U.S. - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUS Maize Starch Price Soars 9% to Set New Record of $970 per Ton Amidst Wild 2023 Fluctuations
U.S. Maize Starch Export Price in January 2023
In January 2023, the maize starch price amounted to $970 per ton (FOB, US), surging by 9.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 13% against the previous month. Over the period under review, the average export prices hit record highs in January 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($2,309 per ton), while the average price for exports to Mexico ($697 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Maize Starch Exports
In January 2023, the amount of maize (corn) starch exported from the United States rose sharply to 17K tons, with an increase of 6.9% compared with the month before. The total export volume increased at an average monthly rate of +1.1% from January 2022 to January 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in December 2022 when exports increased by 20% month-to-month. The exports peaked at 20K tons in October 2022; however, from November 2022 to January 2023, the exports stood at a somewhat lower figure.
In value terms, maize starch exports surged to $16M (IndexBox estimates) in January 2023. The total export value increased at an average monthly rate of +4.2% over the period from January 2022 to January 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in October 2022 when exports increased by 26% m-o-m. As a result, the exports attained the peak of $17M. From November 2022 to January 2023, the growth of the exports failed to regain momentum.
U.S. Maize Starch Exports by Country
Mexico (11K tons) was the main destination for maize starch exports from the United States, accounting for a 64% share of total exports. Moreover, maize starch exports to Mexico exceeded the volume sent to the second major destination, Canada (3.7K tons), threefold. the UK (692 tons) ranked third in terms of total exports with a 4.1% share.
From January 2022 to January 2023, the average monthly growth rate of volume to Mexico stood at +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (-0.1% per month) and the UK (+15.2% per month).
In value terms, Mexico ($7.5M), Canada ($4.2M) and the UK ($1.6M) were the largest markets for maize starch exported from the United States worldwide, together comprising 81% of total exports.
In terms of the main countries of destination, the UK, with a CAGR of +19.2%, recorded 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.
Maize Starch Prices Experience Fluctuations Amid Changing Demand and Weather Conditions
The price has been fluctuating wildly throughout the year, with market analysts attributing the volatility to a range of factors, including changing demand patterns, weather conditions, and shifts in global trade. Maize starch is a key ingredient in a wide range of food and industrial products, and the price spike is expected to have ripple effects throughout the supply chain.
Manufacturers of corn-based products, such as corn syrup and ethanol, are likely to feel the impact of the rise in prices, along with companies that rely on these products as inputs. The news is likely to be welcomed by corn farmers who stand to benefit from higher prices, but it could prove challenging for consumers and businesses that use these products on a daily basis. Overall, the rise in maize starch prices reflects the ongoing volatility of commodity markets in the United States and the wider global economy.
This report provides an in-depth analysis of the maize starch market in the U.S.. 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 10621113 - Maize (corn) starch
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
