Austria: Maize Starch Market 2024

Maize Starch Market Size in Austria

The Austrian maize starch market soared to $X in 2021, rising by 95% against the previous year. Overall, consumption enjoyed a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Maize Starch Production in Austria

In value terms, maize starch production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate modest growth. Maize starch production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Maize Starch Exports

Exports from Austria

In 2019, overseas shipments of maize (corn) starch were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

In value terms, maize starch exports expanded remarkably to $X in 2019. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for maize starch exports from Austria, with a 56% share of total exports. Moreover, maize starch exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 4.6% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+11.1% per year) and the Czech Republic (+6.5% per year).

In value terms, Germany ($X) remains the key foreign market for maize (corn) starch exports from Austria, comprising 57% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by the United States, with a 5.7% share.

From 2012 to 2019, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.7% per year) and the United States (+27.9% per year).

Export Prices by Country

In 2019, the average maize starch export price amounted to $X per ton, waning by -5.1% against the previous year. Over the period under review, the export price showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of 12%. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Starch Imports

Imports into Austria

In 2021, supplies from abroad of maize (corn) starch increased by 27% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 72%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, maize starch imports surged to $X in 2021. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Hungary (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of maize starch imports to Austria, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +90.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize starch suppliers to Austria were Germany ($X), Hungary ($X) and the Czech Republic ($X), with a combined 62% share of total imports.

The Czech Republic, with a CAGR of +92.4%, recorded the highest growth rate of the value of imports, in terms of 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 maize starch import price stood at $X per ton in 2021, rising by 4.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12%. Over the period under review, average import prices hit record highs 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 supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :