Asia: Starch Glue Market 2024

Starch Glue Market Size in Asia

After three years of decline, the Asian starch glue market increased by 2.4% to $X in 2021. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Production in Asia

In value terms, starch glue production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 16%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports in Asia

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were exported in Asia; growing by 26% compared with the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports expanded slightly to $X in 2021. In general, exports recorded a noticeable expansion. The pace of growth was the most pronounced in 2014 when exports increased by 113% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Saudi Arabia (X tons), distantly followed by China (X tons), Thailand (X tons), Turkey (X tons) and Malaysia (X tons) were the main exporters of glues based on starches, dextrins or other modified starches, together generating 84% of total exports. India (X tons) and the United Arab Emirates (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of +18.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Thailand ($X) constituted the countries with the highest levels of exports in 2021, with a combined 56% share of total exports.

Among the main exporting countries, Saudi Arabia, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, falling by -18.1% against the previous year. Overall, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in 2014 an increase of 84% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Saudi Arabia ($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 United Arab Emirates (+0.7%), while the other leaders experienced mixed trends in the export price figures.

Starch Glue Imports

Imports in Asia

In 2021, imports of glues based on starches, dextrins or other modified starches in Asia surged to X tons, jumping by 23% compared with the previous year's figure. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 61%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, starch glue imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by 31% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Kuwait (X tons), distantly followed by Indonesia (X tons), Turkey (X tons), Thailand (X tons), the United Arab Emirates (X tons), Vietnam (X tons), Malaysia (X tons), Bahrain (X tons) and India (X tons) were the largest importers of glues based on starches, dextrins or other modified starches, together generating 76% of total imports. The following importers - Myanmar (X tons), Singapore (X tons) and Oman (X tons) - together made up 8.9% of total imports.

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 Turkey ($X) were the countries with the highest levels of imports in 2021, together accounting for 61% of total imports. These countries were followed by India, the United Arab Emirates, Malaysia, Vietnam, Singapore, Myanmar, Oman, Kuwait and Bahrain, which together accounted for a further 27%.

Vietnam, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in Asia amounted to $X per ton, which is down by -6.4% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the import price increased by 5.8% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Kuwait ($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 United Arab Emirates (+11.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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