CIS: Starch Glue Market 2024

Starch Glue Exports

Exports in CIS

In 2023, overseas shipments of glues based on starches, dextrins or other modified starches decreased by less than X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate slight growth. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, starch glue exports dropped to $X in 2023. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X tons) represented the largest exporter of glues based on starches, dextrins or other modified starches, generating X% of total exports. Belarus (X tons) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%).

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest starch glue supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, starch glue exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price saw a mild reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Starch Glue Imports

Imports in CIS

In 2023, overseas purchases of glues based on starches, dextrins or other modified starches were finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, starch glue imports surged to $X in 2023. Overall, imports, however, showed a slight setback. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

Russia represented the largest importer of glues based on starches, dextrins or other modified starches in the CIS, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by Uzbekistan (X tons) and Belarus (X tons), together creating a X% share of total imports. Azerbaijan (X tons), Kazakhstan (X tons) and Kyrgyzstan (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to starch glue imports into Russia stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Azerbaijan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. While the share of Uzbekistan (X p.p.), Azerbaijan (X p.p.), Belarus (X p.p.) and Kyrgyzstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in the CIS, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a slight decline. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform