Eastern Asia: Modified Starches Market 2024

Modified Starches Market Size in Eastern Asia

The East Asian modified starches market rose remarkably to $X in 2022, with an increase of 5.9% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Modified Starches Production in Eastern Asia

In value terms, modified starches production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Modified Starches Exports

Exports in Eastern Asia

In 2022, overseas shipments of dextrins and other modified starches increased by 35% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, modified starches exports surged to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 39%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together committing a 10% share of total exports.

Exports from China increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Japan (+2.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +2.5% from 2012-2022. By contrast, Taiwan (Chinese) (-3.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +6.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest modified starches supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +8.4%. In the other countries, the average annual rates were as follows: Japan (+1.8% per year) and Taiwan (Chinese) (-2.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by -11.7% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, modified starches export price increased by +47.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 34% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Modified Starches Imports

Imports in Eastern Asia

Modified starches imports reached X tons in 2022, with an increase of 2.8% against the year before. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, modified starches imports rose notably to $X in 2022. The total import value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

China (X tons) and Japan (X tons) represented roughly 83% of total imports in 2022. South Korea (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.1%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together accounting for 95% of total imports.

Among the main importing countries, China, with a CAGR of +7.6%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, surging by 6.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 6.6% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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