IndexBox has just published a new report, the World – Dextrins And Other Modified Starches – Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report’s key findings.

The global modified starches market revenue amounted to $15.9B in 2017, reducing by -3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price).

In general, modified starches consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the market value increased by 16% y-o-y. Over the period under review, the global modified starches market attained its peak figure level at $20B in 2011; however, from 2012 to 2017, consumption failed to regain its momentum.

Production 2007-2017

Global modified starches production stood at 21M tonnes in 2017, growing by 2.2% against the previous year.

Exports 2007-2017

In 2017, the amount of dextrins and other modified starches exported worldwide totaled 3.5M tonnes, picking up by 6.5% against the previous year. Overall, modified starches exports continue to indicate a relatively flat trend pattern.

In value terms, modified starches exports amounted to $3.1B (IndexBox estimates) in 2017. The total export value increased at an average annual rate of +1.7% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global exports peaked at $3.4B in 2014; however, from 2015 to 2017, exports remained at a lower figure.

Exports by Country

In 2017, Thailand (968K tonnes), distantly followed by France (486K tonnes), the Netherlands (468K tonnes), the U.S. (310K tonnes) and Germany (303K tonnes) were the main exporters of dextrins and other modified starches, together mixed up 72% of total exports. The following exporters – Italy (131K tonnes), Viet Nam (95K tonnes), Belgium (94K tonnes), China (84K tonnes), Austria (84K tonnes), Sweden (69K tonnes) and Bulgaria (62K tonnes) together made up 18% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Austria, while the other global leaders experienced more modest paces of growth.

In value terms, the largest modified starches markets worldwide were Thailand ($626M), the Netherlands ($441M) and France ($377M), with a combined 47% share of global exports. The U.S., Germany, Austria, Italy, China, Sweden, Belgium, Viet Nam and Bulgaria lagged somewhat behind, together accounting for a further 40%.

Export Prices by Country

The average modified starches export price stood at $876 per tonne in 2017, declining by -2.6% against the previous year. Overall, the modified starches export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of 17% year-to-year. In that year, the average export prices for dextrins and other modified starches attained their peak level of $1 per kg. From 2012 to 2017, the growth in terms of the average export prices for dextrins and other modified starches remained at a lower figure.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Austria ($1,605 per tonne), while Bulgaria ($337 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China, while the other global leaders experienced more modest paces of growth.

Imports 2007-2017

Global imports amounted to 3.6M tonnes in 2017, growing by 1.8% against the previous year.

In value terms, modified starches imports amounted to $3.3B (IndexBox estimates) in 2017. The total import value increased at an average annual rate of +1.6% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global modified starches imports reached their peak figure at $3.8B in 2013; however, from 2014 to 2017, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of modified starches imports in 2017 were Japan (478K tonnes), Germany (360K tonnes) and China (323K tonnes), together resulting at 32% of total import. The following importers – Indonesia (140K tonnes), Finland (132K tonnes), the UK (129K tonnes), South Korea (115K tonnes), Turkey (107K tonnes), Sweden (105K tonnes), the U.S. (105K tonnes), France (101K tonnes) and Canada (95K tonnes) together made up 29% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

In value terms, China ($335M), Japan ($335M) and Germany ($330M) appeared to be the countries with the highest levels of imports in 2017, together comprising 30% of global imports.

Import Prices by Country

The average modified starches import price stood at $929 per tonne in 2017, remaining relatively unchanged against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +1.3%.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the U.S. ($1,573 per tonne), while Finland ($654 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform