Scandinavia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Scandinavia

The Scandinavia starch manufacture residues market contracted to $X in 2022, with a decrease of -10.1% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.3% against 2020 indices. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Starch Manufacture Residues Production in Scandinavia

In value terms, starch manufacture residues production fell to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +3.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports in Scandinavia

In 2022, overseas shipments of residues of starch manufacture decreased by -10.2% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 458%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports dropped to $X in 2022. In general, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 321% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway prevails in exports structure, amounting to X tons, which was near 90% of total exports in 2022. It was distantly followed by Sweden (X tons), achieving a 6.2% share of total exports. Finland (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to starch manufacture residues exports from Norway stood at +30.4%. At the same time, Finland (+105.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +105.5% from 2012-2022. By contrast, Sweden (-1.6%) illustrated a downward trend over the same period. Norway (+43 p.p.) and Finland (+3.9 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -47.2% from 2012 to 2022, respectively.

In value terms, Norway ($X) remains the largest starch manufacture residues supplier in Scandinavia, comprising 85% of total exports. The second position in the ranking was held by Sweden ($X), with an 11% share of total exports.

In Norway, starch manufacture residues exports increased at an average annual rate of +34.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (-0.9% per year) and Finland (+87.5% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, picking up by 2.1% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+3.3%), while the other leaders experienced mixed trends in the export price figures.

Starch Manufacture Residues Imports

Imports in Scandinavia

In 2022, after two years of growth, there was significant decline in overseas purchases of residues of starch manufacture, when their volume decreased by -35.8% to X tons. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 42% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, starch manufacture residues imports fell rapidly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 36%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Norway was the key importer of residues of starch manufacture in Scandinavia, with the volume of imports finishing at X tons, which was near 70% of total imports in 2022. It was distantly followed by Sweden (X tons), comprising a 26% share of total imports. Finland (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to starch manufacture residues imports into Norway stood at -6.1%. At the same time, Sweden (+4.8%) and Finland (+3.8%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +4.8% from 2012-2022. From 2012 to 2022, the share of Sweden and Finland increased by +15 and +2.4 percentage points, respectively.

In value terms, Norway ($X) constitutes the largest market for imported residues of starch manufacture in Scandinavia, comprising 74% of total imports. The second position in the ranking was taken by Sweden ($X), with a 23% share of total imports.

In Norway, starch manufacture residues imports declined by an average annual rate of -1.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (+6.6% per year) and Finland (-0.6% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by 26% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +64.7% against 2018 indices. 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 Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform