France: Wheat Starch Market 2024

Wheat Starch Market Size in France

In 2021, the French wheat starch market increased by 7.2% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.8% against 2019 indices. Wheat starch consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Wheat Starch Production in France

In value terms, wheat starch production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.2% against 2015 indices. The growth pace was the most rapid in 2017 with an increase of 26%. Wheat starch production peaked at $X in 2020, and then declined in the following year.

Wheat Starch Exports

Exports from France

In 2021, shipments abroad of wheat starch decreased by -8% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a slight contraction. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, wheat starch exports fell modestly to $X in 2021. Overall, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2018 when exports increased by 25% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for wheat starch exports from France, accounting for a 46% share of total exports. Moreover, wheat starch exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-1.8% per year) and Belgium (+1.4% per year).

In value terms, Germany ($X) remains the key foreign market for wheat starch exports from France, comprising 43% of total exports. The second position in the ranking was taken by the UK ($X), with a 21% share of total exports. It was followed by Belgium, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-5.4% per year) and Belgium (-1.5% per year).

Export Prices by Country

In 2021, the average wheat starch export price amounted to $X per ton, increasing by 8.7% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decline. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.1%), while the prices for the other major destinations experienced a decline.

Wheat Starch Imports

Imports into France

In 2021, supplies from abroad of wheat starch increased by 56% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheat starch imports surged to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of wheat starch imports to France, together comprising 86% of total imports. Germany and Austria lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +117.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat starch suppliers to France were Belgium ($X), the Netherlands ($X) and Italy ($X), with a combined 87% share of total imports. Germany and Austria lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Austria, with a CAGR of +103.3%, saw the highest growth rate of 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 average wheat starch import price stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, the import price, however, saw a mild shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Italy ($X per ton), while the price for Austria ($X per ton) and Belgium ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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