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Nov 03, 2023

Modified Starches Market in the EU

IndexBox has just published a new report, the EU – Dextrins And Other Modified

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

The revenue of the modified starches market in the European Union amounted to $2.2B in 2017, surging by 4% 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). The modified starches consumption continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2011, with an increase of 31% against the previous year. Over the period under review, the modified starches market attained its maximum level at $3.7B in 2008; however, from 2009 to 2017, consumption failed to regain its momentum.

Production in the EU

The modified starches production amounted to 2.9M tonnes in 2017, jumping by 5.1% against the previous year. The modified starches production continues to indicate a mild shrinkage.

Modified Starches Exports

Exports in the EU

In 2017, approx. 1.8M tonnes of dextrins and other modified starches were exported in the European Union; rising by 6.1% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010, with an increase of 16% y-o-y. Over the period under review, modified starches exports attained their maximum in 2017, and are expected to retain its growth in the immediate term.

In value terms, modified starches exports stood at $1.7B (IndexBox estimates) in 2017. The modified starches exports continue to indicate a relatively flat trend pattern. The level of exports peaked at $2B in 2014; however, from 2015 to 2017, exports remained at a lower figure.

Exports by Country

France (486K tonnes) and the Netherlands (468K tonnes) represented roughly 52% of total exports of dextrins and other modified starches in 2017. Germany (303K tonnes) held the second position in the ranking, distantly followed by Italy (131K tonnes), Belgium (94K tonnes) and Austria (84K tonnes). All these countries together held approx. 33% share of total exports. Sweden (69K tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Austria (+11.7% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches markets worldwide were the Netherlands ($441M), France ($377M) and Germany ($354M), with a combined 67% share of total exports. Austria, Italy, Sweden and Belgium lagged somewhat behind, together comprising a further 22%.

Export Prices by Country

The modified starches export price in the European Union stood at $947 per tonne in 2017, coming down by -1.9% against the previous year. The the modified starches export price continues to indicate a relatively flat trend pattern.

Export prices varied noticeably by the country of destination; the country with the highest export price was Austria ($1.6 per kg), while Belgium ($736 per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Germany (+1.0% per year), while the other leaders experienced a decline in the export price figures.

Modified Starches Imports

Imports in the EU

In 2017, approx. 1.4M tonnes of dextrins and other modified starches were imported in the European Union; remaining stable against the previous year. The modified starches imports continue to indicate a slight deduction.

In value terms, modified starches imports totaled $1.3B (IndexBox estimates) in 2017. The modified starches imports continue to indicate a slight contraction. In that year, modified starches imports attained their peak of $1.7B. From 2012 to 2017, the growth of modified starches imports failed to regain its momentum.

Imports by Country

In 2017, Germany (360K tonnes) represented the largest importer for dextrins and other modified starches, constituting 26% of total imports. It was distantly followed by Finland (132K tonnes), the UK (129K tonnes), Sweden (105K tonnes), France (101K tonnes), Italy (86K tonnes), Belgium (82K tonnes), Poland (74K tonnes), the Netherlands (73K tonnes) and Spain (65K tonnes), together making up 60% share of total imports.

Germany was also the fastest growing in terms of the dextrins and other modified starches imports, with a CAGR of +1.7% from 2007 to 2017. Poland, Spain and Belgium experienced a relatively flat trend pattern. Sweden (-2.2%), Finland (-2.8%), the UK (-2.8%), France (-3.0%), Italy (-3.2%) and the Netherlands (-9.4%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the Netherlands, the UK, Finland, France, Italy and Sweden increased by 8.7%, 3.1%, 3%, 2.6%, 2.4% and 1.9% percentage points, while Germany (-4%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($330M) constitutes the largest market for imported dextrins and other modified starches in the European Union, comprising 26% of global imports. The second position in the ranking was occupied by the UK ($130M), with a 10% share of global imports. It was followed by France, with a 9.8% share.

Import Prices by Country

The modified starches import price in the European Union stood at $922 per tonne in 2017, rising by 3.9% against the previous year. The the modified starches import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, an increase of 28% against the previous year. In that year, the import prices for dextrins and other modified starches attained their peak level of $1.1 per kg. From 2012 to 2017, the growth in terms of the import prices for dextrins and other modified starches failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was France ($1.3 per kg), 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 the Netherlands (+2.5% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

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