Vietnam: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Vietnam

The Vietnamese starch manufacture residues market totaled $X in 2022, surging by 2.1% against the previous year. Overall, consumption showed strong growth. Starch manufacture residues consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Vietnam

In value terms, starch manufacture residues production expanded modestly to $X in 2022 estimated in export price. In general, production saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of 68%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Vietnam

After three years of growth, overseas shipments of residues of starch manufacture decreased by -15.9% to X tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, starch manufacture residues exports declined rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 92% against the previous year. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

China (X tons) was the main destination for starch manufacture residues exports from Vietnam, with a 70% share of total exports. Moreover, starch manufacture residues exports to China exceeded the volume sent to the second major destination, Cambodia (X tons), fivefold. The third position in this ranking was held by Bangladesh (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+77.3% per year) and Bangladesh (+110.5% per year).

In value terms, China ($X) remains the key foreign market for residues of starch manufacture exports from Vietnam, comprising 70% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 15% share of total exports. It was followed by Bangladesh, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+81.2% per year) and Bangladesh (+114.7% per year).

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, reducing by -2% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2018 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and Bangladesh ($X per ton), while the average price for exports to China ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Vietnam

In 2022, after six years of growth, there was decline in supplies from abroad of residues of starch manufacture, when their volume decreased by -4.8% to X tons. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2017 with an increase of 128% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, starch manufacture residues imports contracted to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by 141%. Over the period under review, imports attained the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of starch manufacture residues to Vietnam, with a 64% share of total imports. Moreover, starch manufacture residues imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by India (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.3% per year) and India (+50.6% per year).

In value terms, China ($X) constituted the largest supplier of residues of starch manufacture to Vietnam, comprising 64% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.7% per year) and India (+52.1% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, shrinking by -5.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($X per ton) and the United States ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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