Germany: Potato Starch Market 2024

Potato Starch Market Size in Germany

The German potato starch market fell significantly to $X in 2023, waning by X% against the previous year. In general, consumption posted a resilient increase. Over the period under review, the market attained the maximum level at $X in 2022, and then contracted remarkably in the following year.

Potato Starch Production in Germany

In value terms, potato starch production shrank to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2022, and then fell modestly in the following year.

Potato Starch Exports

Exports from Germany

In 2023, shipments abroad of potato starch decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, potato starch exports skyrocketed to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of potato starch exports from Germany, with a combined X% share of total exports. Italy, Sweden, China, Peru, Japan, Spain, the UK, France, Mexico and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Netherlands ($X), South Korea ($X) and the United States ($X) constituted the largest markets for potato starch exported from Germany worldwide, together comprising X% of total exports. Italy, Sweden, China, the UK, Peru, Spain, Japan, France, Mexico and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to 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 average potato starch export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into Germany

In 2023, purchases abroad of potato starch decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, potato starch imports skyrocketed to $X in 2023. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2023 and are likely to continue growth in the near future.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of potato starch imports to Germany, with a combined X% share of total imports. Austria, Belgium and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest potato starch suppliers to Germany were Denmark ($X), the Netherlands ($X) and France ($X), with a combined X% share of total imports. Austria, Poland and Belgium lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potato starch import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, potato starch import price increased by X% against 2021 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Poland ($X per ton) and the Netherlands ($X per ton), while the price for Belgium ($X per ton) and Denmark ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform