Thailand: Starch Glue Market 2024

Starch Glue Market Size in Thailand

The Thai starch glue market contracted to $X in 2022, waning by X% against the previous year. In general, consumption showed a abrupt setback. Starch glue consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Starch Glue Production in Thailand

In value terms, starch glue production expanded rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Starch Glue Exports

Exports from Thailand

In 2022, 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 two-year rising trend. In general, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, starch glue exports shrank remarkably to $X in 2022. Over the period under review, exports showed a mild contraction. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of starch glue exports from Thailand, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch glue exported from Thailand were Myanmar ($X), Japan ($X) and Lao People's Democratic Republic ($X), together accounting for X% of total exports.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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 2022, falling by X% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Glue Imports

Imports into Thailand

In 2022, overseas purchases 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 two-year rising trend. Over the period under review, imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, starch glue imports shrank markedly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of starch glue to Thailand, with a X% share of total imports. Moreover, starch glue imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Japan (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

In value terms, South Korea ($X), Japan ($X) and China ($X) constituted the largest starch glue suppliers to Thailand, together comprising X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starch glue import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, saw a mild contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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