EU: Modified Starches Market 2024

Modified Starches Market Size in the EU

The EU modified starches market surged to $X in 2022, growing by 37% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Modified Starches Production in the EU

In value terms, modified starches production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Modified Starches Exports

Exports in the EU

In 2022, overseas shipments of dextrins and other modified starches decreased by -9% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 8.7% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, modified starches exports reached $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the three major exporters of dextrins and other modified starches, namely the Netherlands, France and Germany, represented more than two-thirds of total export. Italy (X tons) held the next position in the ranking, followed by Belgium (X tons). All these countries together held near 17% share of total exports. Sweden (X tons) and Lithuania (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belgium (with a CAGR of +26.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches supplying countries in the European Union were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 72% of total exports. Belgium, Italy, Sweden and Lithuania lagged somewhat behind, together accounting for a further 21%.

In terms of the main exporting countries, Belgium, with a CAGR of +29.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Lithuania ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Modified Starches Imports

Imports in the EU

In 2022, approx. X tons of dextrins and other modified starches were imported in the European Union; remaining relatively unchanged against 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 3.5%. The volume of import peaked at X tons in 2014; afterwards, it flattened through to 2022.

In value terms, modified starches imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) represented the largest importer of dextrins and other modified starches, achieving 28% of total imports. France (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Sweden (X tons), Poland (X tons), Italy (X tons), Spain (X tons) and Belgium (X tons). All these countries together held approx. 52% share of total imports. Finland (X tons), Austria (X tons), the Czech Republic (X tons) and Portugal (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of dextrins and other modified starches. At the same time, the Czech Republic (+5.8%), Spain (+4.6%), Austria (+2.9%), the Netherlands (+2.7%), Belgium (+2.3%), Poland (+1.6%) and France (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +5.8% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Portugal (-2.7%), Sweden (-2.7%) and Finland (-10.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain and the Netherlands increased by +2.3 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported dextrins and other modified starches in the European Union, comprising 28% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 9.7% share.

In Germany, modified starches imports expanded at an average annual rate of +2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (+2.6% per year) and the Netherlands (+4.2% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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