Eastern Asia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Eastern Asia

The East Asian starch manufacture residues market expanded to $X in 2022, rising by 1.9% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption increased by +66.4% against 2012 indices. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Starch Manufacture Residues Production in Eastern Asia

In value terms, starch manufacture residues production reached $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 41%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Starch Manufacture Residues Exports

Exports in Eastern Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of residues of starch manufacture, when their volume increased by 15% to X tons. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 64%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, starch manufacture residues exports surged to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China (X tons) represented roughly 99% of total exports in 2022.

China was also the fastest-growing in terms of the residues of starch manufacture exports, with a CAGR of +9.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest starch manufacture residues supplier in Eastern Asia.

In China, starch manufacture residues exports expanded at an average annual rate of +12.4% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, growing by 1.7% against the previous year. Export price indicated a noticeable expansion 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 +87.9% against 2017 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 37%. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.6% per year.

Starch Manufacture Residues Imports

Imports in Eastern Asia

In 2022, overseas purchases of residues of starch manufacture increased by 22% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value 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, imports increased by +116.8% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea represented the main importing country with an import of around X tons, which resulted at 65% of total imports. Japan (X tons) held a 24% share (based on physical terms) of total imports, which put it in second place, followed by China (8%). Taiwan (Chinese) (X tons) took a relatively small share of total imports.

Imports into South Korea increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Japan (+3.9%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +3.9% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, China (-3.7%) illustrated a downward trend over the same period. While the share of Japan (+5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starch manufacture residues importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 94% share of total imports.

Japan, with a CAGR of +3.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 7.1% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +83.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 28% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China ($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 (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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