Starches; Inulin Price in India - 2023
Contents:
- Starches; Inulin Price in India (FOB) - 2023
- Starches; Inulin Price in India (CIF) - 2023
- Starches; Inulin Exports in India
- Starches; Inulin Imports in India
Starches; Inulin Price in India (FOB) - 2023
In September 2023, the average starches; inulin export price amounted to $424 per ton, flattening at the previous month. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 3.7% month-to-month. The export price peaked at $496 per ton in November 2022; however, from December 2022 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the countries with the highest prices were South Korea ($450 per ton) and Thailand ($447 per ton), while the average price for exports to Indonesia ($392 per ton) and Bangladesh ($397 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-0.7%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Price in India (CIF) - 2023
In September 2023, the average starches; inulin import price amounted to $1,235 per ton, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 53% month-to-month. As a result, import price reached the peak level of $2,198 per ton. From February 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($3,366 per ton), while the price for Vietnam ($599 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 Belgium (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in India
After three years of growth, shipments abroad of starches; inulins decreased by -8.8% to 489K tons in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 111%.
In value terms, starches; inulin exports surged to $231M in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 112% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Starches; Inulin in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.2 | 25.1 | 70.7 | 92.8 | 161.3% |
| Indonesia | 17.9 | 27.4 | 54.0 | 42.3 | 33.2% |
| United Arab Emirates | 4.5 | 4.7 | 8.9 | 18.2 | 59.3% |
| Vietnam | 1.1 | 8.3 | 21.8 | 12.1 | 122.4% |
| Thailand | 0.8 | 1.6 | 6.2 | 8.4 | 119.0% |
| South Korea | 1.0 | 0.9 | 2.7 | 5.8 | 79.7% |
| Bangladesh | 1.3 | 3.3 | 3.3 | 5.4 | 60.7% |
| Kenya | 1.9 | 1.3 | 2.3 | 5.4 | 41.6% |
| Nepal | 2.9 | 2.5 | 3.7 | 5.0 | 19.9% |
| Sri Lanka | 3.1 | 2.9 | 4.6 | 4.9 | 16.5% |
| Nigeria | 0.6 | 0.9 | 3.0 | 4.6 | 97.2% |
| Others | 9.0 | 13.1 | 14.1 | 26.1 | 42.6% |
| Total | 49.3 | 91.9 | 195 | 231 | 67.3% |
Top Export Markets for Starches; Inulin from India in 2022:
- Malaysia (203.4K tons)
- Indonesia (99.3K tons)
- United Arab Emirates (37.6K tons)
- Vietnam (26.5K tons)
- Thailand (17.4K tons)
- South Korea (11.3K tons)
- Bangladesh (11.2K tons)
- Nepal (10.6K tons)
- Kenya (10.2K tons)
- Sri Lanka (9.5K tons)
- Nigeria (8.0K tons)
Starches; Inulin Imports in India
In 2022, supplies from abroad of starches; inulins was finally on the rise to reach 9K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a sharp descent.
In value terms, starches; inulin imports amounted to $12M in 2022. Over the period under review, imports, however, showed a pronounced shrinkage.
| Import of Starches; Inulin in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,389 | 2,300 | 3,481 | 3,664 | 38.2% |
| France | 2,424 | 2,332 | 2,160 | 1,862 | -8.4% |
| United States | 1,289 | 1,040 | 694 | 1,582 | 7.1% |
| Denmark | 917 | 1,253 | 1,052 | 1,086 | 5.8% |
| Italy | 601 | 758 | 1,142 | 847 | 12.1% |
| Netherlands | 829 | 862 | 326 | 814 | -0.6% |
| China | 310 | 71.0 | 754 | 701 | 31.3% |
| Poland | 330 | 156 | 314 | 474 | 12.8% |
| Australia | 45.0 | 10.4 | 51.9 | 238 | 74.2% |
| Thailand | 3,627 | 1,485 | 136 | 209 | -61.4% |
| Germany | 62.6 | 251 | 121 | 166 | 38.4% |
| United Arab Emirates | 53.5 | 907 | 11.4 | 93.3 | 20.4% |
| Russia | N/A | N/A | 90.9 | 90.9 | 0.0% |
| Others | 2,243 | 2,639 | 416 | 529 | -38.2% |
| Total | 14,121 | 14,065 | 10,751 | 12,357 | -4.4% |
Top Suppliers of Starches; Inulin to India in 2022:
- Belgium (2361.8 tons)
- France (1288.7 tons)
- Denmark (1205.5 tons)
- United States (619.1 tons)
- Italy (559.1 tons)
- Poland (543.1 tons)
- Netherlands (517.5 tons)
- Thailand (365.9 tons)
- China (305.5 tons)
- Australia (288.0 tons)
- Germany (163.5 tons)
- United Arab Emirates (152.0 tons)
- Russia (151.0 tons)
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