Report Update Nov 1, 2024

Colombia - Glues Based on Starches, Dextrins or Other Modified Starches - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Starch Glue Market 2024

Starch Glue Market Size in Colombia

In 2021, after five years of decline, there was significant growth in the Colombian starch glue market, when its value increased by 5.8% to $X. Overall, consumption recorded a slight expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Starch Glue Production in Colombia

In value terms, starch glue production rose markedly to $X in 2021 estimated in export price. In general, production enjoyed a modest increase. The pace of growth was the most pronounced in 2014 with an increase of 70% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Starch Glue Exports

Exports from Colombia

In 2021, overseas shipments of glues based on starches, dextrins or other modified starches increased by 59% to X tons, rising for the fifth year in a row after four years of decline. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 2,181%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, starch glue exports skyrocketed to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 778%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

El Salvador (X tons) was the main destination for starch glue exports from Colombia, with a 99% share of total exports. It was followed by Guatemala (X kg), with a 0.2% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to El Salvador amounted to +72.0%.

In value terms, El Salvador ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Colombia, comprising 92% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to El Salvador stood at +57.7%.

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, shrinking by -9.6% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 94%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to El Salvador amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+7.7%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Colombia

After three years of growth, supplies from abroad of glues based on starches, dextrins or other modified starches decreased by -15% to X tons in 2021. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 with an increase of 171% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, starch glue imports shrank to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 55% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X tons), Mexico (X tons) and Italy (X tons) were the main suppliers of starch glue imports to Colombia, together comprising 93% of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +169.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue suppliers to Colombia were Mexico ($X), Austria ($X) and Italy ($X), together accounting for 83% of total imports.

Austria, with a CAGR of +238.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, growing by 9.4% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 when the average import price increased by 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glues based on starches, dextrins or other modified starches in the world?

The countries with the highest volumes of starch glue consumption in 2020 were China, the U.S. and India, with a combined 39% share of global consumption. These countries were followed by Italy, Turkey, Japan, Russia, Brazil, Germany, Thailand, South Korea and Iran, which together accounted for a further 35%.

What are the largest producers of glues based on starches, dextrins or other modified starches in the world?

The country with the largest volume of starch glue production was China, comprising approx. 22% of total volume. Moreover, starch glue production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Germany ranked third in terms of total production with a 9% share.

What are the leading suppliers of glues based on starches, dextrins or other modified starches to Colombia?

In value terms, Mexico constituted the largest supplier of starch glue to Colombia, comprising 84% of total imports. The second position in the ranking was occupied by Ecuador, with a 11% share of total imports.

What are the leading importers of glues based on starches, dextrins or other modified starches from Colombia?

In value terms, El Salvador remains the key foreign market for starch glue exports from Colombia.

What is the average export price for glues based on starches, dextrins or other modified starches in Colombia?

In 2020, the average starch glue export price amounted to $687 per ton, leveling off at the previous year.

What is the average import price for glues based on starches, dextrins or other modified starches in Colombia?

In 2020, the average starch glue import price amounted to $1,482 per ton, declining by -12.9% against the previous year.

This report provides an in-depth analysis of the starch glue market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20521060 - Glues based on starches, dextrins or other modified starches

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023