Europe: Potato Starch Market 2024

Potato Starch Market Size in Europe

After five years of growth, the Europe potato starch market decreased by -7.2% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; 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 2020, and then declined in the following year.

Potato Starch Production in Europe

In value terms, potato starch production rose notably to $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 remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 14%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Potato Starch Exports

Exports in Europe

In 2021, shipments abroad of potato starch increased by 57% to X tons, rising for the second year in a row after two years of decline. Total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 +78.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch exports surged to $X in 2021. Total exports indicated a measured expansion 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 +31.4% against 2018 indices. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany was the key exporter of potato starch in Europe, with the volume of exports resulting at X tons, which was near 44% of total exports in 2021. It was distantly followed by Poland (X tons), France (X tons) and Belgium (X tons), together constituting a 48% share of total exports. The Czech Republic (X tons) held a minor share of total exports.

Exports from Germany decreased at an average annual rate of -1.7% from 2012 to 2021. 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 Europe, with a CAGR of +9.1% from 2012-2021. France experienced a relatively flat trend pattern. France (+19 p.p.) and Poland (+8.7 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -23.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest potato starch supplier in Europe, comprising 48% of total exports. The second position in the ranking was held by Poland ($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 amounted to -2.3%. In the other countries, the average annual rates were as follows: Poland (+8.4% per year) and France (0.0% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, falling by -12% against the previous year. In general, the export price saw a mild decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 14% against the previous year. 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 Europe

In 2021, approx. X tons of potato starch were imported in Europe; surging by 27% on the year before. The total import volume increased at an average annual rate of +3.9% 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 rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), the UK (X tons), Italy (X tons), Spain (X tons) and France (X tons) were the main importers of potato starch, together achieving 80% of total imports. Russia (X tons), Sweden (X tons) and Poland (X tons) held a little share of total imports.

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 Netherlands ($X), Germany ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2021, with a combined 46% share of total imports.

Germany, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, among 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, dropping by -16.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by 9.3% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belgium ($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 UK (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform