Norway: Starch Glue Market 2024

Starch Glue Market Size in Norway

In 2023, the Norwegian 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, the total consumption indicated a perceptible 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 increased by X% against 2020 indices. Starch glue consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Starch Glue Exports

Exports from Norway

In 2023, after two years of growth, there was significant decline in overseas shipments of glues based on starches, dextrins or other modified starches, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then shrank notably in the following year.

In value terms, starch glue exports contracted notably to $X in 2023. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Sweden (X tons) was the main destination for starch glue exports from Norway, with a X% share of total exports. It was followed by Germany (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Sweden stood at X%.

In value terms, Sweden ($X) emerged as the key foreign market for glues based on starches, dextrins or other modified starches exports from Norway, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Sweden amounted to X%.

Export Prices by Country

In 2023, the average starch glue export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

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

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Starch Glue Imports

Imports into Norway

Starch glue imports into Norway declined to X tons in 2023, approximately mirroring the previous year's figure. Over the period under review, total imports indicated a tangible expansion from 2012 to 2023: its volume 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, starch glue imports reduced modestly to $X in 2023. In general, total imports indicated a notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest supplier of starch glue to Norway, accounting for a X% share of total imports. Moreover, starch glue imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2023, the average starch glue import price amounted to $X per ton, which is down by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

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

Source: IndexBox Platform