Southern Asia: Starch Glue Market 2024

Starch Glue Market Size in Southern Asia

In 2023, the South Asian starch glue market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Starch Glue Production in Southern Asia

In value terms, starch glue production dropped modestly to $X in 2023 estimated in export price. The total production indicated a perceptible 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Starch Glue Exports

Exports in Southern Asia

In 2023, exports of glues based on starches, dextrins or other modified starches in Southern Asia stood at X tons, surging by X% compared with 2022. Total exports indicated a perceptible 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, starch glue exports skyrocketed to $X in 2023. Total exports indicated a tangible increase 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, India (X tons) represented the main exporter of glues based on starches, dextrins or other modified starches, constituting X% of total exports. It was distantly followed by Sri Lanka (X tons) and Afghanistan (X tons), together committing a X% share of total exports.

India 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. At the same time, Sri Lanka (X%) displayed positive paces of growth. By contrast, Afghanistan (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) and Afghanistan (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest starch glue supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Afghanistan (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2023.

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

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

Starch Glue Imports

Imports in Southern Asia

In 2023, purchases abroad of glues based on starches, dextrins or other modified starches decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then reduced modestly in the following year.

In value terms, starch glue imports declined to $X in 2023. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

India represented the major importing country with an import of around X tons, which accounted for X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with an X% share, followed by Pakistan (X%) and Nepal (X%). Afghanistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Afghanistan (X%), Sri Lanka (X%), Pakistan (X%) and Nepal (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India and Afghanistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported glues based on starches, dextrins or other modified starches in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform