Japan: Maize Starch Market 2025

Maize Starch Market Size in Japan

The Japanese maize starch market dropped modestly to $X in 2021, remaining relatively unchanged against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.1% 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 increased by +1.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Maize Starch Production in Japan

In value terms, maize starch production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +2.0% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 81%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Maize Starch Exports

Exports from Japan

In 2021, the amount of maize (corn) starch exported from Japan plummeted to X tons, with a decrease of -17.7% on the previous year. Over the period under review, exports recorded a slight setback. The growth pace was the most rapid in 2014 with an increase of 55%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, maize starch exports declined to $X in 2021. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 29% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for maize starch exports from Japan, with a 52% share of total exports. Moreover, maize starch exports to Thailand exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-2.1% per year) and Hong Kong SAR (+43.6% per year).

In value terms, Thailand ($X) remains the key foreign market for maize (corn) starch exports from Japan, comprising 38% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 16% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Thailand amounted to -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-5.7% per year) and China (-7.6% per year).

Export Prices by Country

The average maize starch export price stood at $X per ton in 2021, surging by 6.1% against the previous year. Overall, the export price, however, saw a mild reduction. The growth pace was the most rapid in 2020 an increase of 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Hong Kong SAR ($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 Vietnam (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.

Maize Starch Imports

Imports into Japan

In 2021, approx. X tons of maize (corn) starch were imported into Japan; rising by 41% compared with 2020. Overall, imports recorded significant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 147% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, maize starch imports skyrocketed to $X in 2021. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 59% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

South Korea (X tons), Romania (X tons) and the Netherlands (X tons) were the main suppliers of maize starch imports to Japan, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +212.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the United States ($X) and South Korea ($X) constituted the largest maize starch suppliers to Japan, together accounting for 84% of total imports.

Romania, with a CAGR of +230.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average maize starch import price stood at $X per ton in 2021, with a decrease of -14.2% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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