Italy: Potato Starch Market 2024

Potato Starch Market Size in Italy

The Italian potato starch market stood at $X in 2021, with an increase of 4.1% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Potato Starch Production in Italy

In value terms, potato starch production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 43%. Potato starch production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Italy

After five years of growth, shipments abroad of potato starch decreased by -14.9% to X tons in 2021. Overall, exports continue to indicate a mild downturn. The growth pace was the most rapid in 2020 when exports increased by 81%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, potato starch exports contracted to $X in 2021. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 92% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Mexico (X tons), France (X tons) and Spain (X tons) were the main destinations of potato starch exports from Italy, together accounting for 52% of total exports. Portugal, Austria, the United Arab Emirates, Romania, Kuwait, Turkey, Slovenia, the United States, Germany and Switzerland lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +343.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the key foreign market for potato starch exports from Italy, comprising 33% of total exports. The second position in the ranking was held by France ($X), with a 14% share of total exports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at +197.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+36.3% per year) and Portugal (+202.7% per year).

Export Prices by Country

The average potato starch export price stood at $X per ton in 2021, surging by 3.9% against the previous year. In general, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, potato starch export price increased by +24.8% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Kuwait ($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 Switzerland (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Italy

Potato starch imports into Italy rose notably to X tons in 2021, with an increase of 11% compared with 2020. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when imports increased by 12%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, potato starch imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 22%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Austria (X tons) and Denmark (X tons) were the main suppliers of potato starch imports to Italy, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +16.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) constituted the largest potato starch suppliers to Italy, with a combined 73% share of total imports.

Among the main suppliers, Austria, with a CAGR of +13.7%, 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

The average potato starch import price stood at $X per ton in 2021, with a decrease of -10.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 8.9%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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