India - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMaize Starch Price in India - 2023
Contents:
- Maize Starch Price in India (FOB) - 2023
- Maize Starch Price in India (CIF) - 2023
- Maize Starch Exports in India
- Maize Starch Imports in India
Maize Starch Price in India (FOB) - 2023
The average maize starch export price stood at $443 per ton in July 2023, rising by 3.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $504 per ton in August 2022; however, from September 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In July 2023, the countries with the highest prices were South Korea ($462 per ton) and Thailand ($443 per ton), while the average price for exports to Nepal ($371 per ton) and Indonesia ($391 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-0.5%), while the prices for the other major destinations experienced a decline.
Maize Starch Price in India (CIF) - 2023
The average maize starch import price stood at $1,691 per ton in July 2023, declining by -7.6% against the previous month. In general, the import price recorded a slight setback. The pace of growth appeared the most rapid in January 2023 an increase of 46% m-o-m. As a result, import price attained the peak level of $2,272 per ton. From February 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($3,395 per ton), while the price for Belgium ($1,205 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Maize Starch Exports in India
In 2022, after three years of growth, there was significant decline in shipments abroad of maize (corn) starch, when their volume decreased by -7.7% to 488K tons. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 115%.
In value terms, maize starch exports skyrocketed to $225M in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 113% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Maize Starch in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.1 | 24.8 | 38.5 | 83.8 | 154.2% |
| Indonesia | 17.1 | 27.0 | 29.4 | 64.1 | 55.3% |
| Vietnam | 1.1 | 8.2 | 11.9 | 25.8 | 186.2% |
| United Arab Emirates | 4.8 | 7.1 | 4.6 | 10.1 | 28.1% |
| Sri Lanka | 3.0 | 2.9 | 2.3 | 5.8 | 24.6% |
| Nepal | 2.8 | 2.2 | 1.8 | 3.8 | 10.7% |
| Bangladesh | 1.2 | 3.2 | 1.8 | 3.8 | 46.8% |
| Others | 11.9 | 13.7 | 99.5 | 27.4 | 32.0% |
| Total | 47.0 | 89.1 | 190 | 225 | 68.5% |
Top Export Markets for Maize Starch from India in 2022:
- Malaysia (181.2K tons)
- Indonesia (150.0K tons)
- Vietnam (56.3K tons)
- United Arab Emirates (21.6K tons)
- Nepal (8.6K tons)
- Bangladesh (8.6K tons)
- Sri Lanka (8.4K tons)
Maize Starch Imports in India
In 2022, the amount of maize (corn) starch imported into India reached 3.7K tons, approximately mirroring 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year.
In value terms, maize starch imports surged to $6.2M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Maize Starch in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.8 | 1.5 | 1.0 | 2.0 | 3.6% |
| United States | 1.3 | 1.1 | 0.5 | 1.8 | 11.5% |
| Belgium | 0.2 | 1.2 | 0.8 | 1.5 | 95.7% |
| Italy | 0.6 | 0.7 | 0.8 | 0.6 | 0.0% |
| Turkey | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | 1.5 | 0.3 | 14.5% |
| Total | 4.6 | 4.7 | 4.7 | 6.2 | 10.5% |
Top Suppliers of Maize Starch to India in 2022:
- Belgium (1197.2 tons)
- France (1021.9 tons)
- United States (718.8 tons)
- Italy (611.3 tons)
This report provides an in-depth analysis of the maize starch market in India. 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.
Product coverage:
- Prodcom 10621113 - Maize (corn) starch
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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