Sweden: Starch Glue Market 2024

Starch Glue Market Size in Sweden

In 2021, the Swedish starch glue market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Starch Glue Production in Sweden

In value terms, starch glue production totaled $X in 2021 estimated in export price. In general, production, however, recorded a dramatic decrease. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from Sweden

Starch glue exports from Sweden expanded markedly to X tons in 2021, increasing by 7.4% compared with 2020. Over the period under review, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2019 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, starch glue exports stood at $X in 2021. In general, exports, however, continue to indicate a pronounced descent. The growth pace was the most rapid in 2018 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Finland (X tons) and Poland (X tons) were the main destinations of starch glue exports from Sweden, together comprising 66% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +48.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from Sweden, comprising 38% of total exports. The second position in the ranking was taken by Finland ($X), with a 17% share of total exports. It was followed by Norway, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-5.6% per year) and Norway (-8.2% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, dropping by -6% against the previous year. In general, the export price showed a slight slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Belgium (-0.4%), while the prices for the other major destinations experienced a decline.

Starch Glue Imports

Imports into Sweden

In 2021, supplies from abroad of glues based on starches, dextrins or other modified starches increased by 112% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded buoyant 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. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest starch glue supplier to Sweden, with a 73% share of total imports. Moreover, starch glue imports from France exceeded the figures recorded by the second-largest supplier, Denmark (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-1.8% per year) and Germany (-4.3% per year).

In value terms, France ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Sweden, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +28.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Denmark (-1.5% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, surging by 2.8% against the previous year. Overall, the import price, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of 21%. The import price peaked at $X per ton in 2012; however, from 2013 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 Finland ($X per ton), while the price for France ($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 (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :