Saudi Arabia: Modified Starches Market 2024

Modified Starches Market Size in Saudi Arabia

The Saudi modified starches market soared to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed a temperate expansion. Modified starches consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Modified Starches Production in Saudi Arabia

In value terms, modified starches production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production posted buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Modified Starches Exports

Exports from Saudi Arabia

Modified starches exports from Saudi Arabia reached X tons in 2023, growing by X% on the previous year. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, modified starches exports contracted to $X in 2023. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then shrank modestly in the following year.

Exports by Country

Jordan (X tons) was the main destination for modified starches exports from Saudi Arabia, with a X% share of total exports. Moreover, modified starches exports to Jordan exceeded the volume sent to the second major destination, Bahrain (X tons), threefold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2013 to 2023, the average annual growth rate of volume to Jordan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and India (X% per year).

It was followed by Egypt, with a X% share.

From 2013 to 2023, the average annual growth rate of value to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2023, the average modified starches export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced a decline.

Modified Starches Imports

Imports into Saudi Arabia

In 2023, the amount of dextrins and other modified starches imported into Saudi Arabia totaled X tons, stabilizing at the year before. Overall, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, modified starches imports totaled $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, India (X tons) constituted the largest modified starches supplier to Saudi Arabia, with a X% share of total imports. Moreover, modified starches imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the United States (X% per year).

In value terms, India ($X) constituted the largest supplier of dextrins and other modified starches to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average modified starches import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price showed a measured expansion. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform