Asia-Pacific: Starch Glue Market 2025

Starch Glue Market Size in Asia-Pacific

After two years of decline, the Asia-Pacific starch glue market increased by 1.4% to $X in 2021. The market value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Production in Asia-Pacific

In value terms, starch glue production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 15%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Starch Glue Exports

Exports in Asia-Pacific

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were exported in Asia-Pacific; increasing by 7.6% against the previous year. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.0% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 19%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, starch glue exports fell to $X in 2021. Overall, exports showed a tangible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 152%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) was the key exporter of glues based on starches, dextrins or other modified starches, generating 39% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 22% share, followed by Malaysia (16%) and India (7.4%). Vietnam (X tons), Australia (X tons), Japan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Australia (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue supplying countries in Asia-Pacific were China ($X), Thailand ($X) and Malaysia ($X), together comprising 67% of total exports. These countries were followed by Australia, Japan, India, Vietnam and Sri Lanka, which together accounted for a further 16%.

Among the main exporting countries, Australia, with a CAGR of +17.6%, recorded the highest growth rate of 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-Pacific amounted to $X per ton, falling by -14.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of 111% 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.

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 Australia ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Starch Glue Imports

Imports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded decline in purchases abroad of glues based on starches, dextrins or other modified starches, which decreased by -5.6% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 83%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, starch glue imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), Malaysia (X tons), India (X tons), Myanmar (X tons) and Singapore (X tons) were the main importers of glues based on starches, dextrins or other modified starches, together generating 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +32.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue importing markets in Asia-Pacific were Thailand ($X), Indonesia ($X) and India ($X), together comprising 75% of total imports. Malaysia, Vietnam, Singapore and Myanmar lagged somewhat behind, together comprising a further 15%.

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

The import price in Asia-Pacific stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 an increase of 25% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Indonesia (+4.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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