Eastern Asia: Starch Glue Market 2024

Starch Glue Market Size in Eastern Asia

The East Asian starch glue market expanded slightly 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; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Starch Glue Production in Eastern Asia

In value terms, starch glue production expanded modestly 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 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Starch Glue Exports

Exports in Eastern Asia

In 2023, approx. X tons of glues based on starches, dextrins or other modified starches were exported in Eastern Asia; rising by X% on the previous year's figure. Over the period under review, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch glue exports surged to $X in 2023. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest starch glue supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China amounted to $X per ton.

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

Starch Glue Imports

Imports in Eastern Asia

In 2023, imports of glues based on starches, dextrins or other modified starches in Eastern Asia reduced to X tons, declining by X% compared with 2022. Over the period under review, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports remained at a lower figure.

In value terms, starch glue imports shrank modestly to $X in 2023. In general, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Taiwan (Chinese) (X tons) represented the largest importer of glues based on starches, dextrins or other modified starches, achieving X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and South Korea (X%).

Taiwan (Chinese) 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 2023. South Korea experienced a relatively flat trend pattern. Japan (X%) and China (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), Japan (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded 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 a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked 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 China ($X per ton), while Taiwan (Chinese) ($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.

Source: IndexBox Platform