Asia-Pacific: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Asia-Pacific

The Asia-Pacific starch manufacture residues market dropped to $X in 2022, stabilizing at the previous year. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.9% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Asia-Pacific

In value terms, starch manufacture residues production fell slightly to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports in Asia-Pacific

In 2022, starch manufacture residues exports in Asia-Pacific rose sharply to X tons, increasing by 14% compared with 2021 figures. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 41%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, starch manufacture residues exports soared to $X in 2022. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when exports increased by 35% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, China (X tons) represented the key exporter of residues of starch manufacture, generating 79% of total exports. It was distantly followed by Thailand (X tons), generating an 18% share of total exports.

China was also the fastest-growing in terms of the residues of starch manufacture exports, with a CAGR of +9.5% from 2012 to 2022. Thailand (-5.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +29 percentage points.

In value terms, China ($X) remains the largest starch manufacture residues supplier in Asia-Pacific, comprising 81% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports.

In China, starch manufacture residues exports increased at an average annual rate of +12.4% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 2.5% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by +99.2% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 31% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%).

Starch Manufacture Residues Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of residues of starch manufacture was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch manufacture residues imports surged to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

South Korea represented the major importer of residues of starch manufacture in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. 48% of total imports in 2022. Japan (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (12%) and China (5.9%). Vietnam (X tons), Thailand (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to starch manufacture residues imports into South Korea stood at +1.6%. At the same time, Vietnam (+10.3%), Malaysia (+8.9%), Thailand (+4.2%) and Japan (+3.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +10.3% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, China (-3.7%) illustrated a downward trend over the same period. While the share of Japan (+2.9 p.p.) and Vietnam (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (-2 p.p.), Indonesia (-3.2 p.p.) and China (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch manufacture residues importing markets in Asia-Pacific were South Korea ($X), Indonesia ($X) and Japan ($X), together accounting for 70% of total imports. Vietnam, Thailand, China and Malaysia lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, Vietnam, with a CAGR of +10.9%, recorded 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 Asia-Pacific amounted to $X per ton, rising by 4.7% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +49.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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