GCC: Starch Glue Market 2024

Starch Glue Market Size in GCC

The GCC starch glue market soared to $X in 2023, jumping by X% against the previous year. Overall, consumption saw prominent growth. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Starch Glue Production in GCC

In value terms, starch glue production rose markedly to $X in 2023 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Starch Glue Exports

Exports in GCC

In 2023, after two years of growth, there was significant decline in shipments abroad of glues based on starches, dextrins or other modified starches, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then shrank sharply in the following year.

In value terms, starch glue exports reduced to $X in 2023. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

Saudi Arabia dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. The United Arab Emirates (X tons) held a little share of total exports.

Saudi Arabia 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. The United Arab Emirates (X%) illustrated a downward trend over the same period. Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Saudi Arabia ($X) remains the largest starch glue supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a pronounced decline. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

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

Starch Glue Imports

Imports in GCC

In 2023, the amount of glues based on starches, dextrins or other modified starches imported in GCC soared to X tons, jumping by X% compared with the previous year. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, starch glue imports soared to $X in 2023. In general, imports posted a tangible expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

Kuwait dominates imports structure, reaching X tons, which was near X% of total imports in 2023. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%) and Qatar (X%). Oman (X tons) took a relatively small share of total imports.

Kuwait 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. At the same time, Oman (X%), Qatar (X%), Bahrain (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In Kuwait, starch glue imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform