Spain: Wheat Starch Market 2024

Wheat Starch Market Size in Spain

The Spanish wheat starch market declined modestly to $X in 2023, waning by X% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2023: its value 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, consumption increased by X% against 2021 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Wheat Starch Production in Spain

In value terms, wheat starch production dropped to $X in 2023 estimated in export price. Over the period under review, the total production indicated moderate growth 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 2021 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Wheat starch production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Wheat Starch Exports

Exports from Spain

In 2023, the amount of wheat starch exported from Spain shrank dramatically to X tons, declining by X% compared with the previous year. Over the period under review, exports showed a abrupt contraction. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, wheat starch exports soared to $X in 2023. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), Cuba (X tons) and Germany (X tons) were the main destinations of wheat starch exports from Spain, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Cuba ($X), Portugal ($X) and Germany ($X) constituted the largest markets for wheat starch exported from Spain worldwide, together comprising X% of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wheat starch export price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Portugal ($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 mixed trend patterns.

Wheat Starch Imports

Imports into Spain

In 2023, the amount of wheat starch imported into Spain reached X tons, stabilizing at the year before. In general, total imports indicated a pronounced expansion 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 was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, wheat starch imports surged to $X in 2023. Overall, total imports indicated a remarkable increase 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Italy (X tons) and the Netherlands (X tons) were the main suppliers of wheat starch imports to Spain, with a combined X% share of total imports. Germany, France, Austria and Portugal lagged somewhat behind, together comprising a further X%.

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

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

Portugal, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 wheat starch import price stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform