ASEAN: Starch Glue Market 2025

Starch Glue Market Size in ASEAN

The ASEAN starch glue market contracted to $X in 2021, with a decrease of -14.8% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Starch Glue Production in ASEAN

In value terms, starch glue production declined to $X in 2021 estimated in export price. Overall, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Starch Glue Exports

Exports in ASEAN

In 2021, after four years of decline, there was significant growth in shipments abroad of glues based on starches, dextrins or other modified starches, when their volume increased by 55% to X tons. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports soared to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 208% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand (X tons) and Malaysia (X tons) dominates exports structure, together committing 90% of total exports. It was distantly followed by Vietnam (X tons), making up a 6.4% share of total exports. Singapore (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest starch glue supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Singapore ($X), with a combined 94% share of total exports.

Malaysia, with a CAGR of +4.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, which is down by -16.1% against the previous year. In general, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2014 when the export price increased by 170% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.7%), while the other leaders experienced a decline in the export price figures.

Starch Glue Imports

Imports in ASEAN

In 2021, purchases abroad of glues based on starches, dextrins or other modified starches decreased by -14.3% to X tons, falling for the second consecutive year after two years of growth. In general, imports, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 133% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, starch glue imports rose modestly to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), Malaysia (X tons), Myanmar (X tons) and Singapore (X tons) were the largest importers of glues based on starches, dextrins or other modified starches, together comprising 94% of total imports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +32.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 84% of total imports. Vietnam, Singapore, Myanmar and the Philippines lagged somewhat behind, together accounting for a further 14%.

Vietnam, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 20% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform