Australia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Australia

The Australian starch manufacture residues market reduced slightly to $X in 2022, standing approx. at the previous year. Over the period under review, consumption saw a slight descent. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Starch Manufacture Residues Production in Australia

In value terms, starch manufacture residues production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 with an increase of 35%. 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 from Australia

Starch manufacture residues exports from Australia contracted significantly to X tons in 2022, with a decrease of -66.5% against 2021. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 87%. As a result, the exports reached 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 declined notably to $X in 2022. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 86% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for starch manufacture residues exports from Australia, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to New Zealand amounted to -18.2%.

In value terms, New Zealand ($X) also remains the key foreign market for residues of starch manufacture exports from Australia.

From 2015 to 2022, the average annual growth rate of value to New Zealand stood at -13.6%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, picking up by 12% against the previous year. Overall, export price indicated a noticeable increase from 2015 to 2022: its price increased at an average annual rate of +4.7% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by +74.2% against 2018 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 27%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2015 to 2022, the rate of growth in terms of prices for New Zealand amounted to +5.6% per year.

Starch Manufacture Residues Imports

Imports into Australia

In 2022, purchases abroad of residues of starch manufacture increased by 94% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports posted prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 141% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, starch manufacture residues imports surged to $X in 2022. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 126% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest starch manufacture residues supplier to Australia, accounting for a 70% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+325.0% per year) and Germany (+34.2% per year).

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Australia, comprising 72% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports. It was followed by Germany, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +59.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+360.2% per year) and Germany (+34.5% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, growing by 2.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2017 when the average import price increased by 20%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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