Belgium: Potato Starch Market 2024

Potato Starch Market Size in Belgium

After two years of decline, the Belgian potato starch market increased by 243% to $X in 2021. In general, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potato Starch Production in Belgium

In value terms, potato starch production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when the production volume increased by 9.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Potato Starch Exports

Exports from Belgium

In 2021, the amount of potato starch exported from Belgium soared to X tons, picking up by 20% against 2020 figures. In general, exports saw a noticeable expansion. The pace of growth appeared the most rapid in 2017 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, potato starch exports rose slightly to $X in 2021. Over the period under review, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 when exports increased by 45%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons), France (X tons) and the United States (X tons) were the main destinations of potato starch exports from Belgium, together accounting for 51% of total exports. These countries were followed by the UK, Taiwan (Chinese), Italy, Vietnam, South Africa, Ireland, Slovenia, Turkey, Germany and Australia, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +324.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Belgium were the Netherlands ($X), the United States ($X) and France ($X), with a combined 51% share of total exports. These countries were followed by the UK, Taiwan (Chinese), Italy, Vietnam, Slovenia, South Africa, Ireland, Turkey, Germany and Australia, which together accounted for a further 33%.

Ireland, with a CAGR of +295.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, falling by -12.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to the Netherlands ($X per ton) and South Africa ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Belgium

In 2021, supplies from abroad of potato starch increased by 189% to X tons, rising for the second year in a row after three years of decline. In general, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports skyrocketed to $X in 2021. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of potato starch to Belgium, with a 73% share of total imports. Moreover, potato starch imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.9% per year) and Germany (+10.9% per year).

In value terms, France ($X) constituted the largest supplier of potato starch to Belgium, comprising 72% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.4% per year) and Germany (+3.3% per year).

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, with an increase of 9.2% against the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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