Malaysia: Starch Glue Market 2024

Starch Glue Market Size in Malaysia

In 2021, the Malaysian starch glue market was finally on the rise to reach $X after four years of decline. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -33.6% against 2016 indices. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Starch Glue Production in Malaysia

In value terms, starch glue production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 30%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from Malaysia

In 2021, starch glue exports from Malaysia surged to X tons, growing by 61% against the previous year. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports soared to $X in 2021. Overall, total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 58% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for starch glue exports from Malaysia, accounting for a 56% share of total exports. Moreover, starch glue exports to Indonesia exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Vietnam (X tons) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia amounted to +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.5% per year) and Vietnam (+36.8% per year).

In value terms, Indonesia ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Malaysia, comprising 51% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by Canada, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-4.8% per year) and Canada (+15.0% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, with a decrease of -5.4% against the previous year. In general, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Nigeria ($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 Liberia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Starch Glue Imports

Imports into Malaysia

In 2021, starch glue imports into Malaysia skyrocketed to X tons, with an increase of 427% compared with 2020 figures. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 857%. 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. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 645% against the previous year. As a result, imports reached 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 Malaysia, accounting for a 69% share of total imports. Moreover, starch glue imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +44.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+9.4% per year) and Vietnam (+67.9% per year).

In value terms, China ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Malaysia, comprising 45% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +45.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.2% per year) and South Korea (+65.8% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, dropping by -22.8% against the previous year. In general, the import price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 30%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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