Report Update Nov 1, 2024

Southern Asia - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Maize Starch Market 2024

Maize Starch Market Size in Southern Asia

After four years of growth, the South Asian maize starch market decreased by -13.7% to $X in 2021. In general, consumption, however, saw a strong increase. The level of consumption peaked at $X in 2020, and then fell in the following year.

Maize Starch Production in Southern Asia

In value terms, maize starch production reduced modestly to $X in 2021 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 24%. Over the period under review, production reached the maximum level at $X in 2020, and then contracted modestly in the following year.

Maize Starch Exports

Exports in Southern Asia

In 2021, exports of maize (corn) starch in Southern Asia soared to X tons, picking up by 88% against 2020. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 115%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, maize starch exports surged to $X in 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 113% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Pakistan (X tons), generating a 6.3% share of total exports.

India was also the fastest-growing in terms of the maize (corn) starch exports, with a CAGR of +15.9% from 2012 to 2021. At the same time, Pakistan (+11.9%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +2.1 percentage points.

In value terms, India ($X) remains the largest maize starch supplier in Southern Asia, comprising 93% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 7.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +13.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, picking up by 8.7% against the previous year. Over the period under review, the export price, however, recorded a perceptible decrease. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.9%).

Maize Starch Imports

Imports in Southern Asia

In 2021, imports of maize (corn) starch in Southern Asia rose significantly to X tons, with an increase of 9.9% compared with 2020. Over the period under review, imports showed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 39%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, maize starch imports skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Bangladesh (X tons) and Sri Lanka (X tons) were the key importers of maize (corn) starch in Southern Asia, together creating 60% of total imports. Nepal (X tons) ranks next in terms of the total imports with an 18% share, followed by Afghanistan (9.2%), India (7%) and Pakistan (5.5%).

From 2012 to 2021, the biggest increases were recorded for Nepal (with a CAGR of +50.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Sri Lanka ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 72% of total imports. Nepal, Afghanistan and Pakistan lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Nepal, with a CAGR of +47.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, picking up by 5% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 an increase of 11%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (corn) starch in Southern Asia?

India remains the largest maize starch consuming country in Southern Asia, accounting for 60% of total volume. Moreover, maize starch consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, fourfold. The third position in this ranking was occupied by Bangladesh, with a 16% share.

What are the largest producers of maize (corn) starch in Southern Asia?

India constituted the country with the largest volume of maize starch production, comprising approx. 63% of total volume. Moreover, maize starch production in India exceeded the figures recorded by the second-largest producer, Pakistan, fourfold. Bangladesh ranked third in terms of total production with a 14% share.

What are the leading exporters of maize (corn) starch in Southern Asia?

In value terms, India remains the largest maize starch supplier in Southern Asia, comprising 85% of total exports. The second position in the ranking was occupied by Pakistan, with a 15% share of total exports.

What are the leading importers of maize (corn) starch in Southern Asia?

In value terms, Bangladesh, Sri Lanka and Nepal were the countries with the highest levels of imports in 2021, with a combined 74% share of total imports.

What is the average export price for maize (corn) starch in Southern Asia?

In 2021, the maize starch export price in Southern Asia amounted to $287 per ton, waning by -14% against the previous year.

What is the average import price for maize (corn) starch in Southern Asia?

The maize starch import price in Southern Asia stood at $429 per ton in 2021, waning by -6% against the previous year.

This report provides an in-depth analysis of the maize starch market in Southern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621113 - Maize (corn) starch

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023