Hong Kong SAR, China: Maize Starch Market 2024

Maize Starch Market Size in Hong Kong SAR, China

After nine years of growth, the Hong Kong maize starch market decreased by -0.4% to $X in 2021. In general, consumption continues to indicate a prominent expansion. Maize starch consumption peaked at $X in 2020, and then declined in the following year.

Maize Starch Production in Hong Kong SAR, China

In value terms, maize starch production shrank to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 75%. Maize starch production peaked at $X in 2020, and then fell in the following year.

Maize Starch Exports

Exports from Hong Kong SAR, China

In 2021, exports of maize (corn) starch from Hong Kong SAR surged to X tons, rising by 15% against the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 68% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, maize starch exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 43%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and the Netherlands (X tons) were the main destinations of maize starch exports from Hong Kong SAR, with a combined 74% share of total exports. These countries were followed by Australia, the UK, New Zealand, France and Canada, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +101.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maize starch exported from Hong Kong SAR were Macao SAR ($X), China ($X) and the Netherlands ($X), with a combined 67% share of total exports. These countries were followed by Australia, the UK, New Zealand, France and Canada, which together accounted for a further 30%.

In terms of the main countries of destination, France, with a CAGR of +95.4%, recorded 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 maize starch export price stood at $X per ton in 2021, with a decrease of -4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 China (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Starch Imports

Imports into Hong Kong SAR, China

In 2021, the amount of maize (corn) starch imported into Hong Kong SAR skyrocketed to X tons, jumping by 18% against the year before. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, maize starch imports surged to $X in 2021. Over the period under review, imports, however, recorded a mild descent. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of maize starch imports to Hong Kong SAR, together accounting for 76% of total imports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +50.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of maize (corn) starch to Hong Kong SAR, comprising 45% of total imports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+49.5% per year) and South Korea (-1.0% per year).

Import Prices by Country

In 2021, the average maize starch import price amounted to $X per ton, increasing by 7.8% against the previous year. Overall, the import price, however, saw a slight shrinkage. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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