Indonesia: Potato Starch Market 2024

Potato Starch Market Size in Indonesia

The Indonesian potato starch market expanded to $X in 2021, with an increase of 1.7% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Potato Starch Production in Indonesia

In value terms, potato starch production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 27%. Potato starch production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Indonesia

In 2021, potato starch exports from Indonesia soared to X tons, growing by 35% on the previous year. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 1,346%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, potato starch exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,507%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the Philippines (X tons) and Cambodia (X tons) were the main destinations of potato starch exports from Indonesia, with a combined 96% 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 China (with a CAGR of +79.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Indonesia were China ($X), the Philippines ($X) and Cambodia ($X), with a combined 83% share of total exports.

Among the main countries of destination, China, with a CAGR of +90.7%, 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

The average potato starch export price stood at $X per ton in 2021, shrinking by -3.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Cambodia ($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 (+6.6%).

Potato Starch Imports

Imports into Indonesia

For the third year in a row, Indonesia recorded growth in supplies from abroad of potato starch, which increased by 13% to X tons in 2021. Over the period under review, imports, however, recorded a mild decrease. The growth pace was the most rapid in 2015 when imports increased by 38% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, potato starch imports reduced slightly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then declined modestly in the following year.

Imports by Country

The Netherlands (X tons), France (X tons) and Germany (X tons) were the main suppliers of potato starch imports to Indonesia, with a combined 46% share of total imports. Denmark, Poland and Belgium lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +22.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest potato starch suppliers to Indonesia were the Netherlands ($X), France ($X) and Germany ($X), together comprising 46% of total imports. Denmark, Poland and Belgium lagged somewhat behind, together accounting for a further 17%.

In terms of the main suppliers, Poland, with a CAGR of +18.9%, 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 2021, the average potato starch import price amounted to $X per ton, with a decrease of -12.2% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato starch import price decreased by -29.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per ton) and the Netherlands ($X per ton), while the price for Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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