Australia and Oceania: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Australia and Oceania

In 2022, the starch manufacture residues market in Australia and Oceania increased by 4.8% to $X, rising for the second consecutive year after three years of decline. The total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +12.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Australia and Oceania

In value terms, starch manufacture residues production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Starch Manufacture Residues Exports

Exports in Australia and Oceania

In 2022, approx. X tons of residues of starch manufacture were exported in Australia and Oceania; shrinking by -63.1% against the previous year's figure. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, starch manufacture residues exports fell significantly to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 89%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Australia was the key exporter of residues of starch manufacture in Australia and Oceania, with the volume of exports recording X tons, which was near 77% of total exports in 2022. It was distantly followed by New Zealand (X tons), committing a 23% share of total exports.

Exports from Australia decreased at an average annual rate of -19.0% from 2012 to 2022. At the same time, New Zealand (+163.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +163.6% from 2012-2022. While the share of Australia (+76 p.p.) and New Zealand (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch manufacture residues supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

Among the main exporting countries, New Zealand, with a CAGR of +169.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 21% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 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 Australia (+4.7%).

Starch Manufacture Residues Imports

Imports in Australia and Oceania

Starch manufacture residues imports soared to X tons in 2022, increasing by 78% against 2021. Overall, imports showed a significant increase. The growth pace was the most rapid in 2018 with an increase of 322%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, starch manufacture residues imports soared to $X in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 329% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

New Zealand represented the main importer of residues of starch manufacture in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 81% of total imports in 2022. It was distantly followed by Australia (X tons), achieving a 19% share of total imports.

New Zealand was also the fastest-growing in terms of the residues of starch manufacture imports, with a CAGR of +52.3% from 2012 to 2022. At the same time, Australia (+13.6%) displayed positive paces of growth. While the share of New Zealand (+81 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-80.6 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) constitutes the largest market for imported residues of starch manufacture in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was held by Australia ($X), with a 23% share of total imports.

In New Zealand, starch manufacture residues imports expanded at an average annual rate of +73.2% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by 9.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 22%. The level of import peaked in 2022 and is likely to see gradual 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 Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+13.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :