Report Update: May 3, 2024

Iran - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights

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Maize Starch Price in Iran - 2021

Maize Starch Price in Iran (FOB) - 2022

In 2022, the average maize starch export price amounted to $704 per ton, picking up by 45% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $756 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($979 per ton), while the average price for exports to Uzbekistan ($497 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 Bahrain (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Starch Price in Iran (CIF) - 2022

In 2022, the average maize starch import price amounted to $1,087 per ton, rising by 34% against the previous year. Over the period under review, the import price recorded moderate growth. The most prominent rate of growth was recorded in 2013 an increase of 97%. As a result, import price attained the peak level of $1,551 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($1,073 per ton), while the price for Germany totaled $745 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Maize Starch Exports in Iran

In 2022, approx. 185 tons of maize (corn) starch were exported from Iran; declining by -76.7% compared with 2021. Overall, exports showed a dramatic contraction. The smallest decline of -24.1% was in 2020.

In value terms, maize starch exports declined dramatically to $130K in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -30.4% was in 2020.

Export of Maize Starch in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Armenia	260	7.3	N/A	30.2	-51.2%
Turkey	N/A	N/A	N/A	27.7	0%
Sri Lanka	105	N/A	N/A	25.0	-38.0%
Bahrain	N/A	N/A	11.1	14.8	33.3%
Uzbekistan	N/A	N/A	26.6	6.8	-74.4%
Georgia	N/A	N/A	4.8	5.9	22.9%
United Arab Emirates	124	599	244	0.9	-80.6%
Lebanon	N/A	24.3	54.6	N/A	124.7%
Kuwait	74.9	N/A	2.4	N/A	-82.1%
Kyrgyzstan	235	N/A	0.1	N/A	-97.9%
Others	171	44.9	43.3	18.9	-52.0%
Total	970	675	387	130	-48.8%

Top Export Markets for Maize Starch from Iran in 2022:

Turkey (49.5 tons)
Armenia (44.0 tons)
Sri Lanka (31.5 tons)
Bahrain (25.0 tons)
Uzbekistan (13.6 tons)
Georgia (6.0 tons)
United Arab Emirates (1.1 tons)

Maize Starch Imports in Iran

In 2022, purchases abroad of maize (corn) starch was finally on the rise to reach 210 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a significant curtailment.

In value terms, maize starch imports skyrocketed to $228K in 2022. Overall, imports, however, faced a significant decrease. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of $933K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Maize Starch in Iran (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	487	462	1.1	125	-36.4%
Germany	10.2	142	31.1	51.4	71.4%
Bulgaria	N/A	N/A	46.6	N/A	0%
China	N/A	64.3	N/A	N/A	0%
Kuwait	58.0	N/A	N/A	N/A	0%
United Arab Emirates	54.4	42.3	10.8	N/A	-55.4%
Others	63.2	222	76.5	51.9	-6.4%
Total	673	933	166	228	-30.3%

Top Suppliers of Maize Starch to Iran in 2022:

Turkey (116.1 tons)
Germany (69.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the maize starch market in Iran. 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:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023