Latin America and the Caribbean: Potato Starch Market 2024

Potato Starch Market Size in Latin America and the Caribbean

The Latin American potato starch market amounted to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Potato Starch Production in Latin America and the Caribbean

In value terms, potato starch production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Potato Starch Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of potato starch decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potato starch exports declined markedly to $X in 2022. In general, exports, however, posted a slight expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Mexico was the main exporting country with an export of around X tons, which reached X% of total exports. Brazil (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Guatemala (X%) and Argentina (X%). The following exporters - Peru (X tons), Honduras (X tons) and Chile (X tons) - together made up X% of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%), Guatemala (X%), Argentina (X%), Peru (X%) and Honduras (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Guatemala, Argentina and Peru increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest potato starch supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

In Mexico, potato starch exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Guatemala (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Mexico ($X per ton) was amongst the lowest.

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

Potato Starch Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of potato starch were imported in Latin America and the Caribbean; surging by X% on 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, potato starch imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons) and Mexico (X tons) represented roughly X% of total imports in 2022. Colombia (X tons) ranks next in terms of the total imports with an X% share, followed by Argentina (X%). Costa Rica (X tons), Ecuador (X tons), Honduras (X tons), the Dominican Republic (X tons), Brazil (X tons), Chile (X tons), Uruguay (X tons) and Guatemala (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Peru ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Argentina, Ecuador, Costa Rica, the Dominican Republic, Brazil, Chile, Guatemala, Honduras and Uruguay lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Guatemala ($X per ton), while Honduras ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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