Brazil: Starch Glue Market 2024

Starch Glue Market Size in Brazil

The Brazilian starch glue market totaled $X in 2021, surging by 11% against the previous year. Overall, consumption continues to indicate a slight increase. Starch glue consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Starch Glue Production in Brazil

In value terms, starch glue production expanded notably to $X in 2021 estimated in export price. In general, production enjoyed a mild increase. The pace of growth was the most pronounced in 2015 with an increase of 52%. Starch glue production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from Brazil

Starch glue exports from Brazil skyrocketed to X tons in 2021, rising by 23% against 2020. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% 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 increased by +36.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 61% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, starch glue exports reduced to $X in 2021. Over the period under review, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 increased by +41.6% against 2018 indices. The pace of growth was the most pronounced in 2015 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for starch glue exports from Brazil, accounting for a 71% share of total exports. Moreover, starch glue exports to Peru exceeded the volume sent to the second major destination, Paraguay (X tons), fivefold. Argentina (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+41.3% per year) and Argentina (-15.8% per year).

In value terms, Peru ($X), the United States ($X) and Paraguay ($X) appeared to be the largest markets for starch glue exported from Brazil worldwide, together accounting for 81% of total exports.

Paraguay, with a CAGR of +42.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, reducing by -23.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 44%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 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 the United States ($X per ton), while the average price for exports to Peru ($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 Argentina (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Brazil

In 2021, the amount of glues based on starches, dextrins or other modified starches imported into Brazil rose sharply to X tons, surging by 8% on 2020. Overall, imports saw a significant increase. The growth pace was the most rapid in 2014 when imports increased by 402% against the previous year. 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 shrank modestly to $X in 2021. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 186%. Over the period under review, imports hit record highs at $X in 2020, and then reduced slightly in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest starch glue supplier to Brazil, with a 80% share of total imports. Moreover, starch glue imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. Austria (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +83.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.4% per year) and Austria (+10.8% per year).

In value terms, Germany ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Brazil, comprising 76% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Argentina, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +52.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-14.2% per year) and Argentina (-8.4% per year).

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, reducing by -9.4% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Argentina ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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