Europe: Maize Starch Market 2024

Maize Starch Market Size in Europe

In 2021, the Europe maize starch market increased by 0.6% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +4.1% 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 peak level in 2021 and is expected to retain growth in the near future.

Maize Starch Production in Europe

In value terms, maize starch production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in the near future.

Maize Starch Exports

Exports in Europe

In 2021, the amount of maize (corn) starch exported in Europe soared to X tons, rising by 26% on the previous year. The total export volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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 +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the eleven major exporters of maize (corn) starch, namely Spain, Germany, France, Ukraine, Serbia, the Netherlands, Russia, Italy, Bulgaria, Hungary and Slovakia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +22.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 52% of total exports. Ukraine, the Netherlands, Italy, Serbia, Bulgaria, Russia, Slovakia and Hungary lagged somewhat behind, together comprising a further 38%.

Russia, with a CAGR of +19.2%, saw the highest growth rate of the value of exports, among 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

The export price in Europe stood at $X per ton in 2021, growing by 12% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

In 2021, overseas purchases of maize (corn) starch were finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 8.6%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, maize starch imports expanded sharply to $X in 2021. Overall, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons) and Germany (X tons) represented roughly 42% of total imports in 2021. It was distantly followed by Italy (X tons), the UK (X tons), Portugal (X tons) and Poland (X tons), together comprising a 26% share of total imports. The Netherlands (X tons), Spain (X tons), Belgium (X tons), the Czech Republic (X tons), Greece (X tons), Croatia (X tons) and Slovakia (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 leading importing countries, was attained by Italy (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. Italy, the Netherlands, Poland, Portugal, Spain, Belgium, the Czech Republic, Greece, Croatia and Slovakia lagged somewhat behind, together accounting for a further 36%.

Italy, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Europe stood at $X per ton in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while Slovakia ($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 mixed trends in the import price figures.

Source: IndexBox Platform