Poland: Starch Glue Market 2024

Starch Glue Market Size in Poland

For the fifth consecutive year, the Polish starch glue market recorded growth in sales value, which increased by 40% to $X in 2021. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Starch Glue Production in Poland

In value terms, starch glue production rose significantly to $X in 2021 estimated in export price. In general, production, however, faced a abrupt setback. Starch glue production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from Poland

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were exported from Poland; reducing by -16.6% on 2020 figures. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.9% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 89% against the previous year. The exports peaked at X tons in 2020, and then declined sharply in the following year.

In value terms, starch glue exports shrank rapidly to $X in 2021. In general, exports saw a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons), Belarus (X tons) and Denmark (X tons) were the main destinations of starch glue exports from Poland, with a combined 80% share of total exports. France, Turkey and Ukraine lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +240.6%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Poland, comprising 60% of total exports. The second position in the ranking was taken by Belarus ($X), with a 19% share of total exports. It was followed by France, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+16.7% per year) and France (-5.0% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 an increase of 8.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Russia ($X per ton), while the average price for exports to Denmark ($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 Ukraine (-2.6%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Poland

Starch glue imports into Poland reached X tons in 2021, increasing by 13% compared with 2020 figures. In general, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, starch glue imports soared to $X in 2021. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 75% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and the Netherlands (X tons) were the main suppliers of starch glue imports to Poland, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and the Czech Republic ($X) constituted the largest starch glue suppliers to Poland, with a combined 76% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +67.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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