China: Starch Manufacture Residues Market 2022

Starch Manufacture Residues Market Size in China

The Chinese starch manufacture residues market dropped slightly to $X in 2021, waning by -X% against the previous year. Over the period under review, consumption enjoyed a strong increase. Starch manufacture residues consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in China

In value terms, starch manufacture residues production shrank to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Starch manufacture residues production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from China

In 2021, shipments abroad of residues of starch manufacture decreased by -X% to X tons, falling for the second consecutive year after five years of growth. The total export volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, starch manufacture residues exports fell to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for starch manufacture residues exports from China, with a X% share of total exports. Moreover, starch manufacture residues exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Vietnam (+X% per year).

In value terms, the largest markets for starch manufacture residues exported from China were South Korea ($X), Japan ($X) and Vietnam ($X), together comprising X% of total exports. These countries were followed by Indonesia, Malaysia and the Netherlands, which together accounted for a further X the main countries of destination, the Netherlands, 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

The average starch manufacture residues export price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced a decline.

Starch Manufacture Residues Imports

Imports into China

In 2021, overseas purchases of residues of starch manufacture increased by X% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, imports, however, recorded a abrupt contraction. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports surged to $X in 2021. In general, imports, however, recorded a perceptible reduction. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of starch manufacture residues to China, accounting for a X% share of total imports. Moreover, starch manufacture residues imports from Thailand exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand amounted to -X%.

In value terms, Thailand ($X) constituted the largest supplier of starch manufacture residues to China, comprising X% of total imports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand stood at -X%.

Import Prices by Country

In 2021, the average starch manufacture residues import price amounted to $X per ton, growing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Cambodia ($X per ton), while the price for Thailand stood at $X per ton.

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

Source: IndexBox Market Intelligence Platform

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