Report Update Nov 1, 2024

Venezuela - Potato Starch - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Potato Starch Market 2024

Potato Starch Market Size in Venezuela

The Venezuelan potato starch market declined modestly to $X in 2021, waning by -4.6% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped modestly in the following year.

Potato Starch Production in Venezuela

In value terms, potato starch production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Potato Starch Exports

Exports from Venezuela

Potato starch exports from Venezuela stood at X tons in 2014, leveling off at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked in 2014 and are likely to see gradual growth in the near future.

In value terms, potato starch exports amounted to $X in 2014. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2014 and are expected to retain growth in the immediate term.

Exports by Country

Costa Rica (X tons) was the main destination for potato starch exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2014 to 2014, the average annual growth rate of volume to Costa Rica was relatively modest.

From 2014 to 2014, the average annual growth rate of value to Costa Rica was relatively modest.

Potato Starch Imports

Imports into Venezuela

In 2021, purchases abroad of potato starch increased by 119% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, showed a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of 588% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, potato starch imports surged to $X in 2021. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 488% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest potato starch supplier to Venezuela, with a 56% share of total imports. Moreover, potato starch imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume from Denmark stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.0% per year) and Belgium (-10.1% per year).

In value terms, Denmark ($X) constituted the largest supplier of potato starch to Venezuela, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Belgium, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Denmark amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-23.4% per year) and Belgium (-10.4% per year).

Import Prices by Country

The average potato starch import price stood at $X per ton in 2021, declining by -15.3% against the previous year. Overall, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 11%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato starch in the world?

The country with the largest volume of potato starch consumption was China, accounting for 19% of total volume. Moreover, potato starch consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of potato starch in the world?

China constituted the country with the largest volume of potato starch production, comprising approx. 19% of total volume. Moreover, potato starch production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of potato starch to Venezuela?

In value terms, Germany constituted the largest supplier of potato starch to Venezuela, comprising 83% of total imports. The second position in the ranking was occupied by Poland, with a 17% share of total imports.

What is the average export price for potato starch in Venezuela?

In 2014, the average potato starch export price amounted to $1,434 per ton, remaining constant against the previous year.

What is the average import price for potato starch in Venezuela?

The average potato starch import price stood at $800 per ton in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the potato starch market in Venezuela. 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 10621115 - Potato starch

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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