Singapore: Starch Manufacture Residues Market 2022

Starch Manufacture Residues Market Size in Singapore

In 2021, after two years of decline, there was significant growth in the Singaporean starch manufacture residues market, when its value increased by X% to $X. Overall, consumption continues to indicate a resilient 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 Singapore

In value terms, starch manufacture residues production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Starch manufacture residues production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Singapore

In 2021, approx. X tons of residues of starch manufacture were exported from Singapore; surging by X% on 2020 figures. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, starch manufacture residues exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for starch manufacture residues exports from Singapore, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +X%.

In value terms, Malaysia ($X) also remains the key foreign market for starch manufacture residues exports from Singapore.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +X%.

Export Prices by Country

In 2021, the average starch manufacture residues export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a sharp shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -X% per year.

Starch Manufacture Residues Imports

Imports into Singapore

In 2021, supplies from abroad of residues of starch manufacture increased by X% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, starch manufacture residues imports soared to $X in 2021. In general, imports, however, showed a deep downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest starch manufacture residues supplier to Singapore, with a X% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-X% per year) and Japan (+X% per year).

In value terms, China ($X), Malaysia ($X) and Japan ($X) appeared to be the largest starch manufacture residues suppliers to Singapore.

Among the main suppliers, Japan, 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 a decline.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price, however, saw a slight contraction. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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