Australia: Wheat Starch Market 2024

Wheat Starch Market Size in Australia

The Australian wheat starch market soared to $X in 2021, rising by 31% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 -6.5% against 2019 indices. Wheat starch consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wheat Starch Production in Australia

In value terms, wheat starch production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.5% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Wheat Starch Exports

Exports from Australia

In 2021, overseas shipments of wheat starch decreased by -5.2% to X tons, falling for the third consecutive year after four years of growth. Overall, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 110%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wheat starch exports expanded to $X in 2021. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 87% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Taiwan (Chinese) (X tons) and the United States (X tons) were the main destinations of wheat starch exports from Australia, with a combined 52% share of total exports. These countries were followed by China, Thailand, Singapore and Malaysia, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat starch exported from Australia were Indonesia ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 49% share of total exports. Malaysia, Thailand, China and Singapore lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, China, with a CAGR of +45.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wheat starch export price amounted to $X per ton, growing by 10% against the previous year. In general, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Indonesia ($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 Malaysia (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Wheat Starch Imports

Imports into Australia

In 2021, purchases abroad of wheat starch decreased by -56.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when imports increased by 141% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wheat starch imports dropped markedly to $X in 2021. Over the period under review, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of wheat starch imports to Australia, together accounting for 87% of total imports. France, the United States and Belgium lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +53.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the Netherlands ($X) were the largest wheat starch suppliers to Australia, together comprising 86% of total imports. These countries were followed by France, the United States and Belgium, which together accounted for a further 12%.

Among the main suppliers, France, with a CAGR of +54.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wheat starch import price amounted to $X per ton, with an increase of 72% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :