Starches; Inulin Price in Canada - 2023
Contents:
- Starches; Inulin Price in Canada (CIF) - 2023
- Starches; Inulin Price in Canada (FOB) - 2023
- Starches; Inulin Imports in Canada
- Starches; Inulin Exports in Canada
Starches; Inulin Price in Canada (CIF) - 2023
The average starches; inulin import price stood at $1,256 per ton in September 2023, shrinking by -4.7% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 25% against the previous month. Over the period under review, average import prices reached the maximum at $1,412 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($2,787 per ton), while the price for Turkey ($703 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Canada (FOB) - 2023
The average starches; inulin export price stood at $502 per ton in September 2023, shrinking by -1.9% against the previous month. Over the period under review, the export price continues to indicate a slight downturn. The growth pace was the most rapid in January 2023 when the average export price increased by 13% against the previous month. As a result, the export price reached the peak level of $618 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In September 2023, the countries with the highest prices were the United States ($512 per ton) and Thailand ($480 per ton), while the average price for exports to China ($437 per ton) and Singapore ($470 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Canada
Starches; inulin imports into Canada rose rapidly to 88K tons in 2022, with an increase of 9.3% compared with 2021 figures. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, starches; inulin imports skyrocketed to $103M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Starches; Inulin in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.9 | 33.1 | 44.0 | 48.1 | 12.4% |
| Thailand | 6.5 | 6.7 | 8.2 | 10.8 | 18.4% |
| Denmark | 2.7 | 3.8 | 3.5 | 5.3 | 25.2% |
| China | 1.3 | 2.1 | 2.8 | 5.2 | 58.7% |
| Belgium | 3.6 | 4.4 | 6.4 | 4.3 | 6.1% |
| Turkey | N/A | 0.2 | 0.2 | 4.1 | 352.8% |
| Netherlands | 3.4 | 3.0 | 3.3 | 4.0 | 5.6% |
| Chile | 3.5 | 4.8 | 4.0 | 3.7 | 1.9% |
| Germany | 3.1 | 3.5 | 3.3 | 3.1 | 0.0% |
| Others | 5.3 | 5.3 | 9.4 | 14.3 | 39.2% |
| Total | 63.3 | 67.0 | 85.2 | 103 | 17.6% |
Top Suppliers of Starches; Inulin to Canada in 2022:
- United States (53.0K tons)
- Thailand (8.0K tons)
- Turkey (5.0K tons)
- Denmark (4.5K tons)
- Germany (2.7K tons)
- Netherlands (2.2K tons)
- China (1.7K tons)
- Belgium (1.6K tons)
- Chile (1.2K tons)
Starches; Inulin Exports in Canada
Starches; inulin exports from Canada reached 97K tons in 2022, picking up by 13% compared with 2021. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports soared to $59M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.6 | 33.2 | 40.3 | 57.8 | 16.5% |
| Others | 2.3 | 1.5 | 0.9 | 0.9 | -26.9% |
| Total | 39.0 | 34.7 | 41.3 | 58.7 | 14.6% |
Top Export Markets for Starches; Inulin from Canada in 2022:
- United States (95.0K tons)
388
This report provides an in-depth analysis of the inulin market in Canada.
558
This report provides an in-depth analysis of the maize starch market in Canada.
654
This report provides an in-depth analysis of the potato starch market in Canada.
679
This report provides an in-depth analysis of the wheat starch market in Canada.
215
This report provides an in-depth analysis of the market for starch other than wheat, corn or potato in Canada.
1910
This report provides an in-depth analysis of the global inulin market.
2299
This report provides an in-depth analysis of the global maize starch market.
1513
This report provides an in-depth analysis of the global potato starch market.
1446
This report provides an in-depth analysis of the global wheat starch market.
447
This report provides an in-depth analysis of the global market for starch other than wheat, corn or potato.
245
In December 2022, the price of inulin was $4,124 per ton (CIF, Canada) - a decrease of 11.2% compared to the previous month.
356
In February 2023, the wheat starch price stood at $1,500 per ton (FOB, Canada), rising by 32% against the previous month.
1253
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
698
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
282
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
245
In December 2022, the price of inulin was $4,124 per ton (CIF, Canada) - a decrease of 11.2% compared to the previous month.
356
In February 2023, the wheat starch price stood at $1,500 per ton (FOB, Canada), rising by 32% against the previous month.
1253
In value terms, residues of starch manufacture imports amounted to $X in 2016. Overall, residues of starch manufacture imports continue to indicate a strong increase. Global residues of starch manu...
698
In value terms, residues of starch manufacture exports amounted to $X in 2016. In general, residues of starch manufacture exports continue to indicate a prominent expansion. Over the period under r...
282
Explore the top import markets for starch (excluding wheat, corn, or potato) with key statistics and import values. Discover the major players in the global starch trade.
