Northern America: Starch Manufacture Residues Market 2023

Starch Manufacture Residues Market Size in Northern America

After five years of growth, the North American starch manufacture residues market decreased by -10.1% to $X in 2021. Over the period under review, consumption, however, posted a buoyant increase. As a result, consumption reached the peak level of $X, and then fell in the following year.

Starch Manufacture Residues Production in Northern America

In value terms, starch manufacture residues production reduced to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 +46.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Starch Manufacture Residues Exports

Exports in Northern America

In 2021, after two years of decline, there was growth in overseas shipments of residues of starch manufacture, when their volume increased by 4.5% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 14%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, starch manufacture residues exports soared to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, recording X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Canada (X tons), constituting a 6.5% share of total exports.

Exports from the United States decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Canada (+4.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.9% from 2012-2021. While the share of Canada (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-2.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest starch manufacture residues supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 20% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Starch Manufacture Residues Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of residues of starch manufacture, when their volume increased by 17% to X tons. In general, imports saw a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, starch manufacture residues imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States was the key importer of residues of starch manufacture in Northern America, with the volume of imports recording X tons, which was near 65% of total imports in 2021. It was distantly followed by Canada (X tons), generating a 35% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +5.8%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2021.

Among the main importing countries, the United States, with a CAGR of +2.7%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.5%).

Source: IndexBox Market Intelligence Platform

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