Saudi Arabia: Starch Glue Market 2024

Starch Glue Market Size in Saudi Arabia

In 2021, after two years of decline, there was significant growth in the Saudi starch glue market, when its value increased by 6.5% to $X. Over the period under review, consumption showed resilient growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Starch Glue Production in Saudi Arabia

In value terms, starch glue production rose significantly to $X in 2021 estimated in export price. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. Starch glue production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Starch Glue Exports

Exports from Saudi Arabia

In 2021, approx. X tons of glues based on starches, dextrins or other modified starches were exported from Saudi Arabia; increasing by 58% against 2020. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 102%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports surged to $X in 2021. In general, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kuwait (X tons) was the main destination for starch glue exports from Saudi Arabia, with a 66% share of total exports. Moreover, starch glue exports to Kuwait exceeded the volume sent to the second major destination, Oman (X tons), fourfold. Bahrain (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Kuwait stood at +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+95.9% per year) and Bahrain (+32.8% per year).

In value terms, Kuwait ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Saudi Arabia, comprising 58% of total exports. The second position in the ranking was taken by Oman ($X), with a 14% share of total exports. It was followed by the United Arab Emirates, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Kuwait stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+112.4% per year) and the United Arab Emirates (+12.7% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, picking up by 9.7% against the previous year. In general, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 78%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while the average price for exports to Yemen ($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 the United Arab Emirates (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Saudi Arabia

In 2014, imports of glues based on starches, dextrins or other modified starches into Saudi Arabia was estimated at X tons, approximately equating the previous year. In general, imports, however, continue to indicate a deep setback. Imports peaked at X tons in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

In value terms, starch glue imports contracted to $X in 2014. Over the period under review, imports, however, recorded a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

In 2014, India (X tons) constituted the largest starch glue supplier to Saudi Arabia, accounting for a 46% share of total imports. Moreover, starch glue imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. The third position in this ranking was taken by Thailand (X tons), with an 8.5% share.

From 2012 to 2014, the average annual rate of growth in terms of volume from India stood at +100.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-21.9% per year) and Thailand (0.0% per year).

In value terms, India ($X), Belgium ($X) and the Netherlands ($X) were the largest starch glue suppliers to Saudi Arabia, together comprising 42% of total imports.

In terms of the main suppliers, India, with a CAGR of +85.4%, recorded 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

The average starch glue import price stood at $X per ton in 2014, waning by -10.9% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 0.8% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by Belgium (+50.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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