Northern America: Potato Starch Market 2024

Potato Starch Market Size in Northern America

The North American potato starch market expanded significantly to $X in 2021, growing by 12% against the previous year. The total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.9% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Potato Starch Production in Northern America

In value terms, potato starch production reached $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% 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 decreased by -8.6% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Potato Starch Exports

Exports in Northern America

Potato starch exports declined modestly to X tons in 2021, approximately mirroring the previous year. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, potato starch exports declined modestly to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada represented the major exporting country with an export of about X tons, which recorded 77% of total exports. It was distantly followed by the United States (X tons), creating a 23% share of total exports.

Exports from Canada increased at an average annual rate of +1.7% from 2012 to 2021. At the same time, the United States (+2.2%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.2% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest potato starch supplying countries in Northern America were Canada ($X) and the United States ($X).

The United States, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, shrinking by -3.5% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2019 when the export price increased by 7.3% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.2%).

Potato Starch Imports

Imports in Northern America

For the fifth year in a row, Northern America recorded growth in purchases abroad of potato starch, which increased by 14% to X tons in 2021. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.8% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of 22%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, potato starch imports rose slightly to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 16%. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, recording X tons, which was near 93% of total imports in 2021. It was distantly followed by Canada (X tons), making up a 6.7% share of total imports.

The United States was also the fastest-growing in terms of the potato starch imports, with a CAGR of +5.9% from 2012 to 2021. At the same time, Canada (+3.9%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported potato starch in Northern America, comprising 90% of total imports. The second position in the ranking was held by Canada ($X), with a 9.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +3.0%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, shrinking by -10.3% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2019 an increase of 11%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.5%).

Source: IndexBox Platform

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