Starches; Inulin Price in France - 2023
Contents:
- Starches; Inulin Price in France (CIF) - 2023
- Starches; Inulin Price in France (FOB) - 2023
- Starches; Inulin Imports in France
- Starches; Inulin Exports in France
Starches; Inulin Price in France (CIF) - 2023
The average starches; inulin import price stood at $964 per ton in August 2023, surging by 7.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 18% m-o-m. The import price peaked at $1,125 per ton in June 2023; however, from July 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($1,982 per ton), while the price for Spain ($723 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in France (FOB) - 2023
The average starches; inulin export price stood at $1,016 per ton in August 2023, waning by -3.1% against the previous month. Over the period under review, export price indicated a moderate increase from August 2022 to August 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, starches; inulin export price decreased by -5.3% against March 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 42% m-o-m. As a result, the export price attained the peak level of $1,167 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the countries with the highest prices were Portugal ($1,208 per ton) and Belgium ($1,170 per ton), while the average price for exports to Italy ($814 per ton) and South Korea ($825 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in France
For the fourth year in a row, France recorded growth in purchases abroad of starches; inulins, which increased by 8.6% to 346K tons in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, starches; inulin imports skyrocketed to $279M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 24.6 | 23.2 | 36.5 | 73.7 | 44.2% |
| Belgium | 18.9 | 24.2 | 42.9 | 64.1 | 50.2% |
| Spain | 26.9 | 31.5 | 44.6 | 53.3 | 25.6% |
| Germany | 26.5 | 30.8 | 40.1 | 41.6 | 16.2% |
| Italy | 12.4 | 8.1 | 11.9 | 16.8 | 10.7% |
| Austria | 4.3 | 5.4 | 5.3 | 5.2 | 6.5% |
| Thailand | 4.1 | 3.7 | 4.0 | 4.4 | 2.4% |
| Denmark | 4.5 | 3.2 | 3.8 | 4.2 | -2.3% |
| Lithuania | N/A | N/A | 0.2 | 2.8 | 1300.0% |
| Bulgaria | 0.2 | 0.5 | 0.5 | 2.5 | 132.1% |
| Others | 6.1 | 7.3 | 5.4 | 10.2 | 18.7% |
| Total | 129 | 138 | 195 | 279 | 29.3% |
Top Suppliers of Starches; Inulin to France in 2022:
- Netherlands (88.7K tons)
- Spain (85.7K tons)
- Belgium (72.1K tons)
- Germany (39.6K tons)
- Italy (23.5K tons)
- Lithuania (8.0K tons)
- Austria (6.0K tons)
- Bulgaria (5.7K tons)
- Denmark (5.5K tons)
- Thailand (3.8K tons)
Starches; Inulin Exports in France
In 2022, the amount of starches; inulins exported from France reduced to 290K tons, falling by -14.8% against the previous year's figure. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 257% against the previous year. As a result, the exports reached the peak of 340K tons, and then shrank in the following year.
In value terms, starches; inulin exports rose sharply to $204M in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 337%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Starches; Inulin in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.3 | 14.2 | 55.2 | 64.4 | 46.9% |
| Belgium | 3.4 | 2.2 | 39.0 | 32.4 | 112.0% |
| United Kingdom | 7.3 | 8.0 | 16.4 | 23.3 | 47.2% |
| Spain | 2.1 | 1.6 | 10.3 | 12.2 | 79.8% |
| Netherlands | 3.2 | 2.5 | 8.7 | 9.4 | 43.2% |
| Sweden | 0.9 | 0.9 | 4.0 | 6.3 | 91.3% |
| Italy | 2.7 | 2.4 | 6.1 | 5.3 | 25.2% |
| United States | 0.8 | 0.4 | 3.1 | 5.2 | 86.6% |
| Denmark | 0.1 | 0.2 | 4.4 | 4.3 | 250.3% |
| China | 0.6 | 3.4 | 4.5 | 4.0 | 88.2% |
| Japan | 1.0 | 0.9 | 3.4 | 3.4 | 50.4% |
| Others | 9.5 | 7.0 | 35.9 | 34.3 | 53.4% |
| Total | 52.1 | 43.7 | 191 | 204 | 57.6% |
Top Export Markets for Starches; Inulin from France in 2022:
- Germany (95.5K tons)
- Belgium (52.2K tons)
- United Kingdom (31.8K tons)
- Netherlands (14.9K tons)
- Spain (14.3K tons)
- Italy (8.1K tons)
- Sweden (7.8K tons)
- China (5.2K tons)
- Denmark (4.8K tons)
- Japan (4.7K tons)
- United States (4.6K tons)
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