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

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

In 2021, the Belgian market for starch other than wheat, corn or potato decreased by -X% to $X, falling for the second year in a row after four years of growth. Overall, consumption saw strong growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, production of starch other than wheat, corn or potato stood at $X in 2021 estimated in export price. Overall, production posted a significant increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Production of peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports from Belgium

In 2021, the amount of starch other than wheat, corn or potato exported from Belgium skyrocketed to X tons, growing by X% on the year before. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The Netherlands (X tons) was the main destination for exports of starch other than wheat, corn or potato from Belgium, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to the Netherlands exceeded the volume sent to the second major destination, the United States (X tons), sevenfold. Denmark (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Denmark (+X% per year).

In value terms, the Netherlands ($X), the United States ($X) and Denmark ($X) were the largest markets for starch other than wheat, corn or potato exported from Belgium worldwide, together comprising X% of total exports. These countries were followed by Germany, Italy, France, Austria, Poland, the UK and Vietnam, which together accounted for a further X the main countries of destination, Poland, with a CAGR of +X%, saw 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

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, falling by -X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price 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, export price for starch other than wheat, corn or potato decreased by -X% against 2014 indices. The growth pace was the most rapid in 2014 an increase of X%. 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 somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Germany (+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 Belgium

In 2021, supplies from abroad of starch other than wheat, corn or potato increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed resilient growth. The growth pace was the most rapid in 2016 with an increase of X%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Overall, imports continue to indicate a mild increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Thailand (X tons) constituted the largest starch other than wheat, corn or potato supplier to Belgium, 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, the Netherlands (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (+X% per year).

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

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

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :