India: Potato Starch Market 2024

Potato Starch Market Size in India

In 2021, the Indian potato starch market decreased by -2.8% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Potato Starch Production in India

In value terms, potato starch production declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +19.8% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 73% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Potato Starch Exports

Exports from India

In 2021, the amount of potato starch exported from India skyrocketed to X tons, picking up by 315% on 2020 figures. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 1,656% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, potato starch exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for potato starch exports from India, accounting for a 82% share of total exports. Moreover, potato starch exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The United States (X kg) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +52.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+26.6% per year) and the United States (-41.4% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for potato starch exports from India, comprising 82% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports. It was followed by the United States, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +54.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+13.2% per year) and the United States (-43.0% per year).

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, waning by -60.2% against the previous year. Over the period under review, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 472%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Saudi Arabia ($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 Indonesia (+74.1%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Starch Imports

Imports into India

In 2021, potato starch imports into India declined sharply to X tons, reducing by -34.8% compared with the previous year's figure. In general, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 124% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, potato starch imports fell markedly to $X in 2021. Over the period under review, imports, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 141%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest potato starch supplier to India, accounting for a 48% share of total imports. Moreover, potato starch imports from Denmark exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark totaled +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+35.0% per year) and France (-9.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of potato starch to India, comprising 50% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by Poland, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.9% per year) and Poland (+33.8% per year).

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, remaining stable against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a 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 France ($X per ton), while the price for Poland ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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