Global Starch Glue Market 2024

Starch Glue Market Size

After two years of decline, the global starch glue market increased by 1.7% to $X in 2021. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Starch Glue Production

In value terms, starch glue production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 11%. Over the period under review, global production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Starch Glue Exports

Exports

In 2021, shipments abroad of glues based on starches, dextrins or other modified starches increased by 24% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch glue exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +91.9% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 22% against the previous year. The global exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany represented the major exporting country with an export of around X tons, which recorded 36% of total exports. Egypt (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (5.7%), the Czech Republic (5.3%) and the Netherlands (4.5%). Austria (X tons), Saudi Arabia (X tons), China (X tons), the UK (X tons), Belgium (X tons), Serbia (X tons), Sweden (X tons) and Italy (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to starch glue exports from Germany stood at +5.8%. At the same time, Egypt (+86.1%), the Czech Republic (+69.7%), Ukraine (+69.5%), Serbia (+67.5%), Saudi Arabia (+18.7%), Belgium (+14.5%), China (+12.9%), Italy (+11.3%), Austria (+8.5%), the UK (+7.9%) and the Netherlands (+5.2%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in the world, with a CAGR of +86.1% from 2012-2021. By contrast, Sweden (-1.1%) illustrated a downward trend over the same period. Egypt (+12 p.p.), Ukraine (+5.6 p.p.), the Czech Republic (+5.2 p.p.), Saudi Arabia (+2.1 p.p.) and Serbia (+2 p.p.) significantly strengthened its position in terms of the global exports, while the Netherlands, Sweden and Germany saw its share reduced by -1.9%, -2.9% and -12.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest starch glue supplier worldwide, comprising 28% of global exports. The second position in the ranking was taken by Egypt ($X), with a 13% share of global exports. It was followed by Austria, with a 5.4% share.

In Germany, starch glue exports increased at an average annual rate of +3.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (+75.6% per year) and Austria (+10.1% per year).

Export Prices by Country

In 2021, the average starch glue export price amounted to $X per ton, falling by -4.8% against the previous year. In general, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2014 an increase of 9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.0%), while the other global leaders experienced more modest paces of growth.

Starch Glue Imports

Imports

In 2021, global starch glue imports skyrocketed to X tons, jumping by 16% on 2020 figures. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.7% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, starch glue imports surged to $X in 2021. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of glues based on starches, dextrins or other modified starches, namely the Czech Republic, France, Kuwait, Sweden, Poland, Mexico, the Netherlands, Russia, Indonesia, Germany, the UK and Turkey, represented more than half of total import. Thailand (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +31.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest starch glue importing markets worldwide were Thailand ($X), Indonesia ($X) and Russia ($X), together comprising 26% of global imports. Poland, France, Mexico, the Czech Republic, Sweden, the Netherlands, Germany, Turkey, the UK and Kuwait lagged somewhat behind, together accounting for a further 31%.

The Czech Republic, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average starch glue import price stood at $X per ton in 2021, flattening at the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by 3.9% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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