Starches; Inulin Price in the United States - 2023
Contents:
- Starches; Inulin Price in the United States (CIF) - 2023
- Starches; Inulin Price in the United States (FOB) - 2023
- Starches; Inulin Imports in the United States
- Starches; Inulin Exports in the United States
Starches; Inulin Price in the United States (CIF) - 2023
In October 2023, the average starches; inulin import price amounted to $933 per ton, falling by -4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 6.8% m-o-m. The import price peaked at $972 per ton in September 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($2,868 per ton), while the price for Australia ($516 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in the United States (FOB) - 2023
The average starches; inulin export price stood at $952 per ton in October 2023, which is down by -2.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 11% m-o-m. The export price peaked at $1,049 per ton in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In October 2023, the country with the highest price was Canada ($1,182 per ton), while the average price for exports to Mexico ($792 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.
Starches; Inulin Imports in the United States
In 2022, the amount of starches; inulins imported into the United States expanded rapidly to 491K tons, picking up by 12% against the year before. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, starches; inulin imports soared to $447M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 93.0 | 66.9 | 64.6 | 87.0 | -2.2% |
| Netherlands | 40.9 | 36.9 | 43.5 | 51.9 | 8.3% |
| Canada | 35.3 | 30.7 | 35.2 | 48.0 | 10.8% |
| Germany | 39.6 | 28.2 | 26.3 | 41.1 | 1.2% |
| Belgium | 31.3 | 33.6 | 36.1 | 35.9 | 4.7% |
| Denmark | 17.3 | 24.1 | 21.1 | 23.9 | 11.4% |
| Chile | 18.7 | 16.7 | 23.8 | 21.9 | 5.4% |
| Brazil | 5.0 | 7.8 | 15.2 | 16.5 | 48.9% |
| Poland | 15.2 | 10.5 | 12.1 | 13.9 | -2.9% |
| France | 14.3 | 10.4 | 9.2 | 12.0 | -5.7% |
| Turkey | 1.8 | 1.4 | 0.6 | 11.9 | 87.7% |
| Paraguay | 1.2 | 0.1 | 8.9 | 8.7 | 93.5% |
| Australia | 4.8 | 5.1 | 4.8 | 8.3 | 20.0% |
| Others | 35.3 | 33.2 | 51.3 | 65.8 | 23.1% |
| Total | 354 | 306 | 353 | 447 | 8.1% |
Top Suppliers of Starches; Inulin to the United States in 2022:
- Thailand (126.1K tons)
- Canada (90.9K tons)
- Netherlands (41.3K tons)
- Germany (39.6K tons)
- Denmark (30.6K tons)
- Brazil (17.7K tons)
- Turkey (17.3K tons)
- Belgium (16.9K tons)
- Australia (16.4K tons)
- Poland (16.1K tons)
- France (13.5K tons)
- Paraguay (10.5K tons)
- Chile (8.1K tons)
Starches; Inulin Exports in the United States
For the fourth year in a row, the United States recorded growth in overseas shipments of starches; inulins, which increased by 8.5% to 228K tons in 2022. The total export volume increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 19%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, starches; inulin exports soared to $193M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 36.8 | 53.2 | 64.3 | 84.2 | 31.8% |
| Canada | 43.5 | 44.5 | 58.4 | 64.6 | 14.1% |
| United Kingdom | 5.3 | 4.8 | 3.9 | 7.6 | 12.8% |
| China | 3.9 | 3.2 | 2.9 | 7.1 | 22.1% |
| Germany | 1.3 | 1.4 | 1.7 | 6.7 | 72.7% |
| Others | 21.5 | 21.5 | 17.3 | 23.3 | 2.7% |
| Total | 112 | 129 | 149 | 193 | 19.9% |
Top Export Markets for Starches; Inulin from the United States in 2022:
- Mexico (132.7K tons)
- Canada (63.1K tons)
- China (4.7K tons)
- United Kingdom (4.3K tons)
- Germany (3.7K tons)
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