South Africa: Potato Starch Market 2024

Potato Starch Market Size in South Africa

The South African potato starch market dropped slightly to $X in 2021, falling by -2.5% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Potato Starch Production in South Africa

In value terms, potato starch production shrank dramatically to $X in 2021 estimated in export price. Overall, production showed a perceptible slump. The pace of growth was the most pronounced in 2016 with an increase of 65% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Potato Starch Exports

Exports from South Africa

In 2021, the amount of potato starch exported from South Africa skyrocketed to X tons, increasing by 360% compared with 2020. Overall, exports enjoyed a strong increase. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports surged to $X in 2021. In general, exports continue to indicate a measured increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Zimbabwe (X tons), Botswana (X tons) and Namibia (X tons) were the main destinations of potato starch exports from South Africa, with a combined 88% share of total exports. These countries were followed by Swaziland, Mauritius, Lesotho, Angola and Zambia, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Swaziland (with a CAGR of +62.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Botswana ($X), Zimbabwe ($X) and Namibia ($X) constituted the largest markets for potato starch exported from South Africa worldwide, with a combined 89% share of total exports. These countries were followed by Swaziland, Mauritius, Angola, Lesotho and Zambia, which together accounted for a further 9.9%.

Swaziland, with a CAGR of +53.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, with an increase of 3.8% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 96%. The export price peaked 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 for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Starch Imports

Imports into South Africa

Potato starch imports into South Africa skyrocketed to X tons in 2021, rising by 204% on 2020. In general, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports skyrocketed to $X in 2021. Overall, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest potato starch supplier to South Africa, with a 50% share of total imports. Moreover, potato starch imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +148.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+76.1% per year) and Germany (+14.4% per year).

In value terms, Poland ($X) constituted the largest supplier of potato starch to South Africa, comprising 44% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland totaled +140.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+64.5% per year) and Germany (+15.8% per year).

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, shrinking by -41.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then shrank notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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