Portugal: Starch Glue Market 2025

Starch Glue Market Size in Portugal

In 2021, the Portuguese starch glue market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed measured growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Starch Glue Production in Portugal

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

Starch Glue Exports

Exports from Portugal

Starch glue exports from Portugal reduced markedly to X tons in 2021, waning by -32.9% compared with the previous year. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 390% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports contracted sharply to $X in 2021. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 615% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X tons) was the main destination for starch glue exports from Portugal, accounting for a 49% share of total exports. Moreover, starch glue exports to Angola exceeded the volume sent to the second major destination, Cabo Verde (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Angola amounted to -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-17.2% per year) and Spain (+38.2% per year).

In value terms, Angola ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Portugal, comprising 69% of total exports. The second position in the ranking was taken by Cabo Verde ($X), with a 12% share of total exports. It was followed by Guinea, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Angola stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cabo Verde (-15.5% per year) and Guinea (0.0% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, picking up by 8.3% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sao Tome and Principe ($X per ton), while the average price for exports to Spain ($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 Gabon (+89.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Portugal

In 2021, purchases abroad of glues based on starches, dextrins or other modified starches increased by 17% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 102% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, starch glue imports surged to $X in 2021. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 71% against the previous year. Imports peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of starch glue imports to Portugal, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +69.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue suppliers to Portugal were Italy ($X), Spain ($X) and Germany ($X), with a combined 88% share of total imports.

Italy, with a CAGR of +36.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, picking up by 20% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 44% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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