Starches; Inulin Price in Indonesia - 2022
Contents:
- Starches; Inulin Price in Indonesia (FOB) - 2022
- Starches; Inulin Price in Indonesia (CIF) - 2022
- Starches; Inulin Exports in Indonesia
- Starches; Inulin Imports in Indonesia
Starches; Inulin Price in Indonesia (FOB) - 2022
In March 2022, the average starches; inulin export price amounted to $536 per ton, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in January 2022 when the average export price increased by 11% m-o-m. As a result, the export price attained the peak level of $549 per ton. From February 2022 to March 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($725 per ton), while the average price for exports to Malaysia ($418 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Indonesia (CIF) - 2022
In March 2022, the average starches; inulin import price amounted to $552 per ton, remaining constant against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2021 an increase of 9.7% month-to-month. As a result, import price attained the peak level of $583 per ton. From January 2022 to March 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the Netherlands ($1,557 per ton), while the price for Australia ($438 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Indonesia
Starches; inulin exports from Indonesia surged to 420K tons in 2022, growing by 20% against the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 167%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, starches; inulin exports rose slightly to $155M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 201% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Starches; Inulin in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 16.4 | 95.3 | 96.5 | 684.3% |
| Philippines | 9.2 | 11.7 | 27.5 | 27.9 | 44.7% |
| Taiwan (Chinese) | 4.4 | 10.4 | 12.8 | 12.9 | 43.1% |
| Vietnam | 1.1 | 3.6 | 11.7 | 11.9 | 121.2% |
| Malaysia | 1.6 | 5.8 | 1.9 | 3.1 | 24.7% |
| Others | 2.4 | 2.6 | 2.9 | 2.5 | 1.4% |
| Total | 18.9 | 50.5 | 152 | 155 | 101.7% |
Top Export Markets for Starches; Inulin from Indonesia in 2022:
- China (269.3K tons)
- Philippines (70.3K tons)
- Vietnam (31.8K tons)
- Taiwan (Chinese) (30.9K tons)
- Malaysia (11.5K tons)
Starches; Inulin Imports in Indonesia
In 2022, supplies from abroad of starches; inulins was finally on the rise to reach 442K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt slump.
In value terms, starches; inulin imports skyrocketed to $251M in 2022. Overall, imports, however, showed a abrupt slump.
| Import of Starches; Inulin in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 144 | 62.9 | 24.8 | 70.2 | -21.3% |
| China | 117 | 92.9 | 10.9 | 66.8 | -17.0% |
| India | 20.1 | 24.4 | 57.2 | 52.8 | 38.0% |
| Australia | 20.0 | 11.2 | 5.2 | 11.0 | -18.1% |
| Ukraine | 7.5 | 5.0 | 4.7 | 5.2 | -11.5% |
| Others | 40.3 | 40.0 | 44.9 | 44.7 | 3.5% |
| Total | 349 | 236 | 148 | 251 | -10.4% |
Top Suppliers of Starches; Inulin to Indonesia in 2022:
- China (141.3K tons)
- Thailand (120.3K tons)
- India (111.3K tons)
- Australia (20.3K tons)
- Ukraine (11.6K tons)
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