Western Africa: Starch Glue Market 2024

Starch Glue Market Size in Western Africa

The West African starch glue market fell slightly to $X in 2023, remaining stable against the previous year. The total consumption indicated a noticeable expansion 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Starch Glue Production in Western Africa

In value terms, starch glue production reduced modestly to $X in 2023 estimated in export price. The total production indicated a buoyant 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, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2023, production stood at a somewhat lower figure.

Starch Glue Exports

Exports in Western Africa

In 2023, overseas shipments of glues based on starches, dextrins or other modified starches were finally on the rise to reach X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, starch glue exports skyrocketed to $X in 2023. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Ghana dominates exports structure, resulting at X tons, which was near X% of total exports in 2023. Nigeria (X tons) took the second position in the ranking, followed by Cote d'Ivoire (X tons). All these countries together took near X% share of total exports.

Ghana 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, Cote d'Ivoire (X%) displayed positive paces of growth. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) remains the largest starch glue supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Ghana amounted to X%. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, growing by X% against the previous year. In general, the export price recorded notable growth. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the export price figures.

Starch Glue Imports

Imports in Western Africa

In 2023, supplies from abroad of glues based on starches, dextrins or other modified starches was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, starch glue imports amounted to $X in 2023. Overall, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Nigeria (X tons) and Senegal (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons), Mauritania (X tons) and Burkina Faso (X tons), together comprising a X% share of total imports. Mali (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Senegal (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest starch glue importing markets in Western Africa were Nigeria ($X), Senegal ($X) and Cote d'Ivoire ($X), together comprising X% of total imports.

Among the main importing countries, Cote d'Ivoire, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Western Africa amounted to $X per ton, declining by X% against the previous year. Overall, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Cote d'Ivoire ($X per ton) and Mali ($X per ton), while Senegal ($X per ton) and Mauritania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform