China: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in China

In 2022, the Chinese starch manufacture residues market decreased by -0.3% to $X, falling for the second consecutive year after three years of growth. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. Starch manufacture residues consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Starch Manufacture Residues Production in China

In value terms, starch manufacture residues production expanded to $X in 2022 estimated in export price. In general, production showed a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 63%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from China

After two years of decline, overseas shipments of residues of starch manufacture increased by 15% to X tons in 2022. Over the period under review, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, starch manufacture residues exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

South Korea (X tons) was the main destination for starch manufacture residues exports from China, with a 61% share of total exports. Moreover, starch manufacture residues exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+30.6% per year) and Vietnam (+39.3% per year).

In value terms, South Korea ($X) remains the key foreign market for residues of starch manufacture exports from China, comprising 47% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports. It was followed by Indonesia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+22.5% per year) and Indonesia (+98.9% per year).

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, remaining stable against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by +95.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Indonesia ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into China

In 2022, supplies from abroad of residues of starch manufacture increased by 9.5% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 157%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of starch manufacture residues to China, accounting for a 73% share of total imports. Moreover, starch manufacture residues imports from Thailand exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+11.4% per year) and Vietnam (-44.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of residues of starch manufacture to China, comprising 72% of total imports. The second position in the ranking was taken by Cambodia ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (+19.3% per year) and Vietnam (-46.4% per year).

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, with an increase of 16% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues import price increased by +114.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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