EU: Starch Glue Market 2024

Starch Glue Market Size in the EU

In 2021, the EU starch glue market increased by 4.6% to $X, rising for the second consecutive year after three years of decline. Overall, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9.5% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Starch Glue Production in the EU

In value terms, starch glue production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Starch Glue Exports

Exports in the EU

In 2021, exports of glues based on starches, dextrins or other modified starches in the European Union rose notably to X tons, surging by 13% against 2020. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.4% against 2014 indices. The pace of growth was the most pronounced in 2017 when exports increased by 20% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, starch glue exports surged to $X in 2021. Total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 28%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany dominates exports structure, recording X tons, which was approx. 59% of total exports in 2021. The Czech Republic (X tons) held an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (7.5%) and Austria (7.2%). The following exporters - Belgium (X tons), Sweden (X tons) and Italy (X tons) - together made up 9.4% of total exports.

Exports from Germany increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, the Czech Republic (+69.7%), Belgium (+14.5%), Italy (+11.3%), Austria (+8.5%) and the Netherlands (+5.2%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +69.7% from 2012-2021. By contrast, Sweden (-1.1%) illustrated a downward trend over the same period. While the share of the Czech Republic (+8.6 p.p.) and Belgium (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-3.2 p.p.) and Germany (-5.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest starch glue supplier in the European Union, comprising 50% of total exports. The second position in the ranking was held by Austria ($X), with a 9.9% share of total exports. It was followed by the Netherlands, with a 9.6% share.

In Germany, starch glue exports expanded at an average annual rate of +3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Austria (+10.1% per year) and the Netherlands (+8.4% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 4.2% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 15%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the Czech Republic ($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 Netherlands (+3.0%), while the other leaders experienced mixed trends in the export price figures.

Starch Glue Imports

Imports in the EU

Starch glue imports skyrocketed to X tons in 2021, growing by 24% compared with 2020 figures. The total import volume increased at an average annual rate of +5.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch glue imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), France (X tons), Sweden (X tons), Poland (X tons), the Netherlands (X tons), Germany (X tons), Italy (X tons), Austria (X tons), Spain (X tons), Belgium (X tons), Greece (X tons) and Finland (X tons) represented roughly 89% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Czech Republic (with a CAGR of +31.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue importing markets in the European Union were Poland ($X), France ($X) and the Czech Republic ($X), together comprising 38% of total imports.

Among the main importing countries, the Czech Republic, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, picking up by 4.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Czech Republic ($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 Netherlands (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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