South-Eastern Asia: Starch Glue Market 2024

Starch Glue Market Size in South-Eastern Asia

In 2023, the Southeast Asian starch glue market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a mild downturn. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Starch Glue Production in South-Eastern Asia

In value terms, starch glue production expanded slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Starch Glue Exports

Exports in South-Eastern Asia

In 2023, the amount of glues based on starches, dextrins or other modified starches exported in South-Eastern Asia totaled X tons, picking up by X% on 2022. Total exports indicated a measured increase 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, starch glue exports skyrocketed to $X in 2023. In general, exports posted a mild expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X tons) and Malaysia (X tons) were the main exporters of glues based on starches, dextrins or other modified starches in 2023, accounting for near X% and X% of total exports, respectively. Singapore (X tons) ranks next in terms of the total exports with an X% share, followed by Vietnam (X%).

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. These countries were followed by Vietnam, which accounted for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Starch Glue Imports

Imports in South-Eastern Asia

In 2023, purchases abroad of glues based on starches, dextrins or other modified starches was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, starch glue imports reduced slightly to $X in 2023. Overall, imports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of starch glue imports in 2023 were Vietnam (X tons), Thailand (X tons), Indonesia (X tons), Malaysia (X tons) and Singapore (X tons), together resulting at X% of total import. Myanmar (X tons) took the next position in the ranking, followed by the Philippines (X tons). All these countries together held near 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 Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform