Australia and Oceania: Wheat Starch Market 2024

Wheat Starch Market Size in Australia and Oceania

The wheat starch market in Australia and Oceania surged to $X in 2021, growing by 23% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wheat Starch Production in Australia and Oceania

In value terms, wheat starch production expanded remarkably to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.4% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Wheat Starch Exports

Exports in Australia and Oceania

In 2021, shipments abroad of wheat starch decreased by -5.2% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 110% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wheat starch exports rose to $X in 2021. In general, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 87% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) represented the key exporter of wheat starch in Australia and Oceania, comprising 99.9% of total export.

Australia was also the fastest-growing in terms of the wheat starch exports, with a CAGR of +9.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest wheat starch supplier in Australia and Oceania.

In Australia, wheat starch exports increased at an average annual rate of +5.8% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, rising by 10% against the previous year. In general, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2018 when the export price increased by 18% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -3.2% per year.

Wheat Starch Imports

Imports in Australia and Oceania

In 2021, after five years of growth, there was significant decline in overseas purchases of wheat starch, when their volume decreased by -11.9% to X tons. In general, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 49%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, wheat starch imports declined to $X in 2021. Overall, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, imports reached the maximum at $X in 2020, and then fell slightly in the following year.

Imports by Country

New Zealand prevails in imports structure, recording X tons, which was approx. 88% of total imports in 2021. It was distantly followed by Australia (X tons), committing a 7.9% share of total imports. Fiji (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the wheat starch imports, with a CAGR of +14.3% from 2012 to 2021. Australia (-2.2%) and Fiji (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of New Zealand increased by +27 percentage points.

In value terms, New Zealand ($X) constitutes the largest market for imported wheat starch in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was held by Australia ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +13.1%. In the other countries, the average annual rates were as follows: Australia (-3.0% per year) and Fiji (-7.8% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 13% against the previous year. Overall, the import price, however, saw a noticeable descent. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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