MENA: Starch Glue Market 2024

Starch Glue Market Size in MENA

The MENA's starch glue market soared to $X in 2023, picking up by X% against the previous year. The total consumption indicated a remarkable increase 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 increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Starch Glue Production in MENA

In value terms, starch glue production expanded modestly to $X in 2023 estimated in export price. The total production indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Starch Glue Exports

Exports in MENA

In 2023, shipments abroad 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 prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, starch glue exports reduced rapidly to $X in 2023. Overall, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

In 2023, Saudi Arabia (X tons) was the major exporter of glues based on starches, dextrins or other modified starches, making up X% of total exports. Egypt (X tons) ranks second in terms of the total exports with a X% share, followed by Turkey (X%). Iran (X tons) and the United Arab Emirates (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to starch glue exports from Saudi Arabia stood at X%. At the same time, Egypt (X%) and Iran (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) and Turkey (X%) illustrated a downward trend over the same period. While the share of Saudi Arabia (X p.p.), Egypt (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) emerged as the largest starch glue supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

In Saudi Arabia, starch glue exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Egypt (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a 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 Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Starch Glue Imports

Imports in MENA

In 2023, starch glue imports in MENA skyrocketed to X tons, increasing by X% against 2022 figures. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, starch glue imports amounted to $X in 2023. Over the period under review, imports recorded a measured increase. 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. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Kuwait represented the key importing country with an import of about X tons, which amounted to X% of total imports. Algeria (X tons) ranks second in terms of the total imports with an X% share, followed by the United Arab Emirates (X%), Turkey (X%), Bahrain (X%) and Qatar (X%). Morocco (X tons) followed a long way behind the leaders.

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, Algeria (X%), Qatar (X%), Bahrain (X%), the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Morocco experienced a relatively flat trend pattern. While the share of Kuwait (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Morocco (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch glue importing markets in MENA were Kuwait ($X), Algeria ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price showed a perceptible downturn. 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 reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform