EU: Maize Starch Market 2024

Maize Starch Market Size in the EU

The EU maize starch market was estimated at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Maize Starch Production in the EU

In value terms, maize starch production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 16%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Maize Starch Exports

Exports in the EU

Maize starch exports surged to X tons in 2021, increasing by 27% compared with 2020 figures. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, maize starch exports surged to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of maize (corn) starch, namely Spain, Germany and France, represented more than half of total export. The Netherlands (X tons) took a 7.1% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.6%), Bulgaria (6.2%) and Hungary (4.7%).

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +9.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) constituted the countries with the highest levels of exports in 2021, with a combined 63% share of total exports. These countries were followed by the Netherlands, Italy, Bulgaria and Hungary, which together accounted for a further 23%.

Hungary, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 11% against the previous year. In general, the export price, however, recorded a mild shrinkage. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%), while the other leaders experienced a decline in the export price figures.

Maize Starch Imports

Imports in the EU

In 2021, approx. X tons of maize (corn) starch were imported in the European Union; increasing by 3.2% on the year before. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 7.9%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, maize starch imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons) and Germany (X tons) were the key importers of maize (corn) starch in the European Union, together comprising 47% of total imports. Italy (X tons) took the next position in the ranking, followed by Portugal (X tons), Poland (X tons) and the Netherlands (X tons). All these countries together held near 25% share of total imports. The following importers - Spain (X tons), Belgium (X tons), the Czech Republic (X tons), Greece (X tons), Croatia (X tons), Slovakia (X tons) and Denmark (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +14.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize starch importing markets in the European Union were France ($X), Germany ($X) and Italy ($X), with a combined 52% share of total imports.

Among the main importing countries, Italy, with a CAGR of +9.7%, 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 the European Union stood at $X per ton in 2021, increasing by 11% against the previous year. Overall, the import price, however, saw a mild slump. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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