Australia: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Australia

The Australian market for starch other than wheat, corn or potato soared to $X in 2021, with an increase of X% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2016 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Starch other than Wheat, Corn or Potato in Australia

In value terms, production of starch other than wheat, corn or potato contracted markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a precipitous setback. Production of peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports from Australia

Exports of starch other than wheat, corn or potato from Australia dropped sharply to X tons in 2021, which is down by -X% against the year before. Over the period under review, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato declined markedly to $X in 2021. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for exports of starch other than wheat, corn or potato from Australia, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to New Zealand exceeded the volume sent to the second major destination, Thailand (X tons), threefold. New Caledonia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-X% per year) and New Caledonia (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Australia, comprising X% of total exports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total exports. It was followed by Papua New Guinea, with an X% share.

From 2012 to 2021, the average annual growth rate of value to New Zealand stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Caledonia (X% per year) and Papua New Guinea (-X% per year).

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Thailand ($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 Papua New Guinea (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports into Australia

In 2021, purchases abroad of starch other than wheat, corn or potato increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato soared to $X in 2021. Over the period under review, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of starch other than wheat, corn or potato to Australia, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to Australia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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