Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (CIF) - 2023
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (CIF) - 2023
In November 2023, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $398 per ton, with a decrease of -82.7% against the previous month. Overall, the import price faced a deep slump. The most prominent rate of growth was recorded in January 2023 an increase of 5.9% against the previous month. The import price peaked at $2,884 per ton in May 2023; however, from June 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($7,493 per ton), while the price for Germany amounted to $371 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%).
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (FOB) - 2022
In 2022, the average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $11,891 per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $13,400 per ton in 2018; however, from 2019 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 Slovakia ($72,171 per ton), while the average price for exports to Switzerland ($3,864 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 Slovakia (+28.1%), 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 Luxembourg
After three years of growth, overseas purchases of adhesives; prepared, based on rubber or plastics (including artificial resins) decreased by -2.7% to 38K tons in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 3.4%. As a result, imports reached the peak of 39K tons, and then dropped in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded remarkably to $101M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% 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 +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 64.5 | 65.1 | 88.3 | 98.3 | 15.1% |
| Others | 2.8 | 2.5 | 2.6 | 3.0 | 2.3% |
| Total | 67.3 | 67.6 | 90.9 | 101 | 14.5% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Luxembourg in 2022:
- Germany (37.5K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg
In 2022, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Luxembourg contracted dramatically to 100 tons, with a decrease of -38.4% on 2021. Over the period under review, exports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of 95%. As a result, the exports attained the peak of 162 tons, and then declined sharply in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) dropped rapidly to $1.2M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, the exports attained the peak of $1.7M, and then fell rapidly in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | 135 | 112 | 275 | 42.7% |
| Czech Republic | 254 | 120 | 216 | 153 | -15.5% |
| Germany | 131 | 84.4 | 426 | 115 | -4.2% |
| France | 102 | 73.2 | 98.3 | 93.9 | -2.7% |
| Austria | 82.4 | 48.8 | 113 | 82.2 | -0.1% |
| Poland | 41.9 | 41.9 | 78.8 | 78.4 | 23.2% |
| Italy | 101 | 91.0 | 85.1 | 74.4 | -9.7% |
| Spain | 15.2 | 23.0 | 50.7 | 68.0 | 64.8% |
| Switzerland | 10.6 | 15.7 | 93.3 | 56.9 | 75.1% |
| Belgium | 61.0 | 61.2 | 68.5 | 39.3 | -13.6% |
| Netherlands | 18.9 | 18.0 | 28.4 | 33.2 | 20.7% |
| Lithuania | 2.2 | 35.2 | 25.4 | 30.3 | 139.7% |
| Russia | 136 | 104 | 24.3 | 7.9 | -61.3% |
| Others | 29.8 | 121 | 298 | 78.4 | 38.0% |
| Total | 986 | 972 | 1,717 | 1,186 | 6.3% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Luxembourg in 2022:
- Germany (19.5 tons)
- Switzerland (14.7 tons)
- Czech Republic (12.2 tons)
- France (8.9 tons)
- Austria (7.5 tons)
- Italy (6.5 tons)
- Spain (6.5 tons)
- Belgium (5.6 tons)
- Poland (4.5 tons)
- Slovakia (3.8 tons)
- Lithuania (2.8 tons)
- Netherlands (2.4 tons)
- Russia (0.5 tons)
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