Germany: Potato Starch Market 2024

Potato Starch Market Size in Germany

In 2021, the German potato starch market decreased by -5.6% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, consumption, however, showed buoyant growth. Potato starch consumption peaked at $X in 2020, and then reduced in the following year.

Potato Starch Production in Germany

In value terms, potato starch production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. Potato starch production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Potato Starch Exports

Exports from Germany

In 2021, shipments abroad of potato starch increased by 19% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a slight descent. The pace of growth was the most pronounced in 2015 when exports increased by 25%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, potato starch exports rose remarkably to $X in 2021. Over the period under review, exports, however, recorded a pronounced decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of potato starch exports from Germany, with a combined 44% share of total exports. Sweden, Italy, China, Japan, Peru, the UK, Taiwan (Chinese), Vietnam, Thailand and Spain lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +7.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Germany were the Netherlands ($X), South Korea ($X) and the United States ($X), with a combined 45% share of total exports. Sweden, Italy, Japan, the UK, China, Taiwan (Chinese), Peru, Thailand, Vietnam and Spain lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Sweden, with a CAGR of +9.2%, saw the highest rates of growth with regard to 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

The average potato starch export price stood at $X per ton in 2021, falling by -8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 11%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Peru ($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 Sweden (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Germany

In 2021, the amount of potato starch imported into Germany skyrocketed to X tons, with an increase of 31% against the previous year's figure. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 46% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, potato starch imports soared to $X in 2021. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 45% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

The Netherlands (X tons), France (X tons) and Denmark (X tons) were the main suppliers of potato starch imports to Germany, with a combined 83% share of total imports. Austria, Belgium and Poland lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Denmark ($X) and France ($X) appeared to be the largest potato starch suppliers to Germany, together accounting for 83% of total imports. Austria, Belgium and Poland lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Belgium, with a CAGR of +44.7%, recorded 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

The average potato starch import price stood at $X per ton in 2021, reducing by -7.2% against the previous year. Overall, the import price showed a mild setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 12%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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