Indonesia: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Indonesia

After two years of decline, the Indonesian market for starch other than wheat, corn or potato increased by X% to $X in 2021. Overall, consumption continues to indicate a sharp shrinkage. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Starch other than Wheat, Corn or Potato in Indonesia

In value terms, production of starch other than wheat, corn or potato totaled less than $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

Exports of Starch other than Wheat, Corn or Potato

Exports from Indonesia

In 2021, overseas shipments of starch other than wheat, corn or potato increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of starch other than wheat, corn or potato rose remarkably to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons) was the main destination for exports of starch other than wheat, corn or potato from Indonesia, accounting for a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Vietnam (+X% per year).

In value terms, China ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for starch other than wheat, corn or potato increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($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 (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into Indonesia

In 2021, purchases abroad of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the fifth year in a row after three years of growth. In general, imports saw a precipitous descent. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of starch other than wheat, corn or potato reduced rapidly to $X in 2021. Overall, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of starch other than wheat, corn or potato to Indonesia, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at -X%.

In value terms, Thailand ($X) constituted the largest supplier of starch other than wheat, corn or potato to Indonesia.

From 2012 to 2021, the average annual growth rate of value from Thailand amounted to -X%.

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +X% per year.

Source: IndexBox Platform

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