Japan: Starch Glue Market 2024

Starch Glue Market Size in Japan

In 2021, the Japanese starch glue market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Starch Glue Production in Japan

In value terms, starch glue production totaled $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Starch Glue Exports

Exports from Japan

In 2021, overseas shipments of glues based on starches, dextrins or other modified starches increased by 8% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 27%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports surged to $X in 2021. Overall, total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 25%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland (X tons), China (X tons) and South Korea (X tons) were the main destinations of starch glue exports from Japan, with a combined 92% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +47.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Japan, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Vietnam, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value to Poland amounted to +44.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.7% per year) and Vietnam (+11.1% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2020 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 Thailand (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Japan

In 2021, after two years of decline, there was significant growth in purchases abroad of glues based on starches, dextrins or other modified starches, when their volume increased by 28% to X tons. Overall, imports, however, recorded a deep downturn. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, starch glue imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible downturn. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main starch glue supplier to Japan, with a 98% share of total imports. It was followed by China (X tons), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +6.7%.

In value terms, the United States ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Japan, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +6.6%.

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, dropping by -5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2019 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :