Global Starch Manufacture Residues Market 2023

Starch Manufacture Residues Market Size

In 2021, the global starch manufacture residues market decreased by -0.4% to $X, falling for the second year in a row after eight years of growth. In general, consumption, however, continues to indicate a prominent expansion. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Starch Manufacture Residues Production

In value terms, starch manufacture residues production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30%. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports

In 2021, shipments abroad of residues of starch manufacture increased by 3.1% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 7.3%. Over the period under review, the global exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, starch manufacture residues exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 22% against the previous year. As a result, the exports attained the peak of $X; afterwards, it flattened through to 2021.

Exports by Country

The United States (X tons) and China (X tons) represented the key exporters of residues of starch manufacture in 2021, amounting to approx. 27% and 22% of total exports, respectively. Germany (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (9%), France (4.8%) and Thailand (4.7%). Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +8.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and France ($X) were the countries with the highest levels of exports in 2021, with a combined 63% share of global exports.

China, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average starch manufacture residues export price amounted to $X per ton, growing by 16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The global export price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the other global leaders experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports

In 2021, supplies from abroad of residues of starch manufacture decreased by -0.2% to X tons, falling for the third consecutive year after three years of growth. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 4.8% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, starch manufacture residues imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, global imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, South Korea (X tons), distantly followed by Germany (X tons), Belgium (X tons), the Netherlands (X tons), Japan (X tons) and Indonesia (X tons) were the main importers of residues of starch manufacture, together creating 55% of total imports. The following importers - Turkey (X tons), France (X tons), Colombia (X tons), Chile (X tons), the United States (X tons), China (X tons) and Vietnam (X tons) - together made up 21% 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 Vietnam (with a CAGR of +12.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Indonesia ($X) and Chile ($X) were the countries with the highest levels of imports in 2021, with a combined 25% share of global imports. These countries were followed by Japan, the Netherlands, Germany, Colombia, Vietnam, France, Belgium, the United States, Turkey and China, which together accounted for a further 37%.

Vietnam, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average starch manufacture residues import price amounted to $X per ton, growing by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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