Benelux: Wheat Starch Market 2024

Wheat Starch Market Size in Benelux

In 2022, the Benelux wheat starch market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, posted a noticeable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wheat Starch Production in Benelux

In value terms, wheat starch production reduced to $X in 2022 estimated in export price. The total production indicated prominent 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Wheat Starch Exports

Exports in Benelux

For the third year in a row, Benelux recorded growth in shipments abroad of wheat starch, which increased by X% to X tons in 2022. Total exports indicated notable 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, wheat starch exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X tons) represented roughly X% of total exports in 2022.

The Netherlands was also the fastest-growing in terms of the wheat starch exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) also remains the largest wheat starch supplier in Benelux.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands amounted to X%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed a measured expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Wheat Starch Imports

Imports in Benelux

In 2022, approx. X tons of wheat starch were imported in Benelux; with a decrease of X% against 2021. Overall, imports saw a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat starch imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) represented the key importer of wheat starch, making up X% of total imports. It was distantly followed by Belgium (X tons), creating a X% share of total imports.

Imports into the Netherlands decreased at an average annual rate of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of X% from 2012-2022. Belgium (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported wheat starch in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

In the Netherlands, wheat starch imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated a mild 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 import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform

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