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Thailand - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Exports of Modified Starches Decline to $934M in 2023
Thailand Modified Starches Exports
In 2023, shipments abroad of dextrins and other modified starches decreased by -10.2% to 1M tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +1.2% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. The exports peaked at 1.2M tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
In value terms, modified starches exports fell modestly to $934M (IndexBox estimates) in 2023. Overall, total exports indicated a temperate increase from 2013 to 2023: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by +24.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. Over the period under review, the exports attained the peak figure at $946M in 2022, and then fell slightly in the following year.
COUNTRY | Export Value of Modified Starches in Thailand (million USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
Japan | 220 | 213 | 207 | 190 | 187 | 233 | 222 | 203 | 225 | 249 | 246 |
China | 145 | 145 | 133 | 125 | 126 | 160 | 179 | 181 | 213 | 217 | 211 |
Indonesia | 65.3 | 59.7 | 55.4 | 55.2 | 55.0 | 68.3 | 61.3 | 66.8 | 71.8 | 79.7 | 77.7 |
South Korea | 38.6 | 44.1 | 48.0 | 47.6 | 47.2 | 55.1 | 52.6 | 58.2 | 64.4 | 76.7 | 75.7 |
United States | 31.3 | 27.9 | 28.0 | 29.0 | 37.0 | 42.4 | 40.5 | 40.8 | 42.6 | 58.4 | 50.2 |
India | 15.0 | 17.1 | 19.5 | 17.4 | 21.1 | 22.0 | 23.7 | 21.8 | 30.6 | 30.8 | 41.7 |
Vietnam | 11.5 | 13.0 | 12.7 | 12.4 | 14.2 | 18.3 | 22.0 | 25.7 | 26.5 | 29.2 | 30.2 |
Taiwan (Chinese) | 21.2 | 22.0 | 24.0 | 22.3 | 21.6 | 22.8 | 22.4 | 23.0 | 26.3 | 26.2 | 27.3 |
Others | 122 | 137 | 113 | 112 | 111 | 141 | 145 | 130 | 140 | 179 | 175 |
Total | 670 | 679 | 641 | 611 | 620 | 763 | 770 | 750 | 840 | 946 | 934 |
Exports by Country
Japan (289K tons), China (232K tons) and Indonesia (91K tons) were the main destinations of modified starches exports from Thailand, together comprising 60% of total exports. South Korea, the United States, India, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 24%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +9.9%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for modified starches exported from Thailand were Japan ($246M), China ($211M) and Indonesia ($78M), together accounting for 57% of total exports. South Korea, the United States, India, Vietnam and Taiwan (Chinese) lagged somewhat behind, together comprising a further 24%.
Among the main countries of destination, India, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the modified starches price amounted to $912 per ton (FOB, Thailand), picking up by 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 an increase of 29% against the previous year. As a result, the export price attained the peak level of $951 per ton. From 2020 to 2023, the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Australia ($1,148 per ton) and the United States ($1,115 per ton), while the average price for exports to Japan ($851 per ton) and Indonesia ($852 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the modified starches market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024