Starches; Inulin Price in Ireland - 2023
Contents:
- Starches; Inulin Price in Ireland (CIF) - 2023
- Starches; Inulin Price in Ireland (FOB) - 2023
- Starches; Inulin Imports in Ireland
- Starches; Inulin Exports in Ireland
Starches; Inulin Price in Ireland (CIF) - 2023
The average starches; inulin import price stood at $1,249 per ton in August 2023, reducing by -17.1% against the previous month. In general, import price indicated measured growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, starches; inulin import price decreased by -17.1% against July 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 71% m-o-m. As a result, import price reached the peak level of $1,582 per ton. From February 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,727 per ton), while the price for the UK ($617 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Thailand (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Ireland (FOB) - 2023
The average starches; inulin export price stood at $1,367 per ton in August 2023, growing by 7.3% against the previous month. Over the period under review, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in November 2022 an increase of 38% m-o-m. The export price peaked at $2,612 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,470 per ton), while the average price for exports to the Netherlands stood at $369 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.0%).
Starches; Inulin Imports in Ireland
In 2022, overseas purchases of starches; inulins decreased by 0% to 13K tons, falling for the second consecutive year after two years of growth. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, starches; inulin imports totaled $14M in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Starches; Inulin in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.8 | 1.2 | N/A | 3.3 | 60.4% |
| Germany | 2.1 | 2.2 | N/A | 2.7 | 8.7% |
| France | 0.8 | 1.1 | N/A | 1.7 | 28.6% |
| Belgium | 0.8 | 1.0 | N/A | 1.3 | 17.6% |
| Denmark | 0.3 | 0.3 | N/A | 1.0 | 49.4% |
| United Kingdom | 3.4 | 3.7 | N/A | 0.5 | -47.2% |
| Thailand | 0.6 | 0.3 | N/A | 0.5 | -5.9% |
| Spain | 0.1 | 0.2 | N/A | 0.3 | 44.2% |
| Others | 1.0 | 2.8 | N/A | 2.9 | 42.6% |
| Total | 9.9 | 12.8 | N/A | 14.1 | 12.5% |
Top Suppliers of Starches; Inulin to Ireland in 2022:
- Netherlands (3.9K tons)
- Germany (2.6K tons)
- France (2.3K tons)
- Belgium (1.2K tons)
- Denmark (1.0K tons)
- Spain (0.6K tons)
- Thailand (0.5K tons)
- United Kingdom (0.4K tons)
Starches; Inulin Exports in Ireland
In 2022, overseas shipments of starches; inulins decreased by 0% to 2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 82%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, starches; inulin exports amounted to $4.4M in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 64%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Starches; Inulin in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 965 | 1,457 | N/A | 3,657 | 55.9% |
| Czech Republic | N/A | 8.9 | N/A | 475 | 630.6% |
| Netherlands | N/A | N/A | N/A | 27.1 | 0% |
| Germany | N/A | 146 | N/A | 24.3 | -59.2% |
| Poland | 50.4 | 50.7 | N/A | 24.0 | -21.9% |
| Others | 2.5 | 5.2 | N/A | 175 | 312.1% |
| Total | 1,018 | 1,668 | N/A | 4,382 | 62.7% |
Top Export Markets for Starches; Inulin from Ireland in 2022:
- United Kingdom (1860.3 tons)
- Netherlands (65.8 tons)
- Czech Republic (45.9 tons)
- Poland (24.0 tons)
- Germany (7.0 tons)
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