Italy: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Italy

The Italian starch manufacture residues market skyrocketed to $X in 2022, jumping by 19% against the previous year. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.7% against 2019 indices. Starch manufacture residues consumption peaked in 2022 and is expected to retain growth in the immediate term.

Starch Manufacture Residues Production in Italy

In value terms, starch manufacture residues production soared to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +88.8% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in the immediate term.

Starch Manufacture Residues Exports

Exports from Italy

In 2022, overseas shipments of residues of starch manufacture were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 108%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, starch manufacture residues exports soared to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 67%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main destinations of starch manufacture residues exports from Italy, with a combined 61% share of total exports. Greece, Portugal, Norway, Switzerland, the Netherlands, the UK and Ireland lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +197.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch manufacture residues exported from Italy were France ($X), Greece ($X) and Spain ($X), with a combined 56% share of total exports. Germany, Portugal, Norway, Switzerland, the Netherlands, the UK and Ireland lagged somewhat behind, together comprising a further 34%.

Portugal, with a CAGR of +115.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, with an increase of 2.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+39.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Italy

For the fifth consecutive year, Italy recorded growth in supplies from abroad of residues of starch manufacture, which increased by 8.3% to X tons in 2022. Over the period under review, imports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, starch manufacture residues imports soared to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) constituted the largest starch manufacture residues supplier to Italy, with a 52% share of total imports. Moreover, starch manufacture residues imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Slovakia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+0.9% per year) and Slovakia (+6.5% per year).

In value terms, Hungary ($X) constituted the largest supplier of residues of starch manufacture to Italy, comprising 38% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.9% per year) and Germany (+9.2% per year).

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 21%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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