Asia-Pacific: Starch Glue Market 2024

Starch Glue Market Size in Asia-Pacific

The Asia-Pacific starch glue market totaled $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Starch Glue Production in Asia-Pacific

In value terms, starch glue production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Starch Glue Exports

Exports in Asia-Pacific

In 2022, starch glue exports in Asia-Pacific expanded slightly to X tons, increasing by X% on 2021 figures. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, starch glue exports reached $X in 2022. In general, exports posted a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the main exporter of glues based on starches, dextrins or other modified starches, generating X% of total exports. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%) and India (X%). The following exporters - Vietnam (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), India (X%), Malaysia (X%), Thailand (X%), Japan (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.), Malaysia (X p.p.), Taiwan (Chinese) (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. India, Japan, Taiwan (Chinese) and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Vietnam, with a CAGR of X%, recorded 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-Pacific stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible decline. The pace of growth appeared the most rapid 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 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Starch Glue Imports

Imports in Asia-Pacific

In 2022, purchases abroad of glues based on starches, dextrins or other modified starches increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, starch glue imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Cambodia (X tons) was the key importer of glues based on starches, dextrins or other modified starches, committing X% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%), India (X%) and Thailand (X%). The following importers - Singapore (X tons) and Malaysia (X tons) - each resulted at a X% share of total imports.

Cambodia was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), India (X%), Malaysia (X%), Indonesia (X%), Vietnam (X%) and Thailand (X%) displayed positive paces of growth. From 2012 to 2022, the share of Cambodia and India increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch glue importing markets in Asia-Pacific were Cambodia ($X), Indonesia ($X) and Thailand ($X), together accounting for X% of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, saw a mild decline. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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