United Arab Emirates: Starch Glue Market 2024

Starch Glue Market Size in the United Arab Emirates

In 2021, the starch glue market in the United Arab Emirates increased by 174% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Starch Glue Production in the United Arab Emirates

In value terms, starch glue production expanded markedly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 47% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in shipments abroad of glues based on starches, dextrins or other modified starches, when their volume increased by 53% to X tons. Overall, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 81% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, starch glue exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 42%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Burundi (X tons), Iraq (X tons) and Oman (X tons) were the main destinations of starch glue exports from the United Arab Emirates, with a combined 42% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Burundi (with a CAGR of +46.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch glue exported from the United Arab Emirates were Iraq ($X), Somalia ($X) and Burundi ($X), together accounting for 36% of total exports.

Somalia, with a CAGR of +53.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, with a decrease of -21.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 40% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Nigeria ($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 Saudi Arabia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into the United Arab Emirates

In 2021, imports of glues based on starches, dextrins or other modified starches into the United Arab Emirates soared to X tons, jumping by 331% compared with 2020. Overall, imports saw 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 skyrocketed to $X in 2021. Over the period under review, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of starch glue to the United Arab Emirates, with a 69% share of total imports. Moreover, starch glue imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was held by Pakistan (X tons), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia totaled +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.5% per year) and Pakistan (+52.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to the United Arab Emirates, comprising 73% of total imports. The second position in the ranking was taken by India ($X), with a 7.3% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from Saudi Arabia stood at +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and Italy (+3.9% per year).

Import Prices by Country

In 2021, the average starch glue import price amounted to $X per ton, with an increase of 30% against the previous year. Over the period under review, the import price recorded a resilient increase. The growth pace was the most rapid in 2015 when the average import price increased by 86%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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