Russian Federation: Starch Glue Market 2024

Starch Glue Market Size in the Russian Federation

The Russian starch glue market reached $X in 2021, picking up by 5% 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). Overall, consumption, however, continues to indicate a pronounced slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Starch Glue Exports

Exports from the Russian Federation

After two years of decline, shipments abroad of glues based on starches, dextrins or other modified starches increased by 1.2% to X tons in 2021. Overall, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.6% 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 decreased by -32.9% against 2018 indices. The growth pace was the most rapid in 2018 when exports increased by 106% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, starch glue exports shrank slightly to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +33.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 89%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Uzbekistan (X tons) and Ukraine (X tons) were the main destinations of starch glue exports from Russia, together accounting for 68% of total exports. Kazakhstan, Armenia, Kyrgyzstan and Azerbaijan lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +67.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Uzbekistan ($X) and Belarus ($X) were the largest markets for starch glue exported from Russia worldwide, with a combined 65% share of total exports. These countries were followed by Kazakhstan, Armenia, Azerbaijan and Kyrgyzstan, which together accounted for a further 31%.

Kyrgyzstan, with a CAGR of +54.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, dropping by -5% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, starch glue export price increased by +80.8% against 2018 indices. The growth pace was the most rapid in 2020 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus ($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 (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Starch Glue Imports

Imports into the Russian Federation

In 2021, imports of glues based on starches, dextrins or other modified starches into Russia stood at X tons, picking up by 2.8% on the year before. Overall, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2016 when imports increased by 10% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, starch glue imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2013 with an increase of 15%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of starch glue imports to Russia, with a combined 72% share of total imports. These countries were followed by Austria, Turkey and Italy, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +55.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Netherlands ($X) and Germany ($X) were the largest starch glue suppliers to Russia, together accounting for 83% of total imports. These countries were followed by Austria, Turkey and Italy, which together accounted for a further 14%.

In terms of the main suppliers, Austria, with a CAGR of +54.5%, recorded the highest growth rate of 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, picking up by 3% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The growth pace was the most rapid in 2017 an increase of 18%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :