Southern Asia: Potato Starch Market 2024

Potato Starch Market Size in Southern Asia

In 2021, after four years of growth, there was decline in the South Asian potato starch market, when its value decreased by -2.1% to $X. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Potato Starch Production in Southern Asia

In value terms, potato starch production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 54%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Potato Starch Exports

Exports in Southern Asia

Potato starch exports soared to X tons in 2021, growing by 294% against 2020. Overall, exports saw prominent growth. The growth pace was the most rapid in 2016 when exports increased by 560%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India prevails in exports structure, resulting at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Bangladesh (X tons), achieving a 6.8% share of total exports.

India was also the fastest-growing in terms of the potato starch exports, with a CAGR of +20.7% from 2012 to 2021. At the same time, Bangladesh (+19.4%) displayed positive paces of growth. While the share of India (+33 p.p.) and Bangladesh (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest potato starch supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, reducing by -59.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 when the export price increased by 163%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, 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 Bangladesh ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.5%).

Potato Starch Imports

Imports in Southern Asia

In 2021, after three years of decline, there was significant growth in purchases abroad of potato starch, when their volume increased by 62% to X tons. Overall, imports saw prominent growth. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, potato starch imports soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.8% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 69%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X tons) and Bangladesh (X tons) represented the key importers of potato starch in Southern Asia, together generating 82% of total imports. It was distantly followed by India (X tons), creating a 17% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bangladesh (with a CAGR of +23.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Bangladesh ($X) and India ($X) constituted the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

Bangladesh, with a CAGR of +19.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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, falling by -18.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2019 when the import price increased by 14% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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