EU: Wheat Starch Market 2024

Wheat Starch Market Size in the EU

In 2023, the EU wheat starch market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Wheat Starch Production in the EU

In value terms, wheat starch production contracted to $X in 2023 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Wheat Starch Exports

Exports in the EU

In 2023, wheat starch exports in the European Union shrank to X tons, with a decrease of X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, wheat starch exports contracted to $X in 2023. Over the period under review, exports, however, recorded noticeable growth. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2023, Lithuania (X tons), Germany (X tons), the Netherlands (X tons), Poland (X tons), Hungary (X tons) and France (X tons) was the largest exporter of wheat starch in the European Union, comprising X% of total export. Italy (X tons) ranks next in terms of the total exports with a X% share, followed by Sweden (X%).

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat starch supplying countries in the European Union were Germany ($X), Lithuania ($X) and the Netherlands ($X), with a combined X% share of total exports. Poland, France, Hungary, Italy and Sweden lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Lithuania ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Wheat Starch Imports

Imports in the EU

In 2023, supplies from abroad of wheat starch decreased by X% to X tons, falling for the second consecutive year after three years of growth. Total imports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, wheat starch imports shrank modestly to $X in 2023. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined modestly in the following year.

Imports by Country

Germany was the major importing country with an import of about X tons, which accounted for X% of total imports. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), the Netherlands (X%), Finland (X%) and Italy (X%). Belgium (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%), Italy (X%), France (X%) and Finland (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland, Germany, Italy and France increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported wheat starch in the European Union, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by France, with a X% share.

In Germany, wheat starch imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, wheat starch import price increased by X% against 2020 indices. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Belgium ($X per ton) and the Netherlands ($X per ton), while Italy ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform