Starches; Inulin Price in Spain - 2023
Contents:
- Starches; Inulin Price in Spain (FOB) - 2022
- Starches; Inulin Price in Spain (CIF) - 2022
- Starches; Inulin Exports in Spain
- Starches; Inulin Imports in Spain
Starches; Inulin Price in Spain (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $716 per ton, rising by 44% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starches; inulin export price increased by +89.0% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($878 per ton), while the average price for exports to Belgium ($285 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Spain (CIF) - 2022
The average starches; inulin import price stood at $872 per ton in 2022, growing by 13% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $913 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,008 per ton), while the price for Egypt ($549 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Spain
In 2022, exports of starches; inulins from Spain contracted to 158K tons, flattening at 2021. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 160K tons, leveling off in the following year.
In value terms, starches; inulin exports surged to $113M in 2022. In general, exports, however, posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 25.6 | 30.0 | 46.5 | 58.9 | 32.0% |
| Portugal | 17.8 | 15.6 | 18.3 | 31.8 | 21.3% |
| United Kingdom | 5.1 | 3.8 | 1.8 | 6.6 | 9.0% |
| Germany | 0.4 | 0.3 | 0.7 | 2.9 | 93.5% |
| Netherlands | 0.3 | 1.0 | 0.8 | 2.5 | 102.7% |
| Italy | 1.7 | 0.9 | 1.0 | 1.3 | -8.6% |
| Morocco | 0.5 | 0.9 | 2.2 | 1.2 | 33.9% |
| Malta | 2.2 | 2.2 | N/A | N/A | 0.0% |
| Others | 9.7 | 8.6 | 8.2 | 8.0 | -6.2% |
| Total | 63.3 | 63.5 | 79.4 | 113 | 21.3% |
Top Export Markets for Starches; Inulin from Spain in 2022:
- Malta (undefinedK tons)
- France (91.0K tons)
- Portugal (36.2K tons)
- United Kingdom (9.2K tons)
- Germany (3.6K tons)
- Netherlands (3.3K tons)
- Morocco (3.1K tons)
- Italy (1.9K tons)
Starches; Inulin Imports in Spain
For the fourth consecutive year, Spain recorded growth in overseas purchases of starches; inulins, which increased by 17% to 102K tons in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.1% 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 +60.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 20%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, starches; inulin imports skyrocketed to $89M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +58.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 9.9 | 10.8 | 13.3 | 15.3 | 15.6% |
| Netherlands | 9.1 | 9.0 | 11.3 | 14.3 | 16.3% |
| Germany | 7.2 | 8.1 | 10.4 | 11.5 | 16.9% |
| France | 9.3 | 13.2 | 10.0 | 11.2 | 6.4% |
| Portugal | 4.4 | 4.3 | 4.8 | 7.0 | 16.7% |
| Austria | 2.8 | 1.8 | 3.4 | 5.0 | 21.3% |
| Egypt | N/A | N/A | N/A | 4.6 | 0% |
| Brazil | 0.9 | 1.3 | 1.0 | 3.0 | 49.4% |
| Italy | 2.0 | 2.9 | 3.0 | 2.5 | 7.7% |
| Denmark | 5.7 | 3.2 | 2.2 | 2.3 | -26.1% |
| Serbia | N/A | N/A | 1.3 | 2.2 | 69.2% |
| Bulgaria | N/A | N/A | N/A | 1.4 | 0% |
| Thailand | 1.1 | 0.8 | 1.1 | 1.1 | 0.0% |
| Others | 3.5 | 3.1 | 4.7 | 7.2 | 27.2% |
| Total | 55.9 | 58.6 | 66.6 | 88.6 | 16.6% |
Top Suppliers of Starches; Inulin to Spain in 2022:
- Belgium (15.3K tons)
- France (15.0K tons)
- Netherlands (14.5K tons)
- Germany (13.0K tons)
- Egypt (8.3K tons)
- Portugal (8.2K tons)
- Austria (5.7K tons)
- Denmark (3.1K tons)
- Brazil (3.0K tons)
- Italy (2.6K tons)
- Serbia (2.6K tons)
- Bulgaria (1.6K tons)
- Thailand (1.5K tons)
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