Canada: Starch Glue Market 2024

Starch Glue Market Size in Canada

The Canadian starch glue market expanded notably to $X in 2021, increasing by 15% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Starch glue consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Starch Glue Production in Canada

In value terms, starch glue production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.1% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 26%. Starch glue production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Starch Glue Exports

Exports from Canada

Starch glue exports from Canada declined to X tons in 2021, waning by -12.2% against 2020. Overall, exports saw a pronounced contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 69% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports reduced remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 41%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for starch glue exports from Canada, accounting for a 80% share of total exports. Moreover, starch glue exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+305.7% per year) and Taiwan (Chinese) (+290.4% per year).

In value terms, the United States ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Canada, comprising 57% of total exports. The second position in the ranking was held by Singapore ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+338.4% per year) and Taiwan (Chinese) (+381.9% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, dropping by -20.4% against the previous year. In general, the export price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2018 an increase of 56% against the previous year. The export price peaked at $X per ton in 2020, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States ($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 Taiwan (Chinese) (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Canada

In 2021, purchases abroad of glues based on starches, dextrins or other modified starches increased by 42% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, starch glue imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest starch glue supplier to Canada, accounting for a 84% share of total imports. Moreover, starch glue imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+59.0% per year) and China (+49.0% per year).

In value terms, the United States ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Canada, comprising 82% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.1% per year) and China (+36.6% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, with a decrease of -18.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 21%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($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 States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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