Spain: Starch Glue Market 2024

Starch Glue Market Size in Spain

After three years of decline, the Spanish starch glue market increased by X% to $X in 2023. Over the period under review, consumption, however, recorded a pronounced decrease. Starch glue consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Starch Glue Production in Spain

In value terms, starch glue production contracted slightly to $X in 2023 estimated in export price. Overall, production saw a noticeable downturn. The growth pace was the most rapid in 2013 when the production volume increased by X%. Starch glue production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Starch Glue Exports

Exports from Spain

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 2016, thus ending a six-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then fell in the following year.

In value terms, starch glue exports reached $X in 2023. Overall, exports, however, showed buoyant growth. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons) was the main destination for starch glue exports from Spain, accounting for a X% share of total exports. Moreover, starch glue exports to Italy exceeded the volume sent to the second major destination, France (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Poland (X% per year).

In value terms, the largest markets for starch glue exported from Spain were Italy ($X), Poland ($X) and Portugal ($X), with a combined X% share of total exports. France, Greece, Morocco, Tunisia and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch glue export price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

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

Starch Glue Imports

Imports into Spain

In 2023, the amount of glues based on starches, dextrins or other modified starches imported into Spain declined to X tons, waning by X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, starch glue imports rose markedly to $X in 2023. In general, imports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest starch glue supplier to Spain, accounting for a X% share of total imports. Moreover, starch glue imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2023, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (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, rising by X% against the previous year. Overall, import price indicated a temperate increase 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. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform