Global Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size

The global starch manufacture residues market dropped slightly to $X in 2022, approximately reflecting the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.1% against 2020 indices. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Starch Manufacture Residues Production

In value terms, starch manufacture residues production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports

In 2022, overseas shipments of residues of starch manufacture increased by 3.1% to X tons, rising for the third consecutive year after two years of decline. The total export 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 pace of growth was the most pronounced in 2021 when exports increased by 9.5% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, starch manufacture residues exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 22% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the three major exporters of residues of starch manufacture, namely China, the United States and Germany, represented more than half of total export. Belgium (X tons) held a 6.4% share (based on physical terms) of total exports, which put it in second place, followed by Nigeria (6.3%), Thailand (5.3%) and France (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Nigeria (with a CAGR of +1,887.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest starch manufacture residues supplying countries worldwide were the United States ($X), China ($X) and France ($X), together comprising 63% of global exports. Germany, Thailand, Belgium and Nigeria lagged somewhat behind, together comprising a further 11%.

Nigeria, with a CAGR of +361.4%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 starch manufacture residues export price amounted to $X per ton, surging by 2.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 the United States ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the other global leaders experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports

In 2022, after four years of decline, there was significant growth in overseas purchases of residues of starch manufacture, when their volume increased by 5.8% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 7%. Over the period under review, global imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, starch manufacture residues imports rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, South Korea (X tons), distantly followed by the Netherlands (X tons), Germany (X tons), Japan (X tons), Indonesia (X tons) and Belgium (X tons) were the main importers of residues of starch manufacture, together mixing up 57% of total imports. Chile (X tons), Colombia (X tons), the United States (X tons), France (X tons), China (X tons), Guatemala (X tons) and Italy (X tons) followed a long way behind the leaders.

Imports into South Korea increased at an average annual rate of +1.6% from 2012 to 2022. At the same time, Guatemala (+19.0%), Chile (+5.9%), the United States (+5.0%), Italy (+4.1%), Japan (+3.9%) and Colombia (+2.6%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in the world, with a CAGR of +19.0% from 2012-2022. Indonesia and the Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-1.8%), France (-2.5%), Belgium (-2.5%) and China (-3.7%) illustrated a downward trend over the same period. While the share of South Korea (+3.4 p.p.), Japan (+2.5 p.p.), Chile (+1.8 p.p.) and Guatemala (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Indonesia ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, with a combined 30% share of global imports. Japan, the Netherlands, Germany, Colombia, France, Belgium, the United States, Italy, China and Guatemala lagged somewhat behind, together comprising a further 34%.

Guatemala, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

The average starch manufacture residues import price stood at $X per ton in 2022, growing by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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