Southern Asia: Starch Glue Market 2025

Starch Glue Market Size in Southern Asia

In 2021, after two years of decline, there was significant growth in the South Asian starch glue market, when its value increased by 8.2% to $X. The total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.6% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Starch Glue Production in Southern Asia

In value terms, starch glue production amounted to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -19.4% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 38%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Starch Glue Exports

Exports in Southern Asia

In 2021, the amount of glues based on starches, dextrins or other modified starches exported in Southern Asia soared to X tons, rising by 63% on 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by 76% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, starch glue exports soared to $X in 2021. Total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India represented the largest exporter of glues based on starches, dextrins or other modified starches in Southern Asia, with the volume of exports resulting at X tons, which was approx. 67% of total exports in 2021. Sri Lanka (X tons) ranks second in terms of the total exports with a 19% share, followed by Afghanistan (13%).

Exports from India increased at an average annual rate of +4.5% from 2012 to 2021. At the same time, Sri Lanka (+5.1%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +5.1% from 2012-2021. By contrast, Afghanistan (-7.4%) illustrated a downward trend over the same period. Afghanistan (+13 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka and India saw its share reduced by -1.7% and -9.6% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest starch glue supplier in Southern Asia, comprising 65% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 22% share of total exports.

In India, starch glue exports expanded at an average annual rate of +1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+4.2% per year) and Afghanistan (-11.2% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -8.3% against the previous year. In general, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by 13%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.9%), while the other leaders experienced a decline in the export price figures.

Starch Glue Imports

Imports in Southern Asia

In 2021, the amount of glues based on starches, dextrins or other modified starches imported in Southern Asia soared to X tons, growing by 137% against 2020. Over the period under review, imports continue to indicate prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch glue imports soared to $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the key importer of glues based on starches, dextrins or other modified starches, creating 65% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Pakistan (X tons) and Nepal (X tons). All these countries together held near 34% share of total imports.

India was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches imports, with a CAGR of +15.4% from 2012 to 2021. At the same time, Nepal (+5.3%) displayed positive paces of growth. Pakistan experienced a relatively flat trend pattern. By contrast, Bangladesh (-1.3%) illustrated a downward trend over the same period. While the share of India (+34 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-7.2 p.p.) and Bangladesh (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in Southern Asia, comprising 69% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 13% share of total imports. It was followed by Pakistan, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +10.0%. In the other countries, the average annual rates were as follows: Bangladesh (-8.8% per year) and Pakistan (+1.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, declining by -26.5% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2020 when the import price increased by 52%. The level of import peaked 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 importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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