Ghana: Starch Glue Market 2025

Starch Glue Market Size in Ghana

In 2021, the Ghanian starch glue market increased by 1.1% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption posted a resilient expansion. Starch glue consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Production in Ghana

In value terms, starch glue production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 100%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Starch Glue Exports

Exports from Ghana

In 2021, shipments abroad of glues based on starches, dextrins or other modified starches decreased by -0.5% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 6,915% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, starch glue exports amounted to $X in 2021. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 8,457% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X tons), Nigeria (X tons) and Burkina Faso (X tons) were the main destinations of starch glue exports from Ghana, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Nigeria (with a CAGR of +27.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Ghana, comprising 66% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 31% share of total exports. It was followed by Burkina Faso, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+39.3% per year) and Burkina Faso (+7.4% per year).

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the export price showed prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 75%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Mali ($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 Togo (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Ghana

In 2021, supplies from abroad of glues based on starches, dextrins or other modified starches increased by 13% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 433% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, starch glue imports rose sharply to $X in 2021. In general, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 196%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Indonesia (X tons), Germany (X tons) and China (X tons) were the main suppliers of starch glue imports to Ghana, together comprising 57% of total imports. Egypt, Malaysia, Lebanon, Singapore, the United States, Israel and Belgium lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +140.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Ghana, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Indonesia totaled +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and China (-7.1% per year).

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, which is down by -4.5% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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