India: Maize Starch Market 2025

Maize Starch Market Size in India

In 2021, the Indian maize starch market decreased by -15.6% to $X, falling for the second year in a row after eight years of growth. Over the period under review, consumption, however, saw a prominent expansion. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Maize Starch Production in India

In value terms, maize starch production stood at $X in 2021 estimated in export price. Overall, production, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 41% against the previous year. Maize starch production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Maize Starch Exports

Exports from India

In 2021, the amount of maize (corn) starch exported from India skyrocketed to X tons, jumping by 94% compared with the year before. Over the period under review, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 129% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, maize starch exports surged to $X in 2021. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 134% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Malaysia (X tons), Indonesia (X tons) and Vietnam (X tons) were the main destinations of maize starch exports from India, with a combined 45% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +75.7%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) appeared to be the largest markets for maize starch exported from India worldwide, with a combined 42% share of total exports.

Vietnam, with a CAGR of +70.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average maize starch export price amounted to $X per ton, increasing by 9.9% against the previous year. In general, the export price, however, recorded 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 stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Kenya ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to Indonesia ($X per ton) and Bangladesh ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (-1.5%), while the prices for the other major destinations experienced a decline.

Maize Starch Imports

Imports into India

In 2021, the amount of maize (corn) starch imported into India expanded sharply to X tons, with an increase of 15% on the year before. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 72%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, maize starch imports dropped to $X in 2021. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 71%. Over the period under review, imports hit record highs at $X in 2020, and then contracted modestly in the following year.

Imports by Country

Italy (X tons), Belgium (X tons) and France (X tons) were the main suppliers of maize starch imports to India, together accounting for 45% of total imports.

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 +52.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Belgium ($X) and Italy ($X) were the largest maize starch suppliers to India, with a combined 57% share of total imports.

Belgium, with a CAGR of +59.1%, recorded the highest growth rate of 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

In 2021, the average maize starch import price amounted to $X per ton, shrinking by -13.9% against the previous year. In general, the import price saw a slight decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 51% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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