Northern America: Starch Glue Market 2024

Starch Glue Market Size in Northern America

The North American starch glue market expanded sharply to $X in 2023, increasing by X% against the previous year. The total consumption indicated a temperate 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Starch Glue Production in Northern America

In value terms, starch glue production expanded remarkably to $X in 2023 estimated in export price. The total production indicated a measured 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Starch Glue Exports

Exports in Northern America

In 2023, overseas shipments of glues based on starches, dextrins or other modified starches decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, starch glue exports dropped markedly to $X in 2023. In general, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, the United States (X tons) was the key exporter of glues based on starches, dextrins or other modified starches, generating X% of total exports. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to starch glue exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest starch glue supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States stood at X%.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Starch Glue Imports

Imports in Northern America

In 2023, after two years of growth, there was significant decline in purchases abroad of glues based on starches, dextrins or other modified starches, when their volume decreased by X% to X tons. Total imports indicated resilient growth from 2012 to 2023: its volume 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 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, starch glue imports expanded remarkably to $X in 2023. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by 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

The United States was the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Canada (X tons), generating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United States (with a CAGR of X%).

In value terms, the largest starch glue importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2023: its price 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, starch glue import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Source: IndexBox Platform