Greece: Starch Glue Market 2024

Starch Glue Market Size in Greece

The Greek starch glue market dropped dramatically to $X in 2023, reducing by X% against the previous year. Over the period under review, the total consumption indicated pronounced growth 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, consumption decreased by X% against 2018 indices. Starch glue consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Starch Glue Production in Greece

In value terms, starch glue production totaled $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Starch glue production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Starch Glue Exports

Exports from Greece

For the third consecutive year, Greece recorded growth in overseas shipments of glues based on starches, dextrins or other modified starches, which increased by X% to X tons in 2023. Overall, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in years to come.

In value terms, starch glue exports soared to $X in 2023. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons), Cyprus (X tons) and the Czech Republic (X tons) were the main destinations of starch glue exports from Greece, with a combined X% share of total exports. France, Italy, Turkey and Bulgaria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for starch glue exported from Greece were Poland ($X), Cyprus ($X) and the Czech Republic ($X), together comprising X% of total exports. France, Italy, Turkey and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch glue export price stood at $X per ton in 2023, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Greece

In 2023, the amount of glues based on starches, dextrins or other modified starches imported into Greece declined remarkably to X tons, waning by X% against the previous year's figure. Overall, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, starch glue imports declined rapidly to $X in 2023. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

In 2023, Germany (X tons) constituted the largest starch glue supplier to Greece, with a X% share of total imports. Moreover, starch glue imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of glues based on starches, dextrins or other modified starches to Greece, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average starch glue import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2023: its price 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, starch glue import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform