Israel: Starch Glue Market 2024

Starch Glue Market Size in Israel

In 2021, the Israeli starch glue market was finally on the rise to reach $X after five years of decline. Over the period under review, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Starch Glue Production in Israel

In value terms, starch glue production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by 38%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Starch Glue Exports

Exports from Israel

In 2021, exports of glues based on starches, dextrins or other modified starches from Israel skyrocketed to X tons, rising by 76% compared with the previous year. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when exports increased by 291% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, starch glue exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 328%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for starch glue exports from Israel, with a 57% share of total exports. Moreover, starch glue exports to Portugal exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Kenya (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Portugal stood at +326.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+48.1% per year) and Kenya (+9.6% per year).

In value terms, Portugal ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Israel, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Kenya, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Portugal stood at +333.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.7% per year) and Kenya (+4.1% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, picking up by 2.9% against the previous year. Overall, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the average price for exports to China ($X per ton) and Hungary ($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 Colombia (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Israel

In 2021, supplies from abroad of glues based on starches, dextrins or other modified starches increased by 36% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a perceptible increase. The pace of growth appeared the most rapid in 2017 with an increase of 104%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, starch glue imports soared to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 87% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of starch glue imports to Israel, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +29.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and the Netherlands ($X) constituted the largest starch glue suppliers to Israel, together comprising 81% of total imports.

Turkey, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 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 the United States ($X per ton) and Turkey ($X per ton), while the price for Switzerland ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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