Asia: Starch Glue Market 2024

Starch Glue Market Size in Asia

The Asian starch glue market amounted to $X in 2023, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Starch Glue Production in Asia

In value terms, starch glue production expanded slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

Starch Glue Exports

Exports in Asia

Starch glue exports totaled X tons in 2023, approximately equating the previous year. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, starch glue exports soared to $X in 2023. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia represented the main exporting country with an export of around X tons, which accounted for X% of total exports. China (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together held near X% share of total exports. Malaysia (X tons), Turkey (X tons), India (X tons), Singapore (X tons) and Iran (X tons) held a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Starch Glue Imports

Imports in Asia

In 2023, the amount of glues based on starches, dextrins or other modified starches imported in Asia skyrocketed to X tons, increasing by X% compared with 2022. Total imports indicated noticeable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, starch glue imports amounted to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports remained at a lower figure.

Imports by Country

Kuwait was the largest importer of glues based on starches, dextrins or other modified starches in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by Thailand (X%), Indonesia (X%), India (X%) and Malaysia (X%). The United Arab Emirates (X tons), Turkey (X tons), Bahrain (X tons), Singapore (X tons), Qatar (X tons), Uzbekistan (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to starch glue imports into Kuwait stood at X%. At the same time, Uzbekistan (X%), Iraq (X%), Singapore (X%), Qatar (X%), India (X%), Bahrain (X%), the United Arab Emirates (X%), Malaysia (X%), Thailand (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Uzbekistan (X p.p.), India (X p.p.), Singapore (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch glue importing markets in Asia were Thailand ($X), India ($X) and Kuwait ($X), with a combined X% share of total imports. Indonesia, Malaysia, Vietnam, Turkey, the United Arab Emirates, Singapore, Uzbekistan, Qatar, Iraq and Bahrain lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood 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 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform