Brazil: Potato Starch Market 2024

Potato Starch Market Size in Brazil

The Brazilian potato starch market rose slightly to $X in 2021, surging by 4.1% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Potato Starch Production in Brazil

In value terms, potato starch production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 9.3%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Potato Starch Exports

Exports from Brazil

In 2021, overseas shipments of potato starch decreased by -54.9% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 12,473% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports reduced remarkably to $X in 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 2,823%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X tons), Venezuela (X tons) and Chile (X tons) were the main destinations of potato starch exports from Brazil, with a combined 69% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +39.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Colombia ($X), Venezuela ($X) and Chile ($X) constituted the largest markets for potato starch exported from Brazil worldwide, with a combined 69% share of total exports.

In terms of the main countries of destination, Chile, with a CAGR of +30.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, dropping by -4.2% against the previous year. Over the period under review, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2015 an increase of 248%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Venezuela ($X per ton) and Argentina ($X per ton), while the average price for exports to Colombia ($X per ton) and Ecuador ($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 the Dominican Republic (+1.0%), while the prices for the other major destinations experienced a decline.

Potato Starch Imports

Imports into Brazil

In 2021, approx. X tons of potato starch were imported into Brazil; with an increase of 30% against the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports rose remarkably to $X in 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest potato starch supplier to Brazil, accounting for a 56% share of total imports. Moreover, potato starch imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+94.8% per year) and the Netherlands (-3.3% per year).

In value terms, the largest potato starch suppliers to Brazil were Germany ($X), the Netherlands ($X) and France ($X), together accounting for 98% of total imports.

Among the main suppliers, France, with a CAGR of +76.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, reducing by -16.3% against the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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