Starches; Inulin Price in the Netherlands - 2023
Contents:
- Starches; Inulin Price in the Netherlands (CIF) - 2023
- Starches; Inulin Price in the Netherlands (FOB) - 2023
- Starches; Inulin Imports in the Netherlands
- Starches; Inulin Exports in the Netherlands
Starches; Inulin Price in the Netherlands (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $1,067 per ton, picking up by 4.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in November 2022 when the average import price increased by 10% month-to-month. Over the period under review, average import prices reached the maximum at $1,119 per ton in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Denmark ($1,234 per ton), while the price for Austria ($622 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 Denmark (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in the Netherlands (FOB) - 2023
The average starches; inulin export price stood at $1,159 per ton in August 2023, remaining constant against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 14% m-o-m. The export price peaked at $1,223 per ton in March 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,489 per ton), while the average price for exports to Denmark ($437 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in the Netherlands
After three years of growth, supplies from abroad of starches; inulins decreased by -13.4% to 273K tons in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 316K tons, and then fell in the following year.
In value terms, starches; inulin imports skyrocketed to $226M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.9 | 95.9 | 75.1 | 108 | 21.7% |
| Belgium | 34.0 | 32.5 | 44.2 | 33.7 | -0.3% |
| Austria | 1.6 | 9.0 | 9.7 | 16.5 | 117.7% |
| Thailand | 8.7 | 10.9 | 10.5 | 15.7 | 21.7% |
| France | 18.7 | 12.2 | 9.2 | 9.0 | -21.6% |
| Denmark | 16.5 | 19.4 | 21.9 | 6.0 | -28.6% |
| Poland | 3.8 | 1.5 | 3.4 | 4.4 | 5.0% |
| Hungary | N/A | 0.6 | 0.2 | 3.9 | 155.0% |
| Lithuania | 16.7 | 2.4 | 1.6 | 2.2 | -49.1% |
| Others | 16.0 | 12.2 | 16.7 | 26.7 | 18.6% |
| Total | 176 | 197 | 192 | 226 | 8.7% |
Top Suppliers of Starches; Inulin to the Netherlands in 2022:
- Germany (123.1K tons)
- Belgium (47.0K tons)
- Austria (23.3K tons)
- Thailand (16.2K tons)
- France (11.2K tons)
- Denmark (7.7K tons)
- Poland (6.0K tons)
- Lithuania (5.3K tons)
- Hungary (4.5K tons)
Starches; Inulin Exports in the Netherlands
In 2022, starches; inulin exports from the Netherlands skyrocketed to 207K tons, growing by 18% against the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports skyrocketed to $184M in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.3 | 9.2 | 27.6 | 51.9 | 61.6% |
| Germany | 32.4 | 34.1 | 27.7 | 43.8 | 10.6% |
| United Kingdom | 5.1 | 9.4 | 9.8 | 23.7 | 66.9% |
| Belgium | 13.3 | 17.2 | 20.5 | 16.8 | 8.1% |
| Italy | 1.7 | 3.1 | 4.0 | 7.9 | 66.9% |
| Finland | 1.3 | 1.6 | 4.7 | 7.4 | 78.6% |
| Poland | N/A | 3.3 | 2.5 | 6.5 | 40.3% |
| Denmark | N/A | N/A | 1.1 | 4.9 | 345.5% |
| Turkey | N/A | N/A | N/A | 2.5 | 0% |
| Spain | 1.1 | 1.1 | 1.5 | 2.4 | 29.7% |
| Others | 11.3 | 15.3 | 12.9 | 16.6 | 13.7% |
| Total | 78.5 | 94.3 | 112 | 184 | 32.8% |
Top Export Markets for Starches; Inulin from the Netherlands in 2022:
- France (66.5K tons)
- Germany (54.7K tons)
- United Kingdom (26.1K tons)
- Belgium (13.8K tons)
- Finland (7.8K tons)
- Poland (5.4K tons)
- Italy (5.0K tons)
- Denmark (3.6K tons)
- Turkey (3.3K tons)
- Spain (3.2K tons)
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