Finland: Starch Glue Market 2024

Starch Glue Market Size in Finland

In 2021, the Finnish starch glue market increased by 30% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Production in Finland

In value terms, starch glue production contracted to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Starch Glue Exports

Exports from Finland

In 2021, shipments abroad of glues based on starches, dextrins or other modified starches decreased by -17.7% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a noticeable decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 217% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, starch glue exports expanded notably to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 160% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for starch glue exports from Finland, with a 45% share of total exports. Moreover, starch glue exports to Sweden exceeded the volume sent to the second major destination, Russia (X tons), twofold. Estonia (X tons) ranked third in terms of total exports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.6% per year) and Estonia (+7.6% per year).

In value terms, the largest markets for starch glue exported from Finland were Sweden ($X), Russia ($X) and Estonia ($X), with a combined 83% share of total exports.

Among the main countries of destination, Estonia, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, increasing by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Estonia ($X per ton) and Russia ($X per ton), while the average price for exports to Sweden ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Finland

In 2021, supplies from abroad of glues based on starches, dextrins or other modified starches increased by 38% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, starch glue imports surged to $X in 2021. In general, imports, however, showed a drastic downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Sweden (X tons) were the main suppliers of starch glue imports to Finland, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +19.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and Sweden ($X) were the largest starch glue suppliers to Finland, with a combined 95% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, falling by -4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Sweden ($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 UK (+32.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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