Luxembourg: Potato Starch Market 2024

Potato Starch Market Size in Luxembourg

In 2021, the Luxembourg potato starch market decreased by -1% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Potato starch consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Potato Starch Production in Luxembourg

In value terms, potato starch production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 24%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Potato Starch Exports

Exports from Luxembourg

In 2021, exports of potato starch from Luxembourg fell significantly to X kg, waning by -66.5% against the year before. Over the period under review, exports faced a significant curtailment. The pace of growth was the most pronounced in 2015 with an increase of 622% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, potato starch exports declined significantly to $X in 2021. Overall, exports showed a sharp setback. The pace of growth appeared the most rapid in 2015 with an increase of 241% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X kg) was the main destination for potato starch exports from Luxembourg, accounting for a 52% share of total exports. Moreover, potato starch exports to Belgium exceeded the volume sent to the second major destination, France (X kg), twofold. The third position in this ranking was held by Germany (X kg), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at -28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-36.6% per year) and Germany (-12.5% per year).

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the largest markets for potato starch exported from Luxembourg worldwide, together comprising 93% of total exports. These countries were followed by Austria and Azerbaijan, which together accounted for a further 6.9%.

In terms of the main countries of destination, Austria, with a CAGR of +77.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, with a decrease of -45.1% against the previous year. Overall, the export price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 84%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+86.8%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Luxembourg

For the fourth consecutive year, Luxembourg recorded decline in purchases abroad of potato starch, which decreased by -24.1% to X tons in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 16%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, potato starch imports skyrocketed to $X in 2021. In general, imports recorded a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of potato starch to Luxembourg, with a 66% share of total imports. Moreover, potato starch imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Belgium amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.8% per year) and the Netherlands (-17.5% per year).

In value terms, Belgium ($X) constituted the largest supplier of potato starch to Luxembourg, comprising 85% of total imports. The second position in the ranking was taken by France ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+8.0% per year) and the Netherlands (-12.8% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, with an increase of 64% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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