Israel: Maize Starch Market 2024

Maize Starch Market Size in Israel

After five years of growth, the Israeli maize starch market decreased by -12.9% to $X in 2021. Overall, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Maize Starch Production in Israel

In value terms, maize starch production declined to $X in 2021 estimated in export price. Overall, production, however, showed measured growth. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, production reached the peak level of $X, and then contracted in the following year.

Maize Starch Exports

Exports from Israel

In 2021, shipments abroad of maize (corn) starch was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, saw a sharp descent. The growth pace was the most rapid in 2016 when exports increased by 262%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, maize starch exports skyrocketed to $X in 2021. In general, exports, however, showed a precipitous slump. The growth pace was the most rapid in 2016 when exports increased by 260% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Portugal (X tons) were the main destinations of maize starch exports from Israel, with a combined 94% share of total exports. The United States lagged somewhat behind, accounting for a further 6.5%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +55.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for maize starch exported from Israel were Italy ($X), Germany ($X) and Portugal ($X), with a combined 94% share of total exports. These countries were followed by the United States, which accounted for a further 6.5%.

In terms of the main countries of destination, the United States, with a CAGR of +46.8%, saw 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

In 2021, the average maize starch export price amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Portugal ($X per ton), while the average price for exports to Italy ($X per ton) and Germany ($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 Portugal (+1.8%), while the prices for the other major destinations experienced a decline.

Maize Starch Imports

Imports into Israel

In 2021, the amount of maize (corn) starch imported into Israel soared to X tons, growing by 49% against 2020. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2014 with an increase of 60%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, maize starch imports soared to $X in 2021. Over the period under review, imports showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 78%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

France (X tons), Turkey (X tons) and Ukraine (X tons) were the main suppliers of maize starch imports to Israel, with a combined 74% share of total imports. These countries were followed by Germany, the Netherlands, Romania, Indonesia and China, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +61.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Turkey ($X) and Ukraine ($X) appeared to be the largest maize starch suppliers to Israel, together comprising 74% of total imports. Germany, the Netherlands, Romania, Indonesia and China lagged somewhat behind, together comprising a further 24%.

The Netherlands, with a CAGR of +56.6%, saw the highest rates of growth with regard to 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, rising by 7.8% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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