Eastern Europe: Starch Glue Market 2024

Starch Glue Market Size in Eastern Europe

The East European starch glue market expanded rapidly to $X in 2023, surging 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 remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the immediate term.

Starch Glue Production in Eastern Europe

In value terms, starch glue production amounted to $X in 2023 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Starch Glue Exports

Exports in Eastern Europe

In 2023, overseas shipments of glues based on starches, dextrins or other modified starches decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, starch glue exports dropped to $X in 2023. Overall, exports, however, continue to indicate a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) and Ukraine (X tons) were the major exporters of glues based on starches, dextrins or other modified starches in 2023, finishing at near X% and X% of total exports, respectively. Poland (X tons) ranks next in terms of the total exports with a X% share, followed by Romania (X%). Bulgaria (X tons), Lithuania (X tons) and Russia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest starch glue supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Ukraine ($X), together accounting for X% of total exports.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Starch Glue Imports

Imports in Eastern Europe

In 2023, approx. X tons of glues based on starches, dextrins or other modified starches were imported in Eastern Europe; growing by X% compared with the year before. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, starch glue imports rose rapidly to $X in 2023. Total imports indicated a moderate 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, Poland (X tons) was the major importer of glues based on starches, dextrins or other modified starches, creating X% of total imports. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Russia (X tons). All these countries together held near X% share of total imports. Lithuania (X tons), Hungary (X tons), Ukraine (X tons) and Belarus (X tons) followed a long way behind the leaders.

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

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

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 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 Russia ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform