MERCOSUR: Modified Starches Market 2025

Modified Starches Market Size in MERCOSUR

The MERCOSUR modified starches market fell modestly to $X in 2022, with a decrease of -3.1% against the previous year. Overall, consumption showed a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Modified Starches Production in MERCOSUR

In value terms, modified starches production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 19%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports in MERCOSUR

In 2022, shipments abroad of dextrins and other modified starches increased by 22% to X tons, rising for the third consecutive year after three years of decline. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +103.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, modified starches exports skyrocketed to $X in 2022. Overall, exports showed a notable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Brazil (X tons) was the largest exporter of dextrins and other modified starches, generating 85% of total exports. It was distantly followed by Argentina (X tons), creating an 11% share of total exports. Paraguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from Brazil stood at +6.5%. At the same time, Paraguay (+12.0%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +12.0% from 2012-2022. By contrast, Argentina (-6.4%) illustrated a downward trend over the same period. While the share of Brazil (+20 p.p.) and Paraguay (+2.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (-20.3 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest modified starches supplier in MERCOSUR, comprising 89% of total exports. The second position in the ranking was taken by Argentina ($X), with a 7% share of total exports.

In Brazil, modified starches exports increased at an average annual rate of +5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-6.0% per year) and Paraguay (+16.6% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by 36% against the previous year. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Modified Starches Imports

Imports in MERCOSUR

In 2022, overseas purchases of dextrins and other modified starches increased by 4.2% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, modified starches imports soared to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Chile (X tons), Argentina (X tons), Paraguay (X tons) and Colombia (X tons) represented roughly 79% of total imports in 2022. Peru (X tons) took a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (6%) and Ecuador (5.5%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Paraguay (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Brazil ($X), with a combined 61% share of total imports. Colombia, Paraguay, Peru and Ecuador lagged somewhat behind, together accounting for a further 37%.

Paraguay, with a CAGR of +38.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform