Belgium: Potato Starch Market 2024

Potato Starch Market Size in Belgium

The Belgian potato starch market shrank notably to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed tangible growth. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Potato Starch Production in Belgium

In value terms, potato starch production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

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Potato Starch Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in overseas shipments of potato starch, which increased by X% to X tons in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, potato starch exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the United States (X tons) and the Netherlands (X tons) were the main destinations of potato starch exports from Belgium, with a combined X% share of total exports. Spain, Italy, the UK, Mexico, Turkey, Poland, South Korea, Vietnam, Germany and Ireland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Belgium were France ($X), the United States ($X) and the Netherlands ($X), together comprising X% of total exports. Spain, Italy, the UK, Turkey, Mexico, Vietnam, Germany, South Korea, Poland and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Ireland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average potato starch export price amounted to $X per ton, rising 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 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Vietnam ($X per ton), while the average price for exports to France ($X per ton) and the UK ($X per ton) were amongst the lowest.

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

Potato Starch Imports

Imports into Belgium

In 2022, supplies from abroad of potato starch decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, potato starch imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of potato starch to Belgium, with a X% share of total imports. Moreover, potato starch imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, France ($X) constituted the largest supplier of potato starch to Belgium, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($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 France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average potato starch import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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