U.S.: Starch Glue Market 2024

Starch Glue Market Size in the U.S.

The U.S. starch glue market totaled $X in 2021, approximately mirroring the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Starch Glue Production in the U.S.

In value terms, starch glue production rose to $X in 2021. In general, the total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 -1.8% against 2019 indices. The growth pace was the most rapid in 2018 when the production volume increased by 32% against the previous year. Starch glue production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Starch Glue Exports

Exports from the U.S.

In 2021, starch glue exports from the United States skyrocketed to X tons, with an increase of 43% compared with 2020 figures. Overall, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 83%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, starch glue exports soared to $X in 2021. Over the period under review, exports enjoyed a modest expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for starch glue exports from the United States, accounting for a 55% share of total exports. Moreover, starch glue exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-5.5% per year) and Indonesia (+27.0% per year).

In value terms, Mexico ($X) remains the key foreign market for glues based on starches, dextrins or other modified starches exports from the United States, comprising 61% of total exports. The second position in the ranking was held by Canada ($X), with a 17% share of total exports. It was followed by Malaysia, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to Mexico amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-0.8% per year) and Malaysia (+46.0% per year).

Export Prices by Country

The average starch glue export price stood at $X per ton in 2021, growing by 49% against the previous year. Over the period under review, the export price enjoyed a measured expansion. The pace of growth was the most pronounced in 2016 an increase of 56%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($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 Taiwan (Chinese) (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into the U.S.

Starch glue imports into the United States surged to X tons in 2021, picking up by 34% compared with the previous year's figure. Overall, imports showed resilient growth. The growth pace was the most rapid in 2015 when imports increased by 121%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, starch glue imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 134% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of starch glue to the United States, with a 63% share of total imports. Moreover, starch glue imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Canada (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +49.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.0% per year) and Canada (-5.6% per year).

In value terms, Austria ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to the United States, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Canada, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.6% per year) and Canada (-1.1% per year).

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, increasing by 5.5% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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