Sweden: Wheat Starch Market 2024

Wheat Starch Market Size in Sweden

The Swedish wheat starch market rose modestly to $X in 2021, increasing by 3.3% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wheat Starch Production in Sweden

In value terms, wheat starch production soared to $X in 2021 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Wheat Starch Exports

Exports from Sweden

Wheat starch exports from Sweden soared to X tons in 2021, growing by 55% on 2020. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 377%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, wheat starch exports skyrocketed to $X in 2021. Over the period under review, exports posted a resilient increase. The pace of growth appeared the most rapid in 2019 with an increase of 334%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Finland (X tons) was the main destination for wheat starch exports from Sweden, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Finland amounted to +12.7%.

In value terms, Finland ($X) also remains the key foreign market for wheat starch exports from Sweden.

From 2012 to 2021, the average annual rate of growth in terms of value to Finland amounted to +11.0%.

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2021, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 12%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Finland.

From 2012 to 2021, the rate of growth in terms of prices for Ireland amounted to +2.5% per year.

Wheat Starch Imports

Imports into Sweden

After two years of growth, overseas purchases of wheat starch decreased by -0.9% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 26% against the previous year. Imports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, wheat starch imports reached $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 38%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of wheat starch to Sweden, with a 62% share of total imports. Moreover, wheat starch imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.3% per year) and the Netherlands (+18.2% per year).

In value terms, Germany ($X) constituted the largest supplier of wheat starch to Sweden, comprising 55% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports. It was followed by France, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.6% per year) and France (-8.2% per year).

Import Prices by Country

The average wheat starch import price stood at $X per ton in 2021, growing by 2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.9% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($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 (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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