Denmark: Modified Starches Market 2024

Modified Starches Market Size in Denmark

After two years of growth, the Danish modified starches market decreased by -45.1% to $X in 2022. Overall, consumption, however, posted a mild increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted markedly in the following year.

Modified Starches Production in Denmark

In value terms, modified starches production shrank dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Modified Starches Exports

Exports from Denmark

In 2022, approx. X tons of dextrins and other modified starches were exported from Denmark; surging by 36% against the previous year's figure. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2016 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, modified starches exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 39%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The Netherlands (X tons), the UK (X tons) and India (X tons) were the main destinations of modified starches exports from Denmark, with a combined 48% share of total exports. France, the United States, Germany, Vietnam, Spain, China, Israel, Sweden, Russia and Japan lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +439.4%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), the United States ($X) and the UK ($X) were the largest markets for modified starches exported from Denmark worldwide, together comprising 49% of total exports. India, France, Germany, Spain, Vietnam, Israel, China, Sweden, Russia and Japan lagged somewhat behind, together accounting for a further 29%.

Vietnam, with a CAGR of +439.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average modified starches export price stood at $X per ton in 2022, which is down by -14.2% against the previous year. Overall, the export price continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2013 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 Japan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into Denmark

For the third consecutive year, Denmark recorded decline in supplies from abroad of dextrins and other modified starches, which decreased by -9.8% to X tons in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 65% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, modified starches imports expanded sharply to $X in 2022. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of modified starches imports to Denmark, together comprising 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +49.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest modified starches suppliers to Denmark were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 69% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +47.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average modified starches import price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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