
U.S. - Wheat Starch - Market Analysis, Forecast, Size, Trends And Insights
Wheat Starch Price in America Stands at $928 per Ton
U.S. Wheat Starch Import Price per Ton in August 2022
In August 2022, the wheat starch price per ton stood at $927.8 (CIF, US), which is down by -2% against the previous month. Over the period under review, import price indicated a strong expansion from January 2022 to August 2022: its price increased at an average monthly rate of +7.9% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, wheat starch import price increased by +84.5% against February 2022 indices. The most prominent rate of growth was recorded in April 2022 an increase of 33% month-to-month. Over the period under review, average import prices reached the peak figure at $947.0 per ton in July 2022, and then fell modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Hong Kong SAR ($1.6K per ton), while the price for Australia ($507.0 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Argentina (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Wheat Starch Imports
In August 2022, the amount of wheat starch imported into the United States contracted sharply to 1.2K tons, dropping by -42% against the previous month. Overall, imports faced a abrupt setback. The growth pace was the most rapid in May 2022 when imports increased by 81% against the previous month.
In value terms, wheat starch imports declined sharply to $1.1M (IndexBox estimates) in August 2022. In general, imports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in May 2022 when imports increased by 85% month-to-month. As a result, imports attained the peak of $2.1M. From June 2022 to August 2022, the growth of imports remained at a lower figure.
U.S. Wheat Starch Imports by Country
Canada (607 tons), Australia (342 tons) and Germany (116 tons) were the main suppliers of wheat starch imports to the United States, with a combined 92% share of total imports. China and Hong Kong SAR lagged somewhat behind, together accounting for a further 8.1%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Canada ($629K) constituted the largest supplier of wheat starch to the United States, comprising 58% of total imports. The second position in the ranking was taken by Australia ($173K), with a 16% share of total imports. It was followed by Germany, with a 13% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of value from Canada amounted to +11.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Australia (-16.9% per month) and Germany (+0.4% per month).
This report provides an in-depth analysis of the wheat starch market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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