Starches; Inulin Price in Brazil - 2023
Contents:
- Starches; Inulin Price in Brazil (FOB) - 2023
- Starches; Inulin Price in Brazil (CIF) - 2022
- Starches; Inulin Exports in Brazil
- Starches; Inulin Imports in Brazil
Starches; Inulin Price in Brazil (FOB) - 2023
In August 2023, the average starches; inulin export price amounted to $757 per ton, with a decrease of -8.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 8.3% against the previous month. The export price peaked at $887 per ton in April 2023; however, from May 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,079 per ton), while the average price for exports to Honduras ($492 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Brazil (CIF) - 2022
In 2022, the average starches; inulin import price amounted to $1,112 per ton, increasing by 2.5% against the previous year. In general, the import price enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 54%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($2,692 per ton), while the price for Paraguay ($537 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Brazil
In 2022, approx. 108K tons of starches; inulins were exported from Brazil; with an increase of 2.6% compared with 2021. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, starches; inulin exports skyrocketed to $75M in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 54% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Starches; Inulin in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 7.0 | 15.7 | 15.2 | 54.8% |
| Paraguay | 0.3 | 0.5 | 3.4 | 11.3 | 235.2% |
| Colombia | 1.8 | 2.0 | 4.0 | 9.4 | 73.5% |
| Bolivia | 2.9 | 2.4 | 3.5 | 6.2 | 28.8% |
| Mexico | 1.8 | 2.8 | 2.4 | 4.1 | 31.6% |
| South Korea | N/A | N/A | 2.1 | 3.9 | 85.7% |
| Dominican Republic | 1.7 | 2.4 | 2.4 | 2.7 | 16.7% |
| Panama | 0.8 | 0.8 | 0.9 | 2.0 | 35.7% |
| Argentina | 0.4 | 0.7 | 0.5 | 1.8 | 65.1% |
| Honduras | 0.9 | 1.7 | 1.2 | 1.5 | 18.6% |
| Guatemala | 0.5 | 2.6 | 2.2 | 1.5 | 44.2% |
| Costa Rica | 1.7 | 2.1 | 1.5 | 1.2 | -11.0% |
| Nigeria | 2.3 | 0.8 | 0.7 | 0.1 | -64.8% |
| Others | 7.1 | 9.9 | 14.4 | 13.8 | 24.8% |
| Total | 26.3 | 35.6 | 54.7 | 74.8 | 41.7% |
Top Export Markets for Starches; Inulin from Brazil in 2022:
- United States (17.4K tons)
- Paraguay (15.7K tons)
- Colombia (12.0K tons)
- Bolivia (9.6K tons)
- Mexico (8.1K tons)
- Dominican Republic (6.4K tons)
- Panama (4.5K tons)
- South Korea (3.6K tons)
- Honduras (3.2K tons)
- Costa Rica (3.0K tons)
- Guatemala (2.9K tons)
- Argentina (2.6K tons)
- Nigeria (0.1K tons)
Starches; Inulin Imports in Brazil
In 2022, starches; inulin imports into Brazil skyrocketed to 11K tons, with an increase of 33% against the year before. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports skyrocketed to $13M in 2022. The total import value increased at an average annual rate of +5.4% over the period 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 Starches; Inulin in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 3.3 | 3.5 | 3.9 | 4.2 | 8.4% |
| Paraguay | 1.2 | 1.4 | 0.2 | 1.8 | 14.5% |
| United States | 1.6 | 0.9 | 1.3 | 1.6 | 0.0% |
| Netherlands | 1.2 | 1.0 | 0.7 | 1.3 | 2.7% |
| France | 0.4 | 0.4 | 0.6 | 1.2 | 44.2% |
| Argentina | 0.4 | 0.8 | 1.2 | 1.2 | 44.2% |
| Germany | 1.2 | 0.6 | 0.8 | 0.5 | -25.3% |
| Ukraine | N/A | 0.2 | 0.1 | 0.4 | 41.4% |
| Thailand | 0.8 | 0.2 | N/A | 0.1 | -50.0% |
| Others | 0.9 | 0.7 | 0.7 | 0.5 | -17.8% |
| Total | 10.9 | 9.7 | 9.4 | 12.8 | 5.5% |
Top Suppliers of Starches; Inulin to Brazil in 2022:
- Thailand (undefinedK tons)
- Paraguay (3.3K tons)
- Argentina (2.2K tons)
- Chile (1.6K tons)
- United States (1.2K tons)
- Netherlands (1.1K tons)
- France (0.8K tons)
- Germany (0.6K tons)
- Ukraine (0.4K tons)
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