France: Modified Starches Market 2024

Modified Starches Market Size in France

In 2022, after two years of growth, there was significant decline in the French modified starches market, when its value decreased by -19.1% to $X. Overall, consumption saw a abrupt setback. Modified starches consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Modified Starches Production in France

In value terms, modified starches production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.4%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Modified Starches Exports

Exports from France

For the third consecutive year, France recorded decline in shipments abroad of dextrins and other modified starches, which decreased by -13.4% to X tons in 2022. Over the period under review, exports recorded a noticeable decline. The pace of growth appeared the most rapid in 2019 with an increase of 33%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, modified starches exports stood at $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 13%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for modified starches exports from France, accounting for a 20% share of total exports. Moreover, modified starches exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.3% per year) and Italy (+0.4% per year).

In value terms, Germany ($X) remains the key foreign market for dextrins and other modified starches exports from France, comprising 18% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.4% share of total exports. It was followed by the UK, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.9% per year) and the UK (+2.5% per year).

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, growing by 19% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, modified starches export price increased by +2.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 54%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($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 Poland (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into France

For the third consecutive year, France recorded growth in overseas purchases of dextrins and other modified starches, which increased by 6.1% to X tons in 2022. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, modified starches imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of modified starches imports to France, together accounting for 66% of total imports. Italy, Slovakia, Austria and Denmark lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to France were the Netherlands ($X), Germany ($X) and Belgium ($X), with a combined 67% share of total imports.

Belgium, with a CAGR of +9.5%, 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 modified starches import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :