Report Update Nov 1, 2024

Thailand - Maize (Corn) Starch - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Maize Starch Market 2024

Maize Starch Market Size in Thailand

The Thai maize starch market amounted to $X in 2021, remaining relatively unchanged against the previous year. In general, consumption posted a buoyant expansion. Maize starch consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Maize Starch Production in Thailand

In value terms, maize starch production reached $X in 2021 estimated in export price. Over the period under review, production enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 35%. Maize starch production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Maize Starch Exports

Exports from Thailand

In 2021, shipments abroad of maize (corn) starch increased by 3% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a slight downturn. The pace of growth was the most pronounced in 2013 with an increase of 153%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, maize starch exports skyrocketed to $X in 2021. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 153%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Bangladesh (X tons), South Korea (X tons) and Vietnam (X tons) were the main destinations of maize starch exports from Thailand, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +898.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) emerged as the key foreign market for maize (corn) starch exports from Thailand, comprising 68% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 19% share of total exports. It was followed by Vietnam, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to South Korea stood at +878.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-3.5% per year) and Vietnam (-16.1% per year).

Export Prices by Country

In 2021, the average maize starch export price amounted to $X per ton, growing by 91% against the previous year. In general, the export price showed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Bangladesh ($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 Malaysia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Maize Starch Imports

Imports into Thailand

After six years of growth, supplies from abroad of maize (corn) starch decreased by -13% to X tons in 2021. Over the period under review, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 92%. As a result, imports reached the peak of X tons, and then reduced in the following year.

In value terms, maize starch imports totaled $X in 2021. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 87% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

India (X tons), China (X tons) and Italy (X tons) were the main suppliers of maize starch imports to Thailand, with a combined 77% share of total imports. Romania, Ukraine, Indonesia, New Zealand, France, the United States and Japan lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +4,441.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest maize starch suppliers to Thailand were India ($X), Italy ($X) and China ($X), together comprising 65% of total imports. Ukraine, Romania, Indonesia, the United States, New Zealand, France and Japan lagged somewhat behind, together comprising a further 31%.

In terms of the main suppliers, Romania, with a CAGR of +4,526.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average maize starch import price amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for India ($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 United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (corn) starch in the world?

The country with the largest volume of maize starch consumption was China, accounting for 21% of total volume. Moreover, maize starch consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.2% share.

What are the largest producers of maize (corn) starch in the world?

The country with the largest volume of maize starch production was China, comprising approx. 22% of total volume. Moreover, maize starch production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of maize (corn) starch to Thailand?

In value terms, India, Italy and China were the largest maize starch suppliers to Thailand, with a combined 65% share of total imports. Ukraine, Romania, Indonesia and Austria lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of maize (corn) starch from Thailand?

In value terms, South Korea emerged as the key foreign market for maize starch exports from Thailand, comprising 69% of total exports. The second position in the ranking was occupied by Bangladesh, with a 19% share of total exports.

What is the average export price for maize (corn) starch in Thailand?

The average maize starch export price stood at $881 per ton in 2021, picking up by 25% against the previous year.

What is the average import price for maize (corn) starch in Thailand?

In 2021, the average maize starch import price amounted to $559 per ton, growing by 8.5% against the previous year.

This report provides an in-depth analysis of the maize starch market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621113 - Maize (corn) starch

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023