Australia's import of adhesives based on rubber or plastic stood at 15.351 million kilograms in 2024, marking a forecasted increase from previous years. Actual data to 2023 showed a steady increase in import volumes. The year-on-year variances indicate a growing demand: 2.4% from 2024 to 2025, evolving steadily to a 2.1% increase from 2027 to 2028. Over the last two years, variations have shown an annual rise averaging approximately 2.16%. The five-year Compound Annual Growth Rate (CAGR) reflects a sustainable growth in demand, averaging at 2.3% per year.
Future trends to watch for:
- Technological advancements and potential substitutes may impact import volumes.
- Changes in international trade policies and tariffs.
- Environmental regulations affecting product composition and sourcing.
