Indonesia: Starch Glue Market 2024

Starch Glue Market Size in Indonesia

In 2023, the Indonesian starch glue market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption saw a deep slump. Starch glue consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Starch Glue Exports

Exports from Indonesia

In 2023, exports of glues based on starches, dextrins or other modified starches from Indonesia reduced rapidly to X tons, with a decrease of X% on 2022. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, starch glue exports declined markedly to $X in 2023. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Singapore (X tons) was the main destination for starch glue exports from Indonesia, with a X% share of total exports. Moreover, starch glue exports to Singapore exceeded the volume sent to the second major destination, Timor-Leste (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Singapore amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for starch glue exported from Indonesia were Vietnam ($X), Brunei Darussalam ($X) and Singapore ($X), together accounting for X% of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by X% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Timor-Leste ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Indonesia

In 2023, supplies from abroad of glues based on starches, dextrins or other modified starches decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, starch glue imports shrank to $X in 2023. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X tons) constituted the largest supplier of starch glue to Indonesia, with a X% share of total imports. Moreover, starch glue imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the average starch glue import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform