Germany: Starch Glue Market 2024

Starch Glue Market Size in Germany

In 2021, the German starch glue market decreased by -30.1% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a deep setback. Starch glue consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Starch Glue Production in Germany

In value terms, starch glue production expanded to $X in 2021 estimated in export price. In general, production recorded a perceptible curtailment. The growth pace was the most rapid in 2018 when the production volume increased by 10%. Starch glue production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Starch Glue Exports

Exports from Germany

In 2021, exports of glues based on starches, dextrins or other modified starches from Germany rose significantly to X tons, increasing by 12% against 2020 figures. Overall, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.3% against 2013 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 18% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, starch glue exports surged to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 18%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The UK (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of starch glue exports from Germany, together comprising 44% of total exports. These countries were followed by Austria, Mexico, the United States, Poland, the Czech Republic, Switzerland, Spain, Finland, Sweden and Italy, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +88.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch glue exported from Germany were the UK ($X), France ($X) and the Netherlands ($X), together accounting for 41% of total exports. Austria, Mexico, Poland, the United States, Spain, the Czech Republic, Switzerland, Finland, Sweden and Italy lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, the United States, with a CAGR of +62.7%, saw the highest rates of growth with regard to 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, rising by 3.2% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 9.8%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the United States ($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 Poland (+2.9%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Germany

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were imported into Germany; dropping by -18.1% on 2020. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 51%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, starch glue imports contracted modestly to $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, imports hit record highs at $X in 2020, and then declined slightly in the following year.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of starch glue to Germany, with a 57% share of total imports. Moreover, starch glue imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Serbia (X tons) ranked third in terms of total imports with a 6.4% 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: Belgium (+0.0% per year) and Serbia (+603.9% per year).

In value terms, the Netherlands ($X), Belgium ($X) and the UK ($X) appeared to be the largest starch glue suppliers to Germany, with a combined 80% share of total imports. Hungary, Serbia, Italy, France and Austria lagged somewhat behind, together accounting for a further 14%.

Serbia, with a CAGR of +931.1%, 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

In 2021, the average starch glue import price amounted to $X per ton, picking up by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+46.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :