Slovakia: Starch Glue Market 2024

Starch Glue Market Size in Slovakia

The Slovak starch glue market skyrocketed to $X in 2021, growing by 445% 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 saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Exports

Exports from Slovakia

In 2019, approx. X tons of glues based on starches, dextrins or other modified starches were exported from Slovakia; with a decrease of -25.4% against 2018 figures. Over the period under review, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 108%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, starch glue exports expanded significantly to $X in 2019. Overall, exports recorded a perceptible setback. The growth pace was the most rapid in 2016 when exports increased by 108% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for starch glue exports from Slovakia, with a 56% share of total exports. Moreover, starch glue exports to Ukraine exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2019, the average annual growth rate of volume to Ukraine totaled +71.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.8% per year) and Hungary (+14.7% per year).

In value terms, Ukraine ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest markets for starch glue exported from Slovakia worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Ukraine, with a CAGR of +56.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average starch glue export price stood at $X per ton in 2019, jumping by 53% against the previous year. Over the last seven-year period, it increased at an average annual rate of +1.4%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+6.9%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Slovakia

After four years of decline, purchases abroad of glues based on starches, dextrins or other modified starches increased by 680% to X tons in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, starch glue imports soared to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest starch glue supplier to Slovakia, with a 82% share of total imports. Moreover, starch glue imports from Bulgaria exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria amounted to +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+21.6% per year) and Austria (-21.1% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Slovakia, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Austria, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Bulgaria stood at +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.2% per year) and Austria (-17.5% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, reducing by -44.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 68%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($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 (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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