Asia-Pacific: Wheat Starch Market 2024

Wheat Starch Market Size in Asia-Pacific

The Asia-Pacific wheat starch market amounted to $X in 2022, almost unchanged from the previous year. Overall, consumption saw a resilient increase. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Wheat Starch Production in Asia-Pacific

In value terms, wheat starch production totaled $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

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Wheat Starch Exports

Exports in Asia-Pacific

In 2022, overseas shipments of wheat starch decreased by X% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wheat starch exports dropped to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by China (X tons), generating a X% share of total exports. Singapore (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the wheat starch exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest wheat starch supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Australia, wheat starch exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat starch export price increased by X% against 2020 indices. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in China ($X per ton) and Taiwan (Chinese) ($X per ton), while Singapore ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Wheat Starch Imports

Imports in Asia-Pacific

In 2022, purchases abroad of wheat starch decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Overall, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat starch imports amounted to $X in 2022. Total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons), Thailand (X tons) and Indonesia (X tons) represented the main importer of wheat starch in Asia-Pacific, generating X% of total import. It was distantly followed by Singapore (X tons), Hong Kong SAR (X tons) and New Zealand (X tons), together making up a X% share of total imports. The following importers - Vietnam (X tons) and Japan (X tons) - each finished at a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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