Scandinavia: Modified Starches Market 2024

Modified Starches Market Size in Scandinavia

In 2022, the Scandinavia modified starches market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption saw a pronounced setback. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Modified Starches Production in Scandinavia

In value terms, modified starches production reached $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked in 2022 and is likely to see steady growth in years to come.

Modified Starches Exports

Exports in Scandinavia

In 2022, the amount of dextrins and other modified starches exported in Scandinavia rose to X tons, increasing by X% against 2021. Total exports indicated strong 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 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, modified starches exports rose markedly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, Sweden (X tons) represented the main exporter of dextrins and other modified starches, comprising X% of total exports. It was distantly followed by Finland (X tons), comprising a X% share of total exports.

Sweden was also the fastest-growing in terms of the dextrins and other modified starches exports, with a CAGR of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, Sweden ($X) remains the largest modified starches supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden stood at X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Finland totaled $X per ton.

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

Modified Starches Imports

Imports in Scandinavia

Modified starches imports reduced modestly to X tons in 2022, standing approx. at the previous year's figure. In general, imports showed a abrupt shrinkage. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, modified starches imports rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a pronounced slump. 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

Sweden represented the main importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Finland (X tons), constituting a X% share of total imports. Norway (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X) constitutes the largest market for imported dextrins and other modified starches in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, 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 reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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