Sweden: Potato Starch Market 2024

Potato Starch Market Size in Sweden

In 2021, the Swedish potato starch market was finally on the rise to reach $X after three years of decline. Overall, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Potato Starch Exports

Exports from Sweden

In 2021, shipments abroad of potato starch increased by 61% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 146% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, potato starch exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 92%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Canada (X tons) and Taiwan (Chinese) (X tons) were the main destinations of potato starch exports from Sweden, together comprising 36% of total exports. These countries were followed by Peru, Hong Kong SAR, Russia, South Korea, Chile, Germany, the Philippines and Georgia, which together accounted for a further 52%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +488.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and Russia ($X) appeared to be the largest markets for potato starch exported from Sweden worldwide, together comprising 42% of total exports. Hong Kong SAR, Peru, Taiwan (Chinese), Germany, South Korea, Georgia, Chile and the Philippines lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, Georgia, with a CAGR of +378.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average potato starch export price amounted to $X per ton, reducing by -17.8% against the previous year. In general, the export price recorded a pronounced setback. The pace of growth was the most pronounced in 2019 an increase of 70% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Potato Starch Imports

Imports into Sweden

In 2021, overseas purchases of potato starch increased by 21% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest potato starch supplier to Sweden, with a 78% share of total imports. Moreover, potato starch imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+34.9% per year) and Denmark (+15.4% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of potato starch to Sweden, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.5% per year) and Denmark (+9.5% per year).

Import Prices by Country

In 2021, the average potato starch import price amounted to $X per ton, rising by 8.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 8.5% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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