Argentina: Potato Starch Market 2024

Potato Starch Market Size in Argentina

The Argentinian potato starch market shrank slightly to $X in 2021, waning by -3.9% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Potato starch consumption peaked at $X in 2020, and then declined in the following year.

Potato Starch Production in Argentina

In value terms, potato starch production fell to $X in 2021 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.5% against 2013 indices. The growth pace was the most rapid in 2015 when the production volume increased by 16%. Potato starch production peaked at $X in 2020, and then reduced in the following year.

Potato Starch Exports

Exports from Argentina

For the third year in a row, Argentina recorded decline in shipments abroad of potato starch, which decreased by -11% to X tons in 2021. Overall, exports, however, showed a perceptible expansion. The pace of growth appeared the most rapid in 2018 with an increase of 250% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, potato starch exports dropped to $X in 2021. In general, exports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 292% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X tons) was the main destination for potato starch exports from Argentina, with a 95% share of total exports. Moreover, potato starch exports to Switzerland exceeded the volume sent to the second major destination, Uruguay (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +22.3%.

In value terms, Switzerland ($X) remains the key foreign market for potato starch exports from Argentina, comprising 81% of total exports. The second position in the ranking was held by Uruguay ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Switzerland stood at +30.7%.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 63%. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Switzerland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+16.5%).

Potato Starch Imports

Imports into Argentina

In 2021, potato starch imports into Argentina expanded significantly to X tons, growing by 12% on the previous year's figure. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +26.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, potato starch imports contracted to $X in 2021. In general, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.7% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of potato starch imports to Argentina, together comprising 86% of total imports. The Netherlands, Austria, France and Mexico lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +91.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch suppliers to Argentina were Germany ($X), Denmark ($X) and Poland ($X), together comprising 85% of total imports. The Netherlands, Austria, France and Mexico lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, Mexico, with a CAGR of +93.9%, recorded the highest growth rate of 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

The average potato starch import price stood at $X per ton in 2021, dropping by -12.6% against the previous year. Over the period under review, the import price showed a slight downturn. The pace of growth appeared the most rapid in 2019 an increase of 28%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and the Netherlands ($X per ton), while the price for Denmark ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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