Australia and Oceania: Modified Starches Market 2024

Modified Starches Market Size in Australia and Oceania

The modified starches market in Australia and Oceania was estimated at $X in 2022, surging by 2.5% against the previous year. In general, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Modified Starches Production in Australia and Oceania

In value terms, modified starches production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 74% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Modified Starches Exports

Exports in Australia and Oceania

In 2022, shipments abroad of dextrins and other modified starches increased by 14% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +62.4% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by 45% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, modified starches exports skyrocketed to $X in 2022. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was approx. 98% of total exports in 2022. New Zealand (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +5.4% from 2012 to 2022. At the same time, New Zealand (+26.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +26.1% from 2012-2022. While the share of New Zealand (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-1.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest modified starches supplier in Australia and Oceania, comprising 98% of total exports. The second position in the ranking was held by New Zealand ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +5.1%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, picking up by 33% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-0.3%).

Modified Starches Imports

Imports in Australia and Oceania

In 2022, modified starches imports in Australia and Oceania expanded markedly to X tons, with an increase of 14% against the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.4% 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 +59.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 14%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, modified starches imports surged to $X in 2022. Over the period under review, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia was the major importing country with an import of around X tons, which resulted at 75% of total imports. It was distantly followed by New Zealand (X tons), creating a 24% share of total imports.

Imports into Australia increased at an average annual rate of +5.2% from 2012 to 2022. At the same time, New Zealand (+6.5%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.5% from 2012-2022. While the share of New Zealand (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-1.9 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported dextrins and other modified starches in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +8.3%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, rising by 9.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2017 when the import price increased by 18% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.0%).

Source: IndexBox Platform

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