China: Potato Starch Market 2024

Potato Starch Market Size in China

The Chinese potato starch market declined modestly to $X in 2021, remaining constant against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.1% against 2016 indices. Potato starch consumption peaked at $X in 2020, and then declined modestly in the following year.

Potato Starch Production in China

In value terms, potato starch production shrank slightly to $X in 2021 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 47%. Over the period under review, production hit record highs at $X in 2020, and then declined modestly in the following year.

Potato Starch Exports

Exports from China

In 2021, shipments abroad of potato starch decreased by -40.1% to X tons, falling for the second consecutive year after four years of growth. In general, exports recorded a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 244%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, potato starch exports declined sharply to $X in 2021. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2019 when exports increased by 218% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Russia (X tons) and Mongolia (X tons) were the main destinations of potato starch exports from China, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +24.1%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for potato starch exported from China were the United States ($X), Russia ($X) and Mongolia ($X), together comprising 88% of total exports.

The United States, with a CAGR of +23.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, picking up by 3.4% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 50%. The export price peaked at $X per ton in 2015; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mongolia ($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 Thailand (+2.6%), while the prices for the other major destinations experienced a decline.

Potato Starch Imports

Imports into China

In 2021, overseas purchases of potato starch increased by 111% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 117% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, potato starch imports surged to $X in 2021. In general, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of potato starch to China, accounting for a 61% share of total imports. Moreover, potato starch imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Malaysia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and Malaysia (+403.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of potato starch to China, comprising 65% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Malaysia, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.7% per year) and Malaysia (+277.0% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, dropping by -16.1% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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