Northern America: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Northern America

The North American starch manufacture residues market rose remarkably to $X in 2022, growing by 5.5% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Starch Manufacture Residues Production in Northern America

In value terms, starch manufacture residues production stood at $X in 2022 estimated in export price. Overall, production saw a mild shrinkage. The growth pace was the most rapid in 2014 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports in Northern America

In 2022, approx. X tons of residues of starch manufacture were exported in Northern America; which is down by -14.8% on 2021 figures. Over the period under review, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports fell modestly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Canada (X tons), achieving an 8% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to starch manufacture residues exports from the United States stood at -2.8%. At the same time, Canada (+4.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.9% from 2012-2022. Canada (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest starch manufacture residues supplier in Northern America, comprising 96% of total exports. The second position in the ranking was taken by Canada ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to -1.0%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by 16% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by +55.3% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 20%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%).

Starch Manufacture Residues Imports

Imports in Northern America

In 2022, starch manufacture residues imports in Northern America dropped to X tons, reducing by -3.1% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports reduced modestly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States was the key importing country with an import of about X tons, which resulted at 66% of total imports. It was distantly followed by Canada (X tons), making up a 34% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United States (with a CAGR of +5.0%).

In value terms, the largest starch manufacture residues importing markets in Northern America were Canada ($X) and the United States ($X).

The United States, with a CAGR of +1.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.5%).

Source: IndexBox Platform

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