Australia and Oceania: Potato Starch Market 2024

Potato Starch Market Size in Australia and Oceania

After two years of decline, the potato starch market in Australia and Oceania increased by 9.9% to $X in 2021. The market value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Potato Starch Production in Australia and Oceania

In value terms, potato starch production rose to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Potato Starch Exports

Exports in Australia and Oceania

For the fourth consecutive year, Australia and Oceania recorded decline in overseas shipments of potato starch, which decreased by -33.3% to X tons in 2021. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, potato starch exports contracted notably to $X in 2021. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 28%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand dominates exports structure, accounting for X tons, which was near 94% of total exports in 2021. It was distantly followed by Australia (X tons), achieving a 6% share of total exports.

New Zealand was also the fastest-growing in terms of the potato starch exports, with a CAGR of -2.1% from 2012 to 2021. Australia (-32.4%) illustrated a downward trend over the same period. New Zealand (+58 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -58.1% from 2012 to 2021, respectively.

In value terms, New Zealand ($X) remains the largest potato starch supplier in Australia and Oceania, comprising 85% of total exports. The second position in the ranking was held by Australia ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at -3.2%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 30% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+18.1%).

Potato Starch Imports

Imports in Australia and Oceania

After two years of decline, supplies from abroad of potato starch increased by 38% to X tons in 2021. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Australia (X tons) was the major importer of potato starch, comprising 75% of total imports. It was distantly followed by New Zealand (X tons), generating a 24% share of total imports.

Imports into Australia increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, New Zealand (+4.9%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.9% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported potato starch in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 28% share of total imports.

In Australia, potato starch imports increased at an average annual rate of +3.2% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, dropping by -5.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 19% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+1.1%).

Source: IndexBox Platform

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