Kazakhstan: Starch Glue Market 2024

Starch Glue Market Size in Kazakhstan

The Kazakh starch glue market expanded rapidly to $X in 2021, increasing by 9.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a slight decrease. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Starch Glue Exports

Exports from Kazakhstan

In 2021, overseas shipments of glues based on starches, dextrins or other modified starches increased by 146% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 787% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports surged to $X in 2021. In general, exports showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 685% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Kyrgyzstan (X tons) was the main destination for starch glue exports from Kazakhstan, with a 71% share of total exports. Moreover, starch glue exports to Kyrgyzstan exceeded the volume sent to the second major destination, Russia (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kyrgyzstan stood at +27.3%.

In value terms, Kyrgyzstan ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Kazakhstan, comprising 94% of total exports. The second position in the ranking was taken by Russia ($X), with a 6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Kyrgyzstan totaled +44.1%.

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, with an increase of 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2017 an increase of 13%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+13.2%).

Starch Glue Imports

Imports into Kazakhstan

In 2021, imports of glues based on starches, dextrins or other modified starches into Kazakhstan expanded slightly to X tons, with an increase of 3.5% on the year before. Overall, imports, however, saw a mild descent. The pace of growth appeared the most rapid in 2019 with an increase of 779% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, starch glue imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 663% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest starch glue supplier to Kazakhstan, with a 63% share of total imports. Moreover, starch glue imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+12.5% per year) and the UK (-15.3% per year).

In value terms, China ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Kazakhstan, comprising 53% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Ukraine, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+12.5% per year) and Ukraine (-7.6% per year).

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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