Germany: Modified Starches Market 2024

Modified Starches Market Size in Germany

The German modified starches market surged to $X in 2022, growing by 17% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modified Starches Production in Germany

In value terms, modified starches production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Modified Starches Exports

Exports from Germany

After two years of growth, overseas shipments of dextrins and other modified starches decreased by -2.2% to X tons in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year. As a result, the exports reached the peak of X tons, and then fell modestly in the following year.

In value terms, modified starches exports totaled $X in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), Italy (X tons) and the UK (X tons) were the main destinations of modified starches exports from Germany, together accounting for 24% of total exports. The United States, Turkey, Austria, France, Switzerland, Poland, South Korea, Spain, China and Morocco lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of +26.7%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Italy ($X) and the UK ($X) were the largest markets for modified starches exported from Germany worldwide, together comprising 25% of total exports. France, Switzerland, the United States, Spain, Poland, Turkey, Austria, Morocco, China and South Korea lagged somewhat behind, together comprising a further 39%.

Among the main countries of destination, Morocco, with a CAGR of +29.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, increasing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to South Korea ($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 France (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into Germany

In 2022, imports of dextrins and other modified starches into Germany declined to X tons, shrinking by -2.6% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 11%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, modified starches imports surged to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Austria (X tons) and France (X tons) were the main suppliers of modified starches imports to Germany, with a combined 67% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +18.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Austria ($X) and France ($X) appeared to be the largest modified starches suppliers to Germany, with a combined 61% share of total imports. Belgium, Italy, the United States, Thailand and the UK lagged somewhat behind, together comprising a further 30%.

In terms of the main suppliers, Belgium, with a CAGR of +15.4%, saw the highest rates of growth with regard to 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

In 2022, the average modified starches import price amounted to $X per ton, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for France ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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