Canada: Potato Starch Market 2024

Potato Starch Market Size in Canada

In 2021, the Canadian potato starch market increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Potato Starch Production in Canada

In value terms, potato starch production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Potato Starch Exports

Exports from Canada

Potato starch exports from Canada amounted to X tons in 2021, growing by 12% on the year before. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports expanded remarkably to $X in 2021. Over the period under review, exports, however, showed a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 41% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for potato starch exports from Canada, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +1.7%.

In value terms, the United States ($X) also remains the key foreign market for potato starch exports from Canada.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.1%.

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, surging by 1.6% against the previous year. Over the period under review, the export price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -2.8% per year.

Potato Starch Imports

Imports into Canada

In 2021, after two years of growth, there was significant decline in purchases abroad of potato starch, when their volume decreased by -16.7% to X tons. Overall, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of 99% against the previous year. Imports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, potato starch imports shrank remarkably to $X in 2021. In general, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.9% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 21%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of potato starch imports to Canada, together comprising 77% of total imports. The Netherlands, Poland, Austria, Sweden and France lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +16.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Germany ($X) and the United States ($X) appeared to be the largest potato starch suppliers to Canada, with a combined 75% share of total imports. These countries were followed by the Netherlands, Poland, Austria, France and Sweden, which together accounted for a further 22%.

Austria, with a CAGR of +18.5%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2015 an increase of 41%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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