Italy: Starch Glue Market 2024

Starch Glue Market Size in Italy

In 2021, after two years of growth, there was decline in the Italian starch glue market, when its value decreased by -0.4% to $X. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Starch Glue Production in Italy

In value terms, starch glue production fell slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Starch Glue Exports

Exports from Italy

In 2021, overseas shipments of glues based on starches, dextrins or other modified starches decreased by -1.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 190% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, starch glue exports skyrocketed to $X in 2021. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2017 with an increase of 83% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Switzerland (X tons), Spain (X tons) and France (X tons) were the main destinations of starch glue exports from Italy, together comprising 35% of total exports. These countries were followed by Uzbekistan, Portugal, Turkey, Poland, China, the UK, Hong Kong SAR, the United Arab Emirates, Germany and Slovakia, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +120.6%), while the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) emerged as the key foreign market for glues based on starches, dextrins or other modified starches exports from Italy, comprising 21% of total exports. The second position in the ranking was taken by France ($X), with a 9.2% share of total exports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan amounted to +73.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.2% per year) and Turkey (+24.5% per year).

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, surging by 25% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Switzerland ($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 Portugal (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Italy

In 2021, supplies from abroad of glues based on starches, dextrins or other modified starches was finally on the rise to reach X tons after four years of decline. Over the period under review, total imports indicated a notable 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 most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, starch glue imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Spain (X tons) were the main suppliers of starch glue imports to Italy, with a combined 65% share of total imports. The UK, Belgium, Hungary, the Netherlands and China lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +108.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue suppliers to Italy were Germany ($X), Austria ($X) and the UK ($X), with a combined 62% share of total imports. Hungary, Spain, the Netherlands, Belgium and China lagged somewhat behind, together comprising a further 32%.

Belgium, with a CAGR of +78.8%, 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, jumping by 21% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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