (X tons) and Angola (X tons). All these countries together took near X% share of total imports. Botswana (X tons), Zambia (X tons), Madagascar (X tons), Namibia (X tons), Democratic Republic of the Congo (X tons), Swaziland (X tons) and Mauritius (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to prepared glues and other prepared adhesives imports into South Africa stood at X%. At the same time, Mozambique (X%), Swaziland (X%), Zambia (X%), Democratic Republic of the Congo (X%), Tanzania (X%), Madagascar (X%) and Zimbabwe (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Namibia experienced a relatively flat trend pattern. By contrast, Mauritius (X%), Angola (X%) and Botswana (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of South Africa, Mozambique, Tanzania, Zambia and Swaziland increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported prepared glues and other prepared adhesives in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Zimbabwe, with a X% share.

In South Africa, imports of prepared glues and other prepared adhesives expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Zimbabwe (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform