Australia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Australia

The Australian starch manufacture residues market declined to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Starch manufacture residues consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Australia

In value terms, starch manufacture residues production fell to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from Australia

In 2022, approx. X tons of residues of starch manufacture were exported from Australia; which is down by X% on the previous year's figure. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, starch manufacture residues exports fell markedly to $X in 2022. Overall, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for starch manufacture residues exports from Australia, accounting for a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to New Zealand totaled X%.

In value terms, New Zealand ($X) also remains the key foreign market for residues of starch manufacture exports from Australia.

From 2015 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated noticeable growth from 2015 to 2022: its price increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2015 to 2022, the rate of growth in terms of prices for New Zealand amounted to X% per year.

Starch Manufacture Residues Imports

Imports into Australia

In 2022, supplies from abroad of residues of starch manufacture increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, starch manufacture residues imports surged to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of starch manufacture residues to Australia, accounting for a X% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Australia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform