Philippines - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights
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View PricingModified Starches Price in the Philippines - 2023
Contents:
- Modified Starches Price in the Philippines (CIF) - 2023
- Modified Starches Price in the Philippines (FOB) - 2022
- Modified Starches Imports in the Philippines
- Modified Starches Exports in the Philippines
Modified Starches Price in the Philippines (CIF) - 2023
In June 2023, the average modified starches import price amounted to $1,057 per ton, with an increase of 9.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 37% m-o-m. The import price peaked at $1,146 per ton in November 2022; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($2,073 per ton), while the price for South Africa ($250 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Modified Starches Price in the Philippines (FOB) - 2022
In 2022, the average modified starches export price amounted to $1,867 per ton, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 67%. As a result, the export price attained the peak level of $2,250 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,376 per ton), while the average price for exports to Indonesia ($1,234 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Modified Starches Imports in the Philippines
In 2022, imports of dextrins and other modified starches into the Philippines expanded sharply to 58K tons, picking up by 12% on the year before. Overall, imports, however, showed a pronounced shrinkage.
In value terms, modified starches imports skyrocketed to $56M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Modified Starches in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 12.9 | 9.8 | 14.1 | 20.8 | 17.3% |
Netherlands | 7.4 | 6.6 | 7.3 | 7.8 | 1.8% |
United States | 8.4 | 5.9 | 5.7 | 7.8 | -2.4% |
China | 9.5 | 6.7 | 3.1 | 6.8 | -10.5% |
Vietnam | 3.4 | 3.3 | 3.4 | 4.1 | 6.4% |
Italy | 2.3 | 1.7 | 2.9 | 2.7 | 5.5% |
Indonesia | 0.2 | 0.5 | 0.9 | 1.2 | 81.7% |
South Africa | 1.5 | 0.6 | 0.8 | 0.8 | -18.9% |
Others | 4.2 | 4.0 | 4.1 | 3.9 | -2.4% |
Total | 49.8 | 39.0 | 42.3 | 56.0 | 4.0% |
Top Suppliers of Modified Starches to the Philippines in 2022:
- Thailand (21.9K tons)
- China (9.2K tons)
- Netherlands (6.4K tons)
- Vietnam (5.3K tons)
- United States (4.9K tons)
- Indonesia (2.8K tons)
- South Africa (2.4K tons)
- Italy (1.9K tons)
Modified Starches Exports in the Philippines
In 2022, modified starches exports from the Philippines surged to 186 tons, picking up by 294% on 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, modified starches exports skyrocketed to $347K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Modified Starches in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 27.4 | N/A | 24.7 | 113 | 60.4% |
Indonesia | 4.9 | 19.9 | 22.5 | 79.9 | 153.6% |
China | 1.1 | N/A | 2.9 | 42.7 | 238.6% |
Thailand | 2.5 | 24.5 | 3.9 | 41.1 | 154.3% |
Japan | N/A | 0.1 | N/A | 39.9 | 1897.5% |
Vietnam | N/A | N/A | 7.9 | 27.0 | 241.8% |
Singapore | N/A | N/A | 8.4 | 3.3 | -60.7% |
India | N/A | N/A | 17.8 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 35.9 | 44.5 | 88.1 | 347 | 113.0% |
Top Export Markets for Modified Starches from the Philippines in 2022:
- Indonesia (64.7 tons)
- Malaysia (47.6 tons)
- Thailand (19.3 tons)
- China (19.0 tons)
- Japan (18.6 tons)
- Vietnam (14.9 tons)
- Singapore (1.8 tons)
This report provides an in-depth analysis of the modified starches market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the modified starches market in the Philippines.
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