Scandinavia: Starch Glue Market 2025

Starch Glue Market Size in Scandinavia

In 2021, after three years of decline, there was significant growth in the Scandinavia starch glue market, when its value increased by 97% to $X. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Starch Glue Production in Scandinavia

In value terms, starch glue production rose modestly to $X in 2021 estimated in export price. In general, production, however, faced a drastic downturn. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Starch Glue Exports

Exports in Scandinavia

In 2021, starch glue exports in Scandinavia totaled X tons, with an increase of 4% against 2020 figures. In general, exports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when exports increased by 6.2% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports reached $X in 2021. Overall, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2014 when exports increased by 10%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden represented the main exporting country with an export of about X tons, which reached 72% of total exports. Denmark (X tons) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Finland (5.3%).

Sweden was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches exports, with a CAGR of -1.1% from 2012 to 2021. Denmark (-1.3%) and Finland (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest starch glue supplier in Scandinavia, comprising 72% of total exports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total exports.

In Sweden, starch glue exports shrank by an average annual rate of -2.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (-2.9% per year) and Finland (+0.3% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth appeared the most rapid in 2017 when the export price increased by 16%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.0%), while the other leaders experienced a decline in the export price figures.

Starch Glue Imports

Imports in Scandinavia

In 2021, purchases abroad of glues based on starches, dextrins or other modified starches increased by 74% to X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch glue imports skyrocketed to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the main importer of glues based on starches, dextrins or other modified starches, creating 68% of total imports. Finland (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Denmark (11%) and Norway (9.8%).

Sweden was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches imports, with a CAGR of +14.1% from 2012 to 2021. At the same time, Denmark (+4.6%) and Norway (+3.6%) displayed positive paces of growth. By contrast, Finland (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +34 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in Scandinavia, comprising 59% of total imports. The second position in the ranking was held by Denmark ($X), with a 19% share of total imports. It was followed by Finland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +11.6%. In the other countries, the average annual rates were as follows: Denmark (+7.8% per year) and Finland (-7.9% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 8.2%. Over the period under review, 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform