Brazil: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Brazil

The Brazilian starch manufacture residues market expanded slightly to $X in 2022, surging by 2.8% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Starch Manufacture Residues Production in Brazil

In value terms, starch manufacture residues production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Brazil

In 2022, the amount of residues of starch manufacture exported from Brazil skyrocketed to X tons, with an increase of 74% compared with the year before. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 6,296%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, starch manufacture residues exports contracted markedly to $X in 2022. Over the period under review, exports recorded noticeable growth. The most prominent rate of growth was recorded in 2019 with an increase of 3,631% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for starch manufacture residues exports from Brazil, accounting for a 55% share of total exports. Moreover, starch manufacture residues exports to Iraq exceeded the volume sent to the second major destination, Jordan (X tons), twofold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 9.7% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to Iraq totaled +88.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+102.4% per year) and Saudi Arabia (-43.3% per year).

In value terms, the largest markets for starch manufacture residues exported from Brazil were the United States ($X), Iraq ($X) and Jordan ($X), with a combined 95% share of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of +125.0%, recorded the highest growth rate of 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

In 2022, the average starch manufacture residues export price amounted to $X per ton, reducing by -66.7% against the previous year. In general, the export price continues to indicate a precipitous curtailment. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+19.5%), while the prices for the other major destinations experienced a decline.

Starch Manufacture Residues Imports

Imports into Brazil

In 2022, approx. X tons of residues of starch manufacture were imported into Brazil; stabilizing at the year before. In general, imports recorded a mild reduction. The pace of growth was the most pronounced in 2015 when imports increased by 265%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, starch manufacture residues imports soared to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 265% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) was the main starch manufacture residues supplier to Brazil, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to -1.1%.

In value terms, France ($X) constituted the largest supplier of residues of starch manufacture to Brazil.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, growing by 41% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +1.7% per year.

Source: IndexBox Platform

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