MERCOSUR: Modified Starches Market 2024

Modified Starches Market Size in MERCOSUR

The MERCOSUR modified starches market dropped slightly to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Modified Starches Production in MERCOSUR

In value terms, modified starches production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports in MERCOSUR

In 2022, shipments abroad of dextrins and other modified starches increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated measured 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 2019 indices. The pace of growth was the most pronounced 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 expected to retain growth in the immediate term.

In value terms, modified starches exports surged to $X in 2022. In general, exports enjoyed a temperate expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil was the main exporter of dextrins and other modified starches in MERCOSUR, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Argentina (X tons), making up an X% share of total exports. Paraguay (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from Brazil stood at X%. At the same time, Paraguay (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Paraguay increased by X and X percentage points, respectively.

In value terms, Brazil ($X) remains the largest modified starches supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

In Brazil, modified starches exports increased 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: Argentina (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced mixed trends in the export price figures.

Modified Starches Imports

Imports in MERCOSUR

In 2022, overseas purchases of dextrins and other modified starches increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, modified starches imports skyrocketed to $X in 2022. Total imports indicated pronounced 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of dextrins and other modified starches, namely Chile, Colombia, Argentina and Paraguay, represented more than two-thirds of total import. Ecuador (X tons) held the next position in the ranking, followed by Peru (X tons) and Brazil (X tons). All these countries together held approx. X% 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 Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches importing markets in MERCOSUR were Chile ($X), Colombia ($X) and Argentina ($X), with a combined X% share of total imports. Brazil, Paraguay, Ecuador and Peru lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 MERCOSUR amounted to $X per ton, jumping 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, import price reached 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 Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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