Japan: Modified Starches Market 2024

Modified Starches Market Size in Japan

The Japanese modified starches market surged to $X in 2022, growing by 16% against the previous year. In general, consumption, however, showed a noticeable slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Modified Starches Production in Japan

In value terms, modified starches production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 241% against the previous year. Modified starches production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports from Japan

Modified starches exports from Japan amounted to X tons in 2022, with an increase of 3.2% on the year before. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, modified starches exports contracted to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

China (X tons) was the main destination for modified starches exports from Japan, accounting for a 56% share of total exports. Moreover, modified starches exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was held by South Korea (X tons), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+0.6% per year) and South Korea (-4.7% per year).

In value terms, China ($X) remains the key foreign market for dextrins and other modified starches exports from Japan, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 9% share of total exports. It was followed by France, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.5% per year) and France (-0.2% per year).

Export Prices by Country

The average modified starches export price stood at $X per ton in 2022, shrinking by -11.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to New Zealand ($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 Indonesia (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.

Modified Starches Imports

Imports into Japan

In 2022, overseas purchases of dextrins and other modified starches increased by 5.2% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2017 when imports increased by 8.4% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, modified starches imports expanded rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 16% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest modified starches supplier to Japan, with a 72% share of total imports. Moreover, modified starches imports from Thailand exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), tenfold. The third position in this ranking was held by Denmark (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-2.4% per year) and Denmark (+6.4% per year).

In value terms, Thailand ($X) constituted the largest supplier of dextrins and other modified starches to Japan, comprising 64% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.4% share of total imports. It was followed by Vietnam, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.2% per year) and Vietnam (+0.4% per year).

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, picking up by 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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