EU: Potato Starch Market 2024

Potato Starch Market Size in the EU

In 2021, the EU potato starch market decreased by -3.8% to $X, falling for the second year in a row after four years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Potato Starch Production in the EU

In value terms, potato starch production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 12% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Potato Starch Exports

Exports in the EU

In 2021, shipments abroad of potato starch increased by 59% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +81.5% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato starch exports soared to $X in 2021. Total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.0% against 2018 indices. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the major exporting country with an export of about X tons, which reached 45% of total exports. Poland (X tons) ranks second in terms of the total exports with a 22% share, followed by France (20%) and Belgium (7.1%). The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to potato starch exports from Germany stood at -1.7%. At the same time, Poland (+9.1%), Belgium (+4.2%) and the Czech Republic (+3.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +9.1% from 2012-2021. France experienced a relatively flat trend pattern. From 2012 to 2021, the share of France and Poland increased by +20 and +8.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest potato starch supplier in the European Union, comprising 49% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports. It was followed by France, with an 18% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at -2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+8.4% per year) and France (0.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, waning by -12.2% against the previous year. Over the period under review, the export price saw a slight setback. The growth pace was the most rapid in 2019 when the export price increased by 14%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and the Czech Republic ($X per ton), while Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Potato Starch Imports

Imports in the EU

In 2021, the amount of potato starch imported in the European Union soared to X tons, jumping by 37% on the previous year's figure. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, 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.

In value terms, potato starch imports amounted to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 17%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), Italy (X tons), Spain (X tons) and France (X tons) were the main importers of potato starch, together making up 83% of total imports. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +10.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch importing markets in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together accounting for 56% of total imports.

Among the main importing countries, Germany, with a CAGR of +9.2%, 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, reducing by -17.9% against the previous year. Overall, the import price recorded a mild contraction. The growth pace was the most rapid in 2018 when the import price increased by 8.8%. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Sweden ($X per ton) and France ($X per ton), while Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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