Australia: Potato Starch Market 2024

Potato Starch Market Size in Australia

The Australian potato starch market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Potato Starch Production in Australia

In value terms, potato starch production expanded notably to $X in 2021 estimated in export price. In general, production, however, showed a mild contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 23%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Australia

For the fourth consecutive year, Australia recorded decline in shipments abroad of potato starch, which decreased by -5.6% to X tons in 2021. Over the period under review, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 104%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports skyrocketed to $X in 2021. In general, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for potato starch exports from Australia, with a 89% share of total exports. Moreover, potato starch exports to New Zealand exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+19.4% per year) and Papua New Guinea (-11.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for potato starch exports from Australia, comprising 94% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-10.1% per year) and Myanmar (+13.1% per year).

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, jumping by 61% against the previous year. Overall, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 116% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Australia

In 2021, overseas purchases of potato starch were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of potato starch to Australia, with a 45% share of total imports. Moreover, potato starch imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Denmark (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.6% per year) and Denmark (+23.1% per year).

In value terms, the largest potato starch suppliers to Australia were Poland ($X), the Netherlands ($X) and Denmark ($X), together accounting for 74% of total imports.

Denmark, with a CAGR of +21.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, falling by -9.7% against the previous year. In general, the import price recorded a slight descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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