Israel: Potato Starch Market 2024

Potato Starch Market Size in Israel

The Israeli potato starch market expanded markedly to $X in 2021, with an increase of 7.7% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.1% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Potato Starch Production in Israel

In value terms, potato starch production expanded notably to $X in 2021 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. Potato starch production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Israel

In 2021, overseas shipments of potato starch were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 1,141% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, potato starch exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 775% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for potato starch exports from Israel, with a 51% share of total exports. Moreover, potato starch exports to the United States exceeded the volume sent to the second major destination, Canada (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a 16% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+195.9% per year) and the UK (-1.4% per year).

In value terms, the United States ($X) remains the key foreign market for potato starch exports from Israel, comprising 51% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports. It was followed by the UK, with a 16% share.

From 2013 to 2021, the average annual growth rate of value to the United States totaled +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+68.2% per year) and the UK (-5.6% per year).

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, dropping by -15.3% against the previous year. Overall, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 95% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained 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 the United States ($X per ton) and Hungary ($X per ton), while the average price for exports to France ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+1.6%), while the prices for the other major destinations experienced a decline.

Potato Starch Imports

Imports into Israel

Potato starch imports into Israel rose modestly to X tons in 2021, surging by 2.2% compared with the previous year. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, potato starch imports contracted to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of potato starch imports to Israel, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Germany ($X) constituted the largest potato starch suppliers to Israel, with a combined 75% share of total imports.

Among the main suppliers, Denmark, with a CAGR of +17.7%, 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 -9.7% against the previous year. In general, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2016 an increase of 30%. The import price peaked 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 highest price was recorded for prices from Denmark ($X per ton) and Poland ($X per ton), while the price for France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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