South-Eastern Asia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in South-Eastern Asia

In 2022, the Southeast Asian starch manufacture residues market decreased by -0.5% to $X, falling for the third consecutive year after eight years of growth. Overall, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Starch Manufacture Residues Production in South-Eastern Asia

In value terms, starch manufacture residues production totaled $X in 2022 estimated in export price. Over the period under review, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 31% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Starch Manufacture Residues Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of residues of starch manufacture increased by 20% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, starch manufacture residues exports soared to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 70%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand dominates exports structure, accounting for X tons, which was near 93% of total exports in 2022. Indonesia (X tons) and Vietnam (X tons) took a relatively small share of total exports.

Exports from Thailand decreased at an average annual rate of -5.5% from 2012 to 2022. At the same time, Indonesia (+31.9%) and Vietnam (+25.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.9% from 2012-2022. Indonesia (+2.8 p.p.) and Vietnam (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -6.6% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest starch manufacture residues supplier in South-Eastern Asia, comprising 83% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to -2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+28.8% per year) and Indonesia (+37.0% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by 7% against the previous year. Overall, the export price showed a temperate increase. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the other leaders experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports in South-Eastern Asia

In 2022, the amount of residues of starch manufacture imported in South-Eastern Asia dropped to X tons, shrinking by -2.5% against 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, starch manufacture residues imports stood at $X in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the main importing country with an import of about X tons, which amounted to 55% of total imports. Vietnam (X tons) took the second position in the ranking, distantly followed by Thailand (X tons) and Malaysia (X tons). All these countries together took approx. 42% share of total imports. The Philippines (X tons) followed a long way behind the leaders.

Indonesia experienced a relatively flat trend pattern with regard to volume of imports of residues of starch manufacture. At the same time, Vietnam (+10.3%), Malaysia (+8.9%) and Thailand (+4.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +10.3% from 2012-2022. By contrast, the Philippines (-6.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Malaysia and Thailand increased by +11, +4.8 and +2.2 percentage points, respectively.

In value terms, Indonesia ($X) constitutes the largest market for imported residues of starch manufacture in South-Eastern Asia, comprising 57% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Thailand, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia amounted to +1.3%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+10.9% per year) and Thailand (+6.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The level of import peaked in 2022 and is expected to retain 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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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