Glues and other adhesives: prepared, n.e.s. in heading no. 3506, not exceeding a net weight of 1kg

In 2024, glues and other adhesives: prepared, n.e.s. in heading no. 3506, not exceeding a net weight of 1kg trade exhibited slight decline, with global flows reaching $2,165,104,575 and a three-year compound annual growth rate of -2.2% (five-year: +2.3%). The all-time peak of $2,332,045,696 was recorded in 2022; the current level is 7% below that high-water mark.

Over the 30-year observation window (1995–2024), 66% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is decelerating (-4.4% acceleration).

The World Trade Flows Characterization classifies glues and other adhesives: prepared, n.e.s. in heading no. 3506, not exceeding a net weight of 1kg as "Two-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.093). The three largest exporters — China ($515.7M), United States ($205.2M), and Japan ($161.2M) — collectively dominate supply flows. The leading exporter has grown at +3.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.037). The three largest import markets are Vietnam ($286.3M), China ($152.6M), and India ($107.4M). The largest importing market sources from 48 different supplying countries.

Estimated substitution elasticity: -2.87. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is China → Vietnam at $116.3M, representing 40.6% of the importer's total demand.

The volatility score for glues and other adhesives: prepared, n.e.s. in heading no. 3506, not exceeding a net weight of 1kg is 3 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.