Norway: Starch Glue Market 2024

Starch Glue Market Size in Norway

The Norwegian starch glue market expanded notably to $X in 2021, with an increase of 13% 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, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -26.2% against 2019 indices. Starch glue consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Starch Glue Exports

Exports from Norway

In 2021, the amount of glues based on starches, dextrins or other modified starches exported from Norway surged to X tons, picking up by 375% on the year before. In general, exports recorded prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, starch glue exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 1,080% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for starch glue exports from Norway, accounting for a 77% share of total exports. Moreover, starch glue exports to Sweden exceeded the volume sent to the second major destination, Rwanda (X tons), ninefold. Denmark (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +40.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (0.0% per year) and Denmark (+5.7% per year).

In value terms, Sweden ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Norway, comprising 48% of total exports. The second position in the ranking was held by Denmark ($X), with a 23% share of total exports. It was followed by Rwanda, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Sweden amounted to +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+21.4% per year) and Rwanda (0.0% per year).

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, dropping by -46.1% against the previous year. Over the period under review, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 188%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Germany ($X per ton), while the average price for exports to Faroe Islands ($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 Denmark (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Starch Glue Imports

Imports into Norway

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were imported into Norway; rising by 19% on the year before. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, starch glue imports expanded rapidly to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of starch glue to Norway, accounting for a 77% share of total imports. Moreover, starch glue imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-2.4% per year) and the United States (+109.0% per year).

In value terms, Germany ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Norway, comprising 68% of total imports. The second position in the ranking was held by Sweden ($X), with a 20% share of total imports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-3.1% per year) and the United States (+103.4% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, which is down by -5.4% against the previous year. Over the period under review, the import price recorded a slight decrease. The growth pace was the most rapid in 2016 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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