Southern Asia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Southern Asia

The South Asian starch manufacture residues market contracted modestly to $X in 2022, shrinking by -3% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.4% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Southern Asia

In value terms, starch manufacture residues production dropped modestly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 18% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports in Southern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of residues of starch manufacture, when their volume decreased by -59.8% to X tons. Overall, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by 195%. As a result, the exports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, starch manufacture residues exports dropped significantly to $X in 2022. In general, exports, however, enjoyed mild growth. The growth pace was the most rapid in 2017 with an increase of 71%. The level of export peaked at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

India prevails in exports structure, accounting for X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Pakistan (X tons), generating a 9.9% share of total exports.

Exports from India increased at an average annual rate of +3.4% from 2012 to 2022. At the same time, Pakistan (+66.2%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +66.2% from 2012-2022. From 2012 to 2022, the share of Pakistan increased by +9.8 percentage points.

In value terms, India ($X) remains the largest starch manufacture residues supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by 56% against the previous year. Overall, the export price, however, showed a noticeable shrinkage. Over the period under review, the export prices reached the maximum 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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-3.4%).

Starch Manufacture Residues Imports

Imports in Southern Asia

In 2022, overseas purchases of residues of starch manufacture decreased by -4.7% to X tons, falling for the third year in a row after five years of growth. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 162% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, starch manufacture residues imports contracted to $X in 2022. Overall, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of 127% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Bangladesh was the main importing country with an import of about X tons, which resulted at 79% of total imports. Nepal (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (5.8%). India (X tons) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of +37.9% from 2012 to 2022. At the same time, India (+57.4%), Sri Lanka (+39.9%) and Nepal (+8.7%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +57.4% from 2012-2022. From 2012 to 2022, the share of Bangladesh, Sri Lanka and India increased by +43, +3.5 and +2 percentage points, respectively.

In value terms, Bangladesh ($X) constitutes the largest market for imported residues of starch manufacture in Southern Asia, comprising 69% of total imports. The second position in the ranking was held by Nepal ($X), with a 14% share of total imports. It was followed by Sri Lanka, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh stood at +35.4%. The remaining importing countries recorded the following average annual rates of imports growth: Nepal (+9.4% per year) and Sri Lanka (+41.0% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 29%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($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 (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :