Global Modified Starches Market 2024

Modified Starches Market Size

The global modified starches market was estimated at $X in 2022, with an increase of 6.2% against the previous year. Over the period under review, consumption continues to indicate mild growth. Global consumption peaked in 2022 and is likely to continue growth in the near future.

Modified Starches Production

In value terms, modified starches production rose to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 22%. Global production peaked in 2022 and is likely to see steady growth in the immediate term.

Modified Starches Exports

Exports

In 2022, after two years of growth, there was decline in shipments abroad of dextrins and other modified starches, when their volume decreased by -2.1% to X tons. The total export volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7% against the previous year. As a result, the exports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, modified starches exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand was the major exporter of dextrins and other modified starches in the world, with the volume of exports finishing at X tons, which was near 31% of total exports in 2022. The Netherlands (X tons) held the second position in the ranking, followed by the United States (X tons), France (X tons) and Germany (X tons). All these countries together took near 37% share of total exports. Vietnam (X tons), Italy (X tons), China (X tons), Belgium (X tons), India (X tons), Sweden (X tons), Turkey (X tons) and Brazil (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from Thailand stood at +2.8%. At the same time, Turkey (+32.5%), Belgium (+26.1%), Vietnam (+7.5%), India (+7.3%), Brazil (+6.5%), Sweden (+5.2%) and China (+1.6%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.5% from 2012-2022. Italy and Germany experienced a relatively flat trend pattern. By contrast, the Netherlands (-2.1%), France (-2.5%) and the United States (-2.6%) illustrated a downward trend over the same period. Thailand (+4.4 p.p.), Belgium (+3 p.p.), Vietnam (+1.9 p.p.) and Turkey (+1.7 p.p.) significantly strengthened its position in terms of the global exports, while France, the United States and the Netherlands saw its share reduced by -4.1%, -4.4% and -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest modified starches supplying countries worldwide were Thailand ($X), the Netherlands ($X) and the United States ($X), together accounting for 47% of global exports. Germany, France, China, Belgium, Italy, Vietnam, Sweden, Brazil, India and Turkey lagged somewhat behind, together accounting for a further 41%.

Among the main exporting countries, Belgium, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, rising by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the other global leaders experienced more modest paces of growth.

Modified Starches Imports

Imports

In 2022, the amount of dextrins and other modified starches imported worldwide was estimated at X tons, surging by 4.3% against the previous year. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, modified starches imports surged to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons), Japan (X tons), Germany (X tons), Indonesia (X tons), the United States (X tons), South Korea (X tons), France (X tons), the Netherlands (X tons), Canada (X tons), the UK (X tons), Russia (X tons) and Sweden (X tons) was the largest importer of dextrins and other modified starches in the world, achieving 62% of total import. Poland (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +10.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 29% share of global imports. The United States, Indonesia, France, the UK, Canada, the Netherlands, South Korea, Russia, Poland and Sweden lagged somewhat behind, together accounting for a further 33%.

The United States, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average modified starches import price amounted to $X per ton, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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