Report Update Nov 1, 2024

Nigeria - Glues Based on Starches, Dextrins or Other Modified Starches - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Starch Glue Market 2024

Starch Glue Market Size in Nigeria

In 2021, after two years of growth, there was significant decline in the Nigerien starch glue market, when its value decreased by -66.3% to $X. Over the period under review, consumption showed a noticeable shrinkage. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Starch Glue Exports

Exports from Nigeria

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were exported from Nigeria; with a decrease of -93.4% compared with the previous year. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 275% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports shrank notably to $X in 2021. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by 128%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for starch glue exports from Nigeria, with a 65% share of total exports. Moreover, starch glue exports to Benin exceeded the volume sent to the second major destination, Cote d'Ivoire (X kg), twofold. The third position in this ranking was held by Gambia (X kg), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Benin stood at +65.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+6.9% per year) and Gambia (-5.0% per year).

In value terms, Cote d'Ivoire ($X), Benin ($X) and Sao Tome and Principe ($X) constituted the largest markets for starch glue exported from Nigeria worldwide, with a combined 98% share of total exports.

In terms of the main countries of destination, Benin, with a CAGR of +47.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, increasing by 133% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Sao Tome and Principe ($X per ton), while the average price for exports to Gambia ($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 Angola (+48.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Nigeria

After two years of growth, overseas purchases of glues based on starches, dextrins or other modified starches decreased by -73.6% to X tons in 2021. Over the period under review, imports, however, recorded measured growth. The growth pace was the most rapid in 2020 when imports increased by 239% against the previous year. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, starch glue imports dropped sharply to $X in 2021. In general, imports showed a perceptible slump. The pace of growth was the most pronounced in 2020 with an increase of 259% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of starch glue to Nigeria, accounting for a 71% share of total imports. Moreover, starch glue imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+35.2% per year) and Germany (+24.0% per year).

In value terms, China ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Nigeria, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.9% per year) and Egypt (+24.4% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, rising by 51% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for glues based on starches, dextrins or other modified starches in the world?

The countries with the highest volumes of starch glue consumption in 2020 were China, the U.S. and India, with a combined 39% share of global consumption. Italy, Turkey, Japan, Russia, Brazil, Germany, Thailand, South Korea and Iran lagged somewhat behind, together comprising a further 35%.

What are the largest producers of glues based on starches, dextrins or other modified starches in the world?

China remains the largest starch glue producing country worldwide, comprising approx. 22% of total volume. Moreover, starch glue production in China exceeded the figures recorded by the second-largest producer, the U.S., twofold. Germany ranked third in terms of total production with a 9% share.

What are the leading suppliers of glues based on starches, dextrins or other modified starches to Nigeria?

In value terms, China constituted the largest supplier of starch glue to Nigeria, comprising 83% of total imports. The second position in the ranking was occupied by Germany, with a 8.3% share of total imports.

What are the leading importers of glues based on starches, dextrins or other modified starches from Nigeria?

In value terms, Niger, Burkina Faso and Gambia $313) were the largest markets for starch glue exported from Nigeria worldwide, with a combined 97% share of total exports.

What is the average export price for glues based on starches, dextrins or other modified starches in Nigeria?

The average starch glue export price stood at $526 per ton in 2020, growing by 19% against the previous year.

What is the average import price for glues based on starches, dextrins or other modified starches in Nigeria?

In 2020, the average starch glue import price amounted to $755 per ton, increasing by 5.4% against the previous year.

This report provides an in-depth analysis of the starch glue market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20521060 - Glues based on starches, dextrins or other modified starches

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023