Denmark: Starch Glue Market 2024

Starch Glue Market Size in Denmark

The Danish starch glue market soared to $X in 2021, with an increase of 50% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible decrease. Starch glue consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Starch Glue Production in Denmark

In value terms, starch glue production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from Denmark

In 2021, the amount of glues based on starches, dextrins or other modified starches exported from Denmark reduced modestly to X tons, falling by -1.5% against 2020 figures. Overall, exports saw a slight downturn. The growth pace was the most rapid in 2013 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports stood at $X in 2021. Over the period under review, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 35% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for starch glue exports from Denmark, accounting for a 92% share of total exports. Moreover, starch glue exports to Sweden exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-1.5% per year) and China (-62.5% per year).

In value terms, Sweden ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Denmark, comprising 77% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-2.1% per year) and China (-60.4% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, surging by 6.1% against the previous year. In general, the export price, however, saw a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 China (+5.9%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Denmark

In 2021, overseas purchases of glues based on starches, dextrins or other modified starches increased by 23% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +50.2% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of 35%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, starch glue imports soared to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 55% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Sweden (X tons) were the main suppliers of starch glue imports to Denmark, with a combined 80% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +175.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue suppliers to Denmark were Germany ($X), the Czech Republic ($X) and Sweden ($X), together comprising 84% of total imports.

The Czech Republic, with a CAGR of +201.7%, recorded 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

In 2021, the average starch glue import price amounted to $X per ton, rising by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($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 Czech Republic (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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