Southern Asia: Modified Starches Market 2024

Modified Starches Market Size in Southern Asia

The South Asian modified starches market reduced slightly to $X in 2022, falling by -2.6% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Modified Starches Production in Southern Asia

In value terms, modified starches production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports in Southern Asia

In 2022, approx. X tons of dextrins and other modified starches were exported in Southern Asia; growing by 43% on 2021. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +101.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, modified starches exports surged to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +112.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Pakistan (X tons), mixing up a 4.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from India stood at +7.3%. At the same time, Pakistan (+51.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +51.5% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +4.4 percentage points.

In value terms, India ($X) remains the largest modified starches supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was taken by Pakistan ($X), with an 8.5% share of total exports.

In India, modified starches exports increased at an average annual rate of +7.6% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.2%).

Modified Starches Imports

Imports in Southern Asia

In 2022, after three years of growth, there was decline in purchases abroad of dextrins and other modified starches, when their volume decreased by -3.6% to X tons. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when imports increased by 34% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped modestly in the following year.

In value terms, modified starches imports expanded significantly to $X in 2022. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

India was the main importer of dextrins and other modified starches in Southern Asia, with the volume of imports amounting to X tons, which was approx. 63% of total imports in 2022. It was distantly followed by Bangladesh (X tons), committing a 30% share of total imports. The following importers - Pakistan (X tons) and Sri Lanka (X tons) - each accounted for a 6.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to modified starches imports into India stood at +9.4%. At the same time, Bangladesh (+13.4%), Pakistan (+11.8%) and Sri Lanka (+10.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.4% from 2012-2022. Bangladesh (+6.8 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -6.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported dextrins and other modified starches in Southern Asia, comprising 68% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 22% share of total imports. It was followed by Pakistan, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +8.6%. In the other countries, the average annual rates were as follows: Bangladesh (+12.3% per year) and Pakistan (+8.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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