Egypt: Starch Glue Market 2024

Starch Glue Market Size in Egypt

In 2021, after two years of growth, there was significant decline in the Egyptian starch glue market, when its value decreased by -84.5% to $X. Overall, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X, and then reduced remarkably in the following year.

Starch Glue Production in Egypt

In value terms, starch glue production reduced to $X in 2021 estimated in export price. In general, production, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 100% against the previous year. Starch glue production peaked at $X in 2020, and then contracted in the following year.

Starch Glue Exports

Exports from Egypt

In 2021, the amount of glues based on starches, dextrins or other modified starches exported from Egypt skyrocketed to X tons, rising by 56% against the previous year's figure. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2017 when exports increased by 16,026% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, starch glue exports fell modestly to $X in 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 12,511%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined slightly in the following year.

Exports by Country

Turkey (X tons) was the main destination for starch glue exports from Egypt, with a 40% share of total exports. Moreover, starch glue exports to Turkey exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The third position in this ranking was taken by Algeria (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey amounted to +264.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+59.4% per year) and Algeria (+343.3% per year).

In value terms, Turkey ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Egypt, comprising 39% of total exports. The second position in the ranking was held by South Africa ($X), with a 12% share of total exports. It was followed by Algeria, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Turkey stood at +236.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+19.6% per year) and Algeria (+202.9% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, reducing by -36.4% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 170%. As a result, the export price attained the peak level of $X per ton. From 2017 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 Nigeria ($X per ton), while the average price for exports to Pakistan ($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 Italy (-2.9%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Egypt

In 2021, imports of glues based on starches, dextrins or other modified starches into Egypt surged to X tons, jumping by 19% on the previous year's figure. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2016 with an increase of 106% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, starch glue imports skyrocketed to $X in 2021. Overall, imports saw a noticeable expansion. The pace of growth was the most pronounced in 2017 with an increase of 89%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest starch glue supplier to Egypt, accounting for a 41% share of total imports. Moreover, starch glue imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+31.2% per year) and China (+39.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Egypt, comprising 40% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.3% per year) and China (+35.0% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, increasing by 16% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were China ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+16.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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