Switzerland: Modified Starches Market 2024

Modified Starches Market Size in Switzerland

The Swiss modified starches market fell slightly to $X in 2022, approximately equating the previous year. Over the period under review, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +10.4% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Modified Starches Production in Switzerland

In value terms, modified starches production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports from Switzerland

In 2022, overseas shipments of dextrins and other modified starches decreased by -0.6% to X tons, falling for the fourth year in a row after four years of growth. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.5% against 2018 indices. The growth pace was the most rapid in 2017 when exports increased by 31% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, modified starches exports rose markedly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 96% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Germany (X tons) and the UK (X tons) were the main destinations of modified starches exports from Switzerland, with a combined 80% share of total exports. Australia, Bangladesh, France, Austria and Italy lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +72.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the UK ($X) appeared to be the largest markets for modified starches exported from Switzerland worldwide, together comprising 68% of total exports. Australia, France, Bangladesh, Austria and Italy lagged somewhat behind, together comprising a further 25%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +31.2%, recorded the highest growth rate of 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 2022, the average modified starches export price amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Modified Starches Imports

Imports into Switzerland

In 2022, approx. X tons of dextrins and other modified starches were imported into Switzerland; waning by -11.9% compared with the previous year's figure. Over the period under review, imports saw a noticeable decline. The growth pace was the most rapid in 2017 with an increase of 6.5% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, modified starches imports amounted to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of modified starches to Switzerland, accounting for a 63% share of total imports. Moreover, modified starches imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), eightfold. The third position in this ranking was held by the Netherlands (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.6% per year) and the Netherlands (-18.0% per year).

In value terms, Germany ($X) constituted the largest supplier of dextrins and other modified starches to Switzerland, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.2% per year) and the Netherlands (-13.0% per year).

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, with an increase of 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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