Australia: Market for Starch other than Wheat, Corn or Potato 2024

Market Size for Starch other than Wheat, Corn or Potato in Australia

For the fifth year in a row, the Australian market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption recorded a significant expansion. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Starch other than Wheat, Corn or Potato in Australia

In value terms, production of starch other than wheat, corn or potato rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Australia

In 2022, overseas shipments of starch other than wheat, corn or potato decreased by X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of starch other than wheat, corn or potato surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Papua New Guinea (X tons) was the main destination for exports of starch other than wheat, corn or potato from Australia, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Papua New Guinea exceeded the volume sent to the second major destination, New Zealand (X tons), sixfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Thailand (X% per year).

In value terms, Papua New Guinea ($X) emerged as the key foreign market for starch other than wheat, corn or potato exports from Australia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by New Zealand, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Papua New Guinea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price continues to indicate strong growth. The growth pace was the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports into Australia

After two years of growth, overseas purchases of starch other than wheat, corn or potato decreased by X% to X tons in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its volume 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 2015 indices. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato soared to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of starch other than wheat, corn or potato to Australia, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold. France (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 Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and France (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to Australia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and France (X% per year).

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a strong 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, import price for starch other than wheat, corn or potato increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and France ($X per ton), while the price for Vietnam ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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