Starches; Inulin Price in Australia - 2023
Contents:
- Starches; Inulin Price in Australia (FOB) - 2022
- Starches; Inulin Price in Australia (CIF) - 2023
- Starches; Inulin Exports in Australia
- Starches; Inulin Imports in Australia
Starches; Inulin Price in Australia (FOB) - 2022
The average starches; inulin export price stood at $576 per ton in 2022, picking up by 34% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $721 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($689 per ton) and South Korea ($627 per ton), while the average price for exports to Indonesia ($501 per ton) and Singapore ($519 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Australia (CIF) - 2023
The average starches; inulin import price stood at $869 per ton in September 2023, with an increase of 29% against the previous month. Overall, the import price, however, saw a perceptible descent. The import price peaked at $1,386 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,904 per ton), while the price for India ($85.0 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Australia
In 2022, starches; inulin exports from Australia contracted dramatically to 80K tons, waning by -26.3% compared with 2021 figures. In general, exports faced a deep contraction. The smallest decline of -5.2% was in 2021.
In value terms, starches; inulin exports dropped to $46M in 2022. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 4.8%.
| Export of Starches; Inulin in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 4.6 | 5.5 | 9.5 | 34.6% |
| Malaysia | 2.8 | 3.1 | 4.3 | 7.3 | 37.6% |
| Thailand | 5.4 | 4.1 | 4.2 | 5.7 | 1.8% |
| Taiwan (Chinese) | 2.2 | 2.1 | 6.2 | 4.5 | 26.9% |
| Indonesia | 29.4 | 19.8 | 10.7 | 4.1 | -48.1% |
| New Zealand | 0.6 | 1.7 | 1.9 | 3.1 | 72.9% |
| South Africa | 1.5 | 1.8 | 1.5 | 2.6 | 20.1% |
| South Korea | 0.8 | 1.0 | 0.8 | 2.6 | 48.1% |
| Singapore | 1.0 | 0.9 | 3.8 | 2.2 | 30.1% |
| Philippines | 2.5 | 1.6 | 1.5 | 1.4 | -17.6% |
| China | 1.8 | 2.1 | 4.2 | 0.5 | -34.8% |
| Others | 3.1 | 1.2 | 1.6 | 2.2 | -10.8% |
| Total | 55.0 | 44.1 | 46.3 | 45.8 | -5.9% |
Top Export Markets for Starches; Inulin from Australia in 2022:
- United States (17.6K tons)
- Malaysia (12.1K tons)
- Thailand (9.2K tons)
- Taiwan (Chinese) (8.2K tons)
- Indonesia (8.2K tons)
- New Zealand (5.3K tons)
- Singapore (4.3K tons)
- South Korea (4.2K tons)
- South Africa (3.7K tons)
- Philippines (2.6K tons)
- China (1.0K tons)
Starches; Inulin Imports in Australia
In 2022, imports of starches; inulins into Australia declined modestly to 49K tons, which is down by -5% against the previous year's figure. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 0.7% against the previous year.
In value terms, starches; inulin imports surged to $52M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; 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 Starches; Inulin in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.9 | 8.9 | 10.6 | 13.1 | 13.8% |
| Netherlands | 4.5 | 3.5 | 4.9 | 6.7 | 14.2% |
| Poland | 4.0 | 3.3 | 3.8 | 5.3 | 9.8% |
| United States | 2.1 | 5.2 | 3.4 | 5.2 | 35.3% |
| China | 3.3 | 6.0 | 4.8 | 3.4 | 1.0% |
| South Africa | 2.4 | 2.3 | 2.4 | 3.1 | 8.9% |
| New Zealand | 4.0 | 3.1 | 3.6 | 2.8 | -11.2% |
| Denmark | 1.1 | 1.4 | 1.6 | 2.4 | 29.7% |
| Turkey | 4.6 | 0.4 | 1.3 | 1.4 | -32.7% |
| Others | 5.5 | 6.0 | 8.1 | 9.1 | 18.3% |
| Total | 40.5 | 40.2 | 44.3 | 52.4 | 9.0% |
Top Suppliers of Starches; Inulin to Australia in 2022:
- Thailand (14.1K tons)
- South Africa (5.5K tons)
- Poland (5.2K tons)
- Netherlands (4.5K tons)
- China (3.6K tons)
- New Zealand (3.1K tons)
- Denmark (2.7K tons)
- United States (2.7K tons)
- Turkey (1.5K tons)
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