Southern Asia: Maize Starch Market 2024

Maize Starch Market Size in Southern Asia

In 2022, the South Asian maize starch market was finally on the rise to reach $X after two years of decline. The total consumption indicated resilient 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, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Maize Starch Production in Southern Asia

In value terms, maize starch production declined slightly to $X in 2022 estimated in export price. The total production indicated a buoyant increase 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

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Maize Starch Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of maize (corn) starch, when their volume decreased by X% to X tons. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, maize starch exports skyrocketed to $X in 2022. In general, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Pakistan (X tons), creating a X% share of total exports.

India was also the fastest-growing in terms of the maize (corn) starch exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points.

In value terms, India ($X) remains the largest maize starch supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

In India, maize starch exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Maize Starch Imports

Imports in Southern Asia

After two years of growth, overseas purchases of maize (corn) starch decreased by X% to X tons in 2022. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, maize starch imports amounted to $X in 2022. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Bangladesh (X tons), Sri Lanka (X tons), Nepal (X tons) and Afghanistan (X tons) represented roughly X% of total imports in 2022. It was distantly followed by India (X tons), creating a X% 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 Nepal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Sri Lanka ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Nepal and Afghanistan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Nepal, 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 Southern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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