China: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in China

In 2021, the Chinese market for starch other than wheat, corn or potato increased by X% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in years to come.

Exports of Starch other than Wheat, Corn or Potato

Exports from China

Exports of starch other than wheat, corn or potato from China rose notably to X tons in 2021, picking up by X% on 2020 figures. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for exports of starch other than wheat, corn or potato from China, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to South Korea exceeded the volume sent to the second major destination, Thailand (X tons), fourfold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Myanmar (+X% per year).

In value terms, South Korea ($X) remains the key foreign market for starch other than wheat, corn or potato exports from China, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2021, the average annual growth rate of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Myanmar (+X% per year).

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, continues to indicate a slight slump. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Myanmar ($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 Myanmar (+X%), while the prices for the other major destinations experienced a decline.

Imports of Starch other than Wheat, Corn or Potato

Imports into China

For the third consecutive year, China recorded growth in overseas purchases of starch other than wheat, corn or potato, which increased by X% to X tons in 2021. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of starch other than wheat, corn or potato to China, accounting for a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to China, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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