Thailand: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Thailand

For the third year in a row, the Thai market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Starch other than Wheat, Corn or Potato in Thailand

In value terms, production of starch other than wheat, corn or potato amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports from Thailand

In 2021, overseas shipments of starch other than wheat, corn or potato increased by X% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of starch other than wheat, corn or potato skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of starch other than wheat, corn or potato from Thailand, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), tenfold. The third position in this ranking was held by Japan (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Japan (-X% per year).

In value terms, China ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and the United States (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports into Thailand

In 2021, the amount of starch other than wheat, corn or potato imported into Thailand rose markedly to X tons, with an increase of X% against 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of starch other than wheat, corn or potato soared to $X in 2021. In general, imports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest starch other than wheat, corn or potato supplier to Thailand, with a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with a X% share.

From 2012 to 2021, 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: China (+X% per year) and Lao People's Democratic Republic (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of starch other than wheat, corn or potato to Thailand, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, rising by X% against the previous year. Overall, the import price, however, recorded a noticeable slump. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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