Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India (FOB) - 2023
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India (CIF) - 2023
In November 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $3,186 per ton, approximately reflecting the previous month. Overall, the import price recorded a mild reduction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 11% month-to-month. Over the period under review, average import prices reached the maximum at $3,919 per ton in November 2022; however, from December 2022 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,629 per ton), while the price for Hong Kong SAR ($1,783 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.9%), 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 India (FOB) - 2023
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,764 per ton in November 2023, rising by 3.2% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices attained the maximum at $3,420 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($5,201 per ton), while the average price for exports to Ghana ($1,481 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+6.3%), 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 India
In 2022, the amount of adhesives; prepared, based on rubber or plastics (including artificial resins) imported into India expanded rapidly to 44K tons, increasing by 14% on the year before. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $169M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. Imports peaked 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 India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.3 | 29.8 | 41.7 | 53.6 | 20.9% |
| Taiwan (Chinese) | 7.0 | 5.8 | 10.6 | 13.9 | 25.7% |
| South Korea | 5.4 | 4.9 | 11.7 | 13.9 | 37.0% |
| Vietnam | 2.9 | 2.9 | 11.2 | 13.8 | 68.2% |
| Germany | 8.1 | 6.9 | 10.5 | 11.3 | 11.7% |
| Italy | 6.0 | 3.2 | 7.0 | 11.2 | 23.1% |
| United States | 7.4 | 6.4 | 9.6 | 10.8 | 13.4% |
| Malaysia | 3.4 | 3.6 | 5.3 | 8.4 | 35.2% |
| Thailand | 2.5 | 3.6 | 4.7 | 5.2 | 27.7% |
| Netherlands | 3.7 | 2.2 | 4.4 | 4.4 | 5.9% |
| Belgium | 2.1 | 1.8 | 3.4 | 3.3 | 16.3% |
| United Arab Emirates | 1.7 | 1.6 | 1.6 | 1.1 | -13.5% |
| Singapore | 3.2 | 2.4 | 0.8 | 0.2 | -60.3% |
| Others | 13.7 | 11.6 | 13.6 | 17.7 | 8.9% |
| Total | 97.3 | 86.7 | 136 | 169 | 20.2% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to India in 2022:
- China (18.4K tons)
- Vietnam (5.3K tons)
- Taiwan (Chinese) (3.6K tons)
- South Korea (2.9K tons)
- Italy (2.8K tons)
- Malaysia (2.5K tons)
- United States (1.3K tons)
- Belgium (1.2K tons)
- Germany (1.2K tons)
- Netherlands (1.0K tons)
- Thailand (0.7K tons)
- United Arab Emirates (0.3K tons)
- Singapore (0.1K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India
In 2022, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from India surged to 28K tons, increasing by 25% on the year before. The total export volume increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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) skyrocketed to $79M in 2022. Over the period under review, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 20.2 | 19.0 | 20.9 | 18.3 | -3.2% |
| Nepal | 5.4 | 3.8 | 8.8 | 12.9 | 33.7% |
| Bangladesh | 2.1 | 2.0 | 3.5 | 7.0 | 49.4% |
| Gabon | 1.1 | 2.6 | 2.4 | 4.7 | 62.3% |
| Russia | N/A | N/A | N/A | 4.2 | 0% |
| Sri Lanka | 2.8 | 2.2 | 3.2 | 3.8 | 10.7% |
| Nigeria | 2.6 | 2.6 | 3.4 | 3.5 | 10.4% |
| Indonesia | 1.3 | 1.2 | 1.5 | 2.6 | 26.0% |
| Saudi Arabia | 1.1 | 1.0 | 1.1 | 2.1 | 24.1% |
| Qatar | 1.1 | 1.0 | 1.0 | 1.9 | 20.0% |
| Ghana | 0.2 | 0.1 | 0.3 | 1.6 | 100.0% |
| Mexico | N/A | N/A | N/A | 0.8 | 0% |
| Oman | 1.0 | 0.6 | 0.5 | 0.6 | -15.7% |
| Others | 7.2 | 5.5 | 8.8 | 14.7 | 26.9% |
| Total | 46.0 | 41.7 | 55.3 | 78.6 | 19.6% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from India in 2022:
- United Arab Emirates (6.3K tons)
- Nepal (3.9K tons)
- Gabon (2.8K tons)
- Bangladesh (2.7K tons)
- Nigeria (1.3K tons)
- Russia (1.1K tons)
- Ghana (1.0K tons)
- Indonesia (1.0K tons)
- Saudi Arabia (1.0K tons)
- Sri Lanka (0.8K tons)
- Qatar (0.6K tons)
- Mexico (0.4K tons)
- Oman (0.2K tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in India.
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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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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.
