Asia: Starch Manufacture Residues Market 2022

Starch Manufacture Residues Market Size in Asia

In 2021, the Asian starch manufacture residues market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Starch Manufacture Residues Production in Asia

In value terms, starch manufacture residues production totaled $X in 2021 estimated in export price. Over the period under review, production recorded a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports in Asia

Starch manufacture residues exports fell slightly to X tons in 2021, shrinking by -X% against the previous year's figure. Over the period under review, exports continue to indicate a slight slump. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, starch manufacture residues exports shrank to $X in 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Thailand (X tons), achieving an X% share of total exports.

China was also the fastest-growing in terms of the residues of starch manufacture exports, with a CAGR of +X% from 2012 to 2021. Thailand (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest starch manufacture residues supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was China ($X per ton), while Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%).

Starch Manufacture Residues Imports

Imports in Asia

In 2021, imports of residues of starch manufacture in Asia totaled X tons, growing by X% on 2020. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons) was the key importer of residues of starch manufacture, creating X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Turkey (X%) and China (X%). Vietnam (X tons) and Malaysia (X tons) took a little share of total imports.

South Korea experienced a relatively flat trend pattern with regard to volume of imports of residues of starch manufacture. At the same time, Malaysia (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. Japan and Indonesia experienced a relatively flat trend pattern. By contrast, China (-X%) and Turkey (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-X p.p.) and Turkey (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch manufacture residues importing markets in Asia were South Korea ($X), Indonesia ($X) and Japan ($X), together comprising X% of total imports. These countries were followed by Vietnam, Turkey, Malaysia and China, which together accounted for a further X terms of the main importing countries, Malaysia, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Vietnam ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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