Report Update: Apr 1, 2024

Mexico - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights

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Modified Starches Price in Mexico - 2023

Modified Starches Price in Mexico (CIF) - 2023

In June 2023, the average modified starches import price amounted to $2,041 per ton, with an increase of 4.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.1%. The growth pace was the most rapid in January 2023 when the average import price increased by 9.6% month-to-month. The import price peaked in June 2023.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($2,068 per ton), while the price for Brazil ($1,627 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Modified Starches Price in Mexico (FOB) - 2022

The average modified starches export price stood at $1,109 per ton in 2022, approximately equating the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 10% against the previous year. The export price peaked at $1,806 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 the Dominican Republic ($1,979 per ton), while the average price for exports to the United States ($860 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 Australia (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports in Mexico

Modified starches imports into Mexico surged to 62K tons in 2022, picking up by 20% compared with 2021 figures. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, modified starches imports soared to $100M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Modified Starches in Mexico (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	42.9	39.5	45.8	62.1	13.1%
Thailand	5.6	6.6	6.5	13.5	34.1%
Germany	5.0	5.9	5.3	11.0	30.1%
Denmark	3.0	2.8	4.7	7.1	33.3%
France	1.8	1.4	1.3	1.6	-3.9%
Others	5.5	5.8	4.1	4.4	-7.2%
Total	64.0	62.0	67.7	99.7	15.9%

Top Suppliers of Modified Starches to Mexico in 2022:

United States (38.3K tons)
Thailand (8.7K tons)
Germany (7.6K tons)
Denmark (4.3K tons)
France (0.9K tons)

Modified Starches Exports in Mexico

In 2022, shipments abroad of dextrins and other modified starches decreased by 0% to 3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 7.4% against the previous year. As a result, the exports attained the peak of 5.9K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, modified starches exports totaled $3.3M in 2022. Overall, exports showed a sharp decrease. The smallest decline of -0.1% was in 2020.

Export of Modified Starches in Mexico (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,490	1,902	N/A	1,277	-5.0%
Costa Rica	993	538	N/A	299	-33.0%
Guatemala	475	456	N/A	206	-24.3%
El Salvador	196	419	N/A	196	0.0%
Australia	N/A	120	N/A	189	25.5%
Dominican Republic	357	288	N/A	162	-23.2%
China	413	456	N/A	161	-26.9%
Colombia	536	432	N/A	154	-34.0%
Venezuela	723	567	N/A	146	-41.3%
Nicaragua	197	139	N/A	89.7	-23.1%
Honduras	99.3	124	N/A	63.8	-13.7%
United Kingdom	90.9	96.7	N/A	50.7	-17.7%
Canada	413	340	N/A	30.2	-58.2%
Others	581	677	N/A	254	-24.1%
Total	6,564	6,556	N/A	3,278	-20.7%

Top Export Markets for Modified Starches from Mexico in 2022:

United States (1484.5 tons)
Costa Rica (233.2 tons)
Colombia (171.4 tons)
El Salvador (161.2 tons)
Guatemala (134.9 tons)
China (121.8 tons)
Australia (117.6 tons)
Venezuela (114.2 tons)
Dominican Republic (81.8 tons)
Honduras (61.8 tons)
Nicaragua (60.1 tons)
United Kingdom (46.6 tons)
Canada (14.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the modified starches market in Mexico. 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 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)

Country coverage:

Mexico

Data coverage:

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