Report Update: Apr 1, 2024

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

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Modified Starches Price in the Philippines - 2023

Modified Starches Price in the Philippines (CIF) - 2023

In June 2023, the average modified starches import price amounted to $1,057 per ton, with an increase of 9.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 37% m-o-m. The import price peaked at $1,146 per ton in November 2022; afterwards, it flattened through to June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($2,073 per ton), while the price for South Africa ($250 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 the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Modified Starches Price in the Philippines (FOB) - 2022

In 2022, the average modified starches export price amounted to $1,867 per ton, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 67%. As a result, the export price attained the peak level of $2,250 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,376 per ton), while the average price for exports to Indonesia ($1,234 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 the United States (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports in the Philippines

In 2022, imports of dextrins and other modified starches into the Philippines expanded sharply to 58K tons, picking up by 12% on the year before. Overall, imports, however, showed a pronounced shrinkage.

In value terms, modified starches imports skyrocketed to $56M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Modified Starches in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	12.9	9.8	14.1	20.8	17.3%
Netherlands	7.4	6.6	7.3	7.8	1.8%
United States	8.4	5.9	5.7	7.8	-2.4%
China	9.5	6.7	3.1	6.8	-10.5%
Vietnam	3.4	3.3	3.4	4.1	6.4%
Italy	2.3	1.7	2.9	2.7	5.5%
Indonesia	0.2	0.5	0.9	1.2	81.7%
South Africa	1.5	0.6	0.8	0.8	-18.9%
Others	4.2	4.0	4.1	3.9	-2.4%
Total	49.8	39.0	42.3	56.0	4.0%

Top Suppliers of Modified Starches to the Philippines in 2022:

Thailand (21.9K tons)
China (9.2K tons)
Netherlands (6.4K tons)
Vietnam (5.3K tons)
United States (4.9K tons)
Indonesia (2.8K tons)
South Africa (2.4K tons)
Italy (1.9K tons)

Modified Starches Exports in the Philippines

In 2022, modified starches exports from the Philippines surged to 186 tons, picking up by 294% on 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, modified starches exports skyrocketed to $347K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Modified Starches in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	27.4	N/A	24.7	113	60.4%
Indonesia	4.9	19.9	22.5	79.9	153.6%
China	1.1	N/A	2.9	42.7	238.6%
Thailand	2.5	24.5	3.9	41.1	154.3%
Japan	N/A	0.1	N/A	39.9	1897.5%
Vietnam	N/A	N/A	7.9	27.0	241.8%
Singapore	N/A	N/A	8.4	3.3	-60.7%
India	N/A	N/A	17.8	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	35.9	44.5	88.1	347	113.0%

Top Export Markets for Modified Starches from the Philippines in 2022:

Indonesia (64.7 tons)
Malaysia (47.6 tons)
Thailand (19.3 tons)
China (19.0 tons)
Japan (18.6 tons)
Vietnam (14.9 tons)
Singapore (1.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the modified starches market in the Philippines. 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:

Philippines

Data coverage:

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