Belgium: Starch Glue Market 2024

Starch Glue Market Size in Belgium

In 2021, the Belgian starch glue market increased by 24% to $X, rising for the fifth year in a row after three years of decline. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +104.7% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

Starch Glue Production in Belgium

In value terms, starch glue production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +99.2% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 9.6%. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Starch Glue Exports

Exports from Belgium

In 2021, overseas shipments of glues based on starches, dextrins or other modified starches decreased by -2% to X tons, falling for the third year in a row after seven years of growth. In general, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 53% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, starch glue exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 35%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for starch glue exports from Belgium, with a 46% share of total exports. Moreover, starch glue exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by France (X tons), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.9% per year) and France (+34.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Belgium, comprising 55% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by France, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.5% per year) and France (+21.0% per year).

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, surging by 18% against the previous year. Overall, the export price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.4%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Belgium

In 2021, purchases abroad of glues based on starches, dextrins or other modified starches increased by 29% to X tons, rising for the fourth year in a row after four years of decline. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 53%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, starch glue imports soared to $X in 2021. Overall, imports continue to indicate a noticeable increase. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of starch glue imports to Belgium, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) were the largest starch glue suppliers to Belgium, together accounting for 96% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +15.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, surging by 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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