Pakistan: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Pakistan

The Pakistani starch manufacture residues market shrank to $X in 2022, declining by -9.6% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Pakistan

In value terms, starch manufacture residues production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from Pakistan

In 2022, approx. X tons of residues of starch manufacture were exported from Pakistan; reducing by -9.8% against the previous year. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,258%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, starch manufacture residues exports fell markedly to $X in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 956% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Germany (X tons), the UK (X tons) and Spain (X tons) were the main destinations of starch manufacture residues exports from Pakistan, together comprising 42% of total exports. The Netherlands, France, the United States, Italy, Canada and Turkey lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +177.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Spain ($X) constituted the largest markets for starch manufacture residues exported from Pakistan worldwide, with a combined 42% share of total exports. The United States, the Netherlands, Italy, France, Canada and Turkey lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, the United States, with a CAGR of +102.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, dropping by -39.5% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+406.8%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Pakistan

In 2022, supplies from abroad of residues of starch manufacture decreased by -9.8% to X tons, falling for the fifth year in a row after two years of growth. In general, imports, however, saw a pronounced expansion. The growth pace was the most rapid in 2016 when imports increased by 409% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 285% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest starch manufacture residues supplier to Pakistan, with a 87% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.5%.

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Pakistan, comprising 88% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.8%.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, picking up by 41% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 import price increased by +96.9% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%).

Source: IndexBox Platform

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