Finland: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Finland

After two years of growth, the Finnish starch manufacture residues market decreased by -79.3% to $X in 2022. Overall, consumption recorded a deep setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in Finland

In value terms, starch manufacture residues production contracted dramatically to $X in 2022 estimated in export price. Overall, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 191% against the previous year. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Starch Manufacture Residues Exports

Exports from Finland

In 2022, overseas shipments of residues of starch manufacture were finally on the rise to reach X tons after two years of decline. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,446,771%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports declined sharply to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 1,886,857% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and France (X tons) were the main destinations of starch manufacture residues exports from Finland, together accounting for 90% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +200.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch manufacture residues exported from Finland were Germany ($X), Poland ($X) and France ($X), together accounting for 89% of total exports.

France, with a CAGR of +161.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, waning by -39.4% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2015 an increase of 215% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+8.4%), while the prices for the other major destinations experienced a decline.

Starch Manufacture Residues Imports

Imports into Finland

After two years of growth, overseas purchases of residues of starch manufacture decreased by -71.7% to X tons in 2022. Overall, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2014 with an increase of 124%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, starch manufacture residues imports reduced dramatically to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

Austria (X tons), France (X tons) and Sweden (X tons) were the main suppliers of starch manufacture residues imports to Finland, with a combined 82% share of total imports. Hungary, Germany and Denmark lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), France ($X) and Sweden ($X) constituted the largest starch manufacture residues suppliers to Finland, with a combined 79% share of total imports. Hungary, Germany and Denmark lagged somewhat behind, together comprising a further 19%.

Hungary, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, which is down by -10.3% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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