Australia and Oceania: Starch Glue Market 2024

Starch Glue Market Size in Australia and Oceania

The starch glue market in Australia and Oceania rose notably to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Starch Glue Production in Australia and Oceania

In value terms, starch glue production expanded markedly to $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Starch Glue Exports

Exports in Australia and Oceania

In 2023, starch glue exports in Australia and Oceania skyrocketed to X tons, picking up by X% compared with 2022 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, starch glue exports reduced notably to $X in 2023. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Fiji represented the main exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Australia (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Fiji (with a CAGR of X%).

In value terms, Australia ($X) remains the largest starch glue supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Fiji ($X), with a X% share of total exports.

In Australia, starch glue exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price showed a pronounced downturn. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Starch Glue Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of glues based on starches, dextrins or other modified starches increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced slump. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, starch glue imports skyrocketed to $X in 2023. Overall, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Fiji (X tons) and Australia (X tons) were the main importers of glues based on starches, dextrins or other modified starches in 2023, reaching near X% and X% of total imports, respectively. Papua New Guinea (X tons) took the next position in the ranking, followed by New Zealand (X tons). All these countries together took near X% share of total imports. Solomon Islands (X tons), Vanuatu (X tons) and Tonga (X tons) followed a long way behind the leaders.

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

In value terms, Australia ($X), Fiji ($X) and Papua New Guinea ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. New Zealand, Vanuatu, Tonga and Solomon Islands lagged somewhat behind, together comprising a further X%.

Vanuatu, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Australia and Oceania stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Solomon Islands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform