MERCOSUR: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in MERCOSUR

The MERCOSUR starch manufacture residues market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption recorded a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Starch Manufacture Residues Production in MERCOSUR

In value terms, starch manufacture residues production totaled $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports in MERCOSUR

Starch manufacture residues exports skyrocketed to X tons in 2022, increasing by 242% on the previous year. Over the period under review, exports, however, continue to indicate a noticeable slump. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports skyrocketed to $X in 2022. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina prevails in exports structure, recording X tons, which was near 98% of total exports in 2022. Brazil (X tons) followed a long way behind the leaders.

Exports from Argentina decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Brazil (+76.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +76.8% from 2012-2022. From 2012 to 2022, the share of Brazil increased by +2.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest starch manufacture residues supplier in MERCOSUR, comprising 99% of total exports. The second position in the ranking was taken by Brazil ($X), with a 0.6% share of total exports.

In Argentina, starch manufacture residues exports expanded at an average annual rate of +7.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, jumping by 32% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of 74% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+9.8%).

Starch Manufacture Residues Imports

Imports in MERCOSUR

After two years of decline, supplies from abroad of residues of starch manufacture increased by 14% to X tons in 2022. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 15%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, starch manufacture residues imports soared to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Chile (X tons) and Colombia (X tons) dominates imports structure, together making up 98% of total imports. Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported residues of starch manufacture in MERCOSUR, comprising 67% of total imports. The second position in the ranking was taken by Colombia ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled +8.5%. In the other countries, the average annual rates were as follows: Colombia (+1.4% per year) and Uruguay (+17.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by 7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 21%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform