Egypt: Modified Starches Market 2024

Modified Starches Market Size in Egypt

The Egyptian modified starches market fell modestly to $X in 2022, shrinking by -2.5% against the previous year. In general, consumption showed a mild shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Modified Starches Production in Egypt

In value terms, modified starches production dropped modestly to $X in 2022 estimated in export price. In general, production saw a slight decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Modified Starches Exports

Exports from Egypt

In 2022, approx. X tons of dextrins and other modified starches were exported from Egypt; with a decrease of -57.5% compared with the previous year's figure. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 6,040%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, modified starches exports fell remarkably to $X in 2022. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 3,750%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for modified starches exports from Egypt, accounting for a 41% share of total exports. Moreover, modified starches exports to the United States exceeded the volume sent to the second major destination, Zambia (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+78.7% per year) and Japan (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for dextrins and other modified starches exports from Egypt, comprising 41% of total exports. The second position in the ranking was taken by Zambia ($X), with a 20% share of total exports. It was followed by Japan, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+91.0% per year) and Japan (0.0% per year).

Export Prices by Country

The average modified starches export price stood at $X per ton in 2022, with an increase of 12% against the previous year. In general, the export price posted modest growth. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per ton) and the United States ($X per ton), while the average price for exports to Zambia ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+67.8%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into Egypt

In 2022, purchases abroad of dextrins and other modified starches increased by 1.4% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.3% against 2018 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 59%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, modified starches imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +18.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest modified starches supplier to Egypt, with a 36% share of total imports. Moreover, modified starches imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+48.1% per year) and Italy (+2.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of dextrins and other modified starches to Egypt, comprising 36% of total imports. The second position in the ranking was taken by Austria ($X), with a 9.1% share of total imports. It was followed by Italy, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+49.3% per year) and Italy (+3.1% per year).

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and India ($X per ton), while the price for Italy ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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