Benelux: Modified Starches Market 2024

Modified Starches Market Size in Benelux

After three years of decline, the Benelux modified starches market increased by 1,059% to $X in 2022. Overall, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modified Starches Production in Benelux

In value terms, modified starches production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Modified Starches Exports

Exports in Benelux

After two years of growth, overseas shipments of dextrins and other modified starches decreased by -10.9% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, modified starches exports totaled $X in 2022. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

The Netherlands represented the main exporter of dextrins and other modified starches in Benelux, with the volume of exports accounting for X tons, which was approx. 77% of total exports in 2022. It was distantly followed by Belgium (X tons), achieving a 23% share of total exports.

Exports from the Netherlands decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, Belgium (+26.1%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +26.1% from 2012-2022. Belgium (+21 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -21% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest modified starches supplier in Benelux, comprising 78% of total exports. The second position in the ranking was taken by Belgium ($X), with a 22% share of total exports.

In the Netherlands, modified starches exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, increasing by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%).

Modified Starches Imports

Imports in Benelux

After five years of growth, overseas purchases of dextrins and other modified starches decreased by -4.9% to X tons in 2022. The total import volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, modified starches imports surged to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Netherlands represented the largest importer of dextrins and other modified starches in Benelux, with the volume of imports resulting at X tons, which was approx. 64% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +2.7%).

In value terms, the Netherlands ($X) constitutes the largest market for imported dextrins and other modified starches in Benelux, comprising 68% of total imports. The second position in the ranking was taken by Belgium ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +4.2%.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, growing by 23% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.5%).

Source: IndexBox Platform