Latin America and the Caribbean: Potato Starch Market 2020

Potato Starch Market Size in Latin America and the Caribbean

The revenue of the potato starch market in Latin America and the Caribbean amounted to $X in 2017, remaining constant against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013, when it surged by X% year-to-year. Over the period under review, the potato starch market attained its peak figure level of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Potato Starch Production in Latin America and the Caribbean

In 2017, potato starch production in Latin America and the Caribbean amounted to X tons, flattening at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2014, with an increase of X% y-o-y. In that year, the potato starch production attained their peak volume of X tons. From 2015 to 2017, growth of the potato starch production failed to regain its momentum.

Potato Starch Exports in Latin America and the Caribbean

The exports amounted to X tons in 2017, rising by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. The volume of exports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, potato starch exports amounted to $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the potato starch exports reached its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Potato Starch Exports by Country in Latin America and the Caribbean

Mexico prevails in potato starch exports structure, resulting at X tons, which was approx. X% of total exports in 2017. Honduras (X tons) ranks second in terms of the global exports with a X% share, followed by the Dominican Republic (X%). The following exporters - Argentina (X tons), Peru (X tons) and Guatemala (X tons) together made up X% of total exports.

Exports from Mexico increased at an average annual rate of +X% from 2007 to 2017. At the same time, Peru (+X%), the Dominican Republic (+X%), Honduras (+X%) and Argentina (+X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Guatemala (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Dominican Republic, Peru, Honduras and Mexico decreased by -X%, -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest potato starch supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by the Dominican Republic ($X), with a X% share of global exports. It was followed by Honduras, with a X% share.

In Mexico, potato starch exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the Dominican Republic (+X% per year) and Honduras (+X% per year).

Potato Starch Export Prices by Country in Latin America and the Caribbean

The potato starch export price in Latin America and the Caribbean stood at $X per ton in 2017, declining by -X% against the previous year. The potato starch export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when the export prices increased by X% y-o-y. Over the period under review, the export prices for potatoes prepared or preserved in the form of flour, meal or flakes reached its peak figure level of $X per ton in 2014; however, from 2015 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the Dominican Republic ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Argentina (+X% per year), while the other leaders experienced more modest paces of growth.

Potato Starch Imports in Latin America and the Caribbean

In 2017, approx. X tons of potatoes prepared or preserved in the form of flour, meal or flakes were imported in Latin America and the Caribbean; coming up by X% against the previous year. The total imports indicated a prominent increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the potato starch imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2013, when imports increased by X% against the previous year. The volume of imports peaked in 2017, and are likely to see steady growth in the immediate term.

In value terms, potato starch imports amounted to $X in 2017. The total imports indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the potato starch imports increased by +X% against 2013 indices. The level of imports peaked in 2017, and are expected to retain its growth in the immediate term.

Potato Starch Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X tons), distantly followed by Argentina (X tons), Trinidad and Tobago (X tons), Chile (X tons), Uruguay (X tons) and Paraguay (X tons) were the key importers of potatoes prepared or preserved in the form of flour, meal or flakes, together making up X% of total imports. The following importers - Brazil (X tons), Jamaica (X tons), Panama (X tons), Guatemala (X tons), Belize (X tons) and Peru (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Belize (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Argentina ($X) and Uruguay ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports. These countries were followed by Chile, Brazil, Trinidad and Tobago, Paraguay, Jamaica, Guatemala, Peru, Panama and Belize, which together accounted for a further X%.

Belize (+X% per year) recorded the highest rates of growth with regard to imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Potato Starch Import Prices by Country in Latin America and the Caribbean

The potato starch import price in Latin America and the Caribbean stood at $X per ton in 2017, declining by -X% against the previous year. The potato starch import price continues to indicate a slight increase. The growth pace was the most rapid in 2008, when the import prices increased by X% against the previous year. Over the period under review, the import prices for potatoes prepared or preserved in the form of flour, meal or flakes attained its peak figure level of $X per ton in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Brazil ($X per ton), while Belize ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Trinidad and Tobago (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform