Scandinavia: Starch Glue Market 2024

Starch Glue Market Size in Scandinavia

In 2023, the Scandinavia starch glue market increased by X% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, posted pronounced growth. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Starch Glue Production in Scandinavia

In value terms, starch glue production dropped to $X in 2023 estimated in export price. Overall, production faced a deep downturn. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Starch Glue Exports

Exports in Scandinavia

After two years of growth, shipments abroad of glues based on starches, dextrins or other modified starches decreased by X% to X tons in 2023. Overall, exports showed a mild slump. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, starch glue exports reduced to $X in 2023. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the glues based on starches, dextrins or other modified starches exports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest starch glue supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden was relatively modest.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a slight increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

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

Starch Glue Imports

Imports in Scandinavia

In 2023, after two years of growth, there was significant decline in overseas purchases of glues based on starches, dextrins or other modified starches, when their volume decreased by X% to X tons. Total imports indicated a moderate increase 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. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then shrank in the following year.

In value terms, starch glue imports declined to $X in 2023. Over the period under review, imports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2022, and then fell in the following year.

Imports by Country

Sweden represented the main importer of glues based on starches, dextrins or other modified starches in Scandinavia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Finland (X tons) and Norway (X tons), together committing a X% share of total imports.

Sweden 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, Norway (X%) displayed positive paces of growth. By contrast, Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Finland saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value in Sweden amounted to X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, growing 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 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform