Republic of Korea - Potato Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotato Starch Price in South Korea - 2022
Contents:
- Potato Starch Price in South Korea (CIF) - 2022
- Potato Starch Price in South Korea (FOB) - 2022
- Potato Starch Imports in South Korea
- Potato Starch Exports in South Korea
Potato Starch Price in South Korea (CIF) - 2022
In December 2022, the average potato starch import price amounted to $845 per ton, surging by 9.7% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was Poland ($937 per ton), while the price for Germany ($796 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Potato Starch Price in South Korea (FOB) - 2022
The average potato starch export price stood at $2,037 per ton in 2022, picking up by 28% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potato starch export price decreased by -21.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34%. The export price peaked at $2,597 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($4,810 per ton), while the average price for exports to the Philippines ($1,452 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 New Zealand (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Starch Imports in South Korea
In 2022, after three years of growth, there was decline in purchases abroad of potato starch, when their volume decreased by -0.7% to 95K tons. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 20% against the previous year.
In value terms, potato starch imports rose modestly to $70M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of $72M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Potato Starch in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 30.3 | 35.8 | 32.9 | 32.6 | 2.5% |
Poland | 14.8 | 12.5 | 16.9 | 16.8 | 4.3% |
Denmark | 12.4 | 19.1 | 16.7 | 16.5 | 10.0% |
France | 2.0 | 2.8 | 0.7 | 1.8 | -3.5% |
Others | 4.5 | 2.2 | 1.4 | 2.7 | -15.7% |
Total | 63.9 | 72.3 | 68.5 | 70.4 | 3.3% |
Top Suppliers of Potato Starch to South Korea in 2022:
- Germany (41.6K tons)
- Poland (26.6K tons)
- Denmark (21.5K tons)
- France (2.2K tons)
Potato Starch Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of potato starch, when their volume decreased by -18.6% to 202 tons. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 101% against the previous year.
In value terms, potato starch exports stood at $411K in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 124%. As a result, the exports attained the peak of $426K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Potato Starch in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 102 | 272 | 137 | 246 | 34.1% |
New Zealand | 11.8 | 11.9 | 24.0 | 43.0 | 53.9% |
Australia | 13.2 | 22.6 | 16.5 | 29.7 | 31.0% |
Canada | 8.7 | 18.6 | 12.8 | 22.9 | 38.1% |
Vietnam | 22.5 | 19.9 | 6.9 | 17.5 | -8.0% |
Philippines | 1.1 | 34.7 | 2.6 | 12.6 | 125.4% |
Netherlands | 0.4 | 1.8 | 6.4 | 11.5 | 206.3% |
Russia | N/A | N/A | 25.7 | N/A | 0% |
Denmark | N/A | N/A | 152 | N/A | 0% |
Others | 30.8 | 45.1 | 12.3 | 28.5 | -2.6% |
Total | 190 | 426 | 396 | 411 | 29.3% |
Top Export Markets for Potato Starch from South Korea in 2022:
- United States (131.7 tons)
- Canada (13.3 tons)
- Australia (11.8 tons)
- Vietnam (11.1 tons)
- New Zealand (8.9 tons)
- Philippines (8.7 tons)
- Netherlands (3.7 tons)
This report provides an in-depth analysis of the potato starch market in Republic of Korea. 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 10621115 - Potato starch
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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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In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.