Starches; Inulin Price in the UK - 2023
Contents:
- Starches; Inulin Price in the UK (CIF) - 2023
- Starches; Inulin Price in the UK (FOB) - 2022
- Starches; Inulin Imports in the UK
- Starches; Inulin Exports in the UK
Starches; Inulin Price in the UK (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $1,212 per ton, with a decrease of -3.7% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth was the most pronounced in January 2023 an increase of 16% against the previous month. Over the period under review, average import prices attained the peak figure at $1,351 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($2,150 per ton), while the price for Thailand ($726 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 Denmark (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in the UK (FOB) - 2022
In 2022, the average starches; inulin export price amounted to $969 per ton, picking up by 22% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. The export price peaked at $2,176 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,928 per ton), while the average price for exports to Belgium ($338 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 Germany (+1.6%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in the UK
In 2022, overseas purchases of starches; inulins decreased by -5.6% to 206K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 4% against the previous year. As a result, imports attained the peak of 252K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, starches; inulin imports soared to $197M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.5 | 33.7 | 30.9 | 38.7 | 6.0% |
| Germany | 43.4 | 37.4 | 35.4 | 35.4 | -6.6% |
| Belgium | 26.4 | 21.7 | 25.7 | 27.4 | 1.2% |
| France | 25.6 | 24.5 | 17.2 | 23.0 | -3.5% |
| Denmark | 14.5 | 20.2 | 14.4 | 19.4 | 10.2% |
| Thailand | 6.1 | 5.4 | 7.0 | 10.2 | 18.7% |
| Italy | 1.2 | 11.6 | 7.0 | 8.3 | 90.5% |
| Spain | 5.1 | 3.4 | 1.1 | 4.4 | -4.8% |
| Others | 23.5 | 24.0 | 23.0 | 30.1 | 8.6% |
| Total | 178 | 182 | 162 | 197 | 3.4% |
Top Suppliers of Starches; Inulin to the UK in 2022:
- Netherlands (41.7K tons)
- Germany (33.1K tons)
- France (29.9K tons)
- Belgium (28.3K tons)
- Denmark (27.3K tons)
- Italy (9.3K tons)
- Thailand (9.3K tons)
- Spain (5.8K tons)
Starches; Inulin Exports in the UK
In 2022, shipments abroad of starches; inulins decreased by -16% to 5.6K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a noticeable slump. The growth pace was the most rapid in 2020 when exports increased by 134% against the previous year. As a result, the exports attained the peak of 15K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, starches; inulin exports expanded slightly to $5.4M in 2022. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Starches; Inulin in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.0 | 2.6 | 2.4 | 2.7 | 39.2% |
| Poland | 0.3 | 0.2 | 0.4 | 0.7 | 32.6% |
| Ireland | 4.0 | 2.8 | 0.3 | 0.5 | -50.0% |
| Germany | 1.8 | 1.3 | 0.8 | 0.4 | -39.4% |
| France | 0.3 | 1.9 | 0.1 | 0.2 | -12.6% |
| Belgium | 0.3 | 0.8 | 0.2 | 0.1 | -30.7% |
| Switzerland | N/A | 1.8 | 0.6 | N/A | -66.7% |
| Others | 0.8 | 0.7 | 0.4 | 0.7 | -4.4% |
| Total | 8.5 | 12.2 | 5.3 | 5.4 | -14.0% |
Top Export Markets for Starches; Inulin from the UK in 2022:
- Netherlands (3561.9 tons)
- Poland (544.4 tons)
- Ireland (404.6 tons)
- Belgium (398.7 tons)
- Germany (233.0 tons)
- France (181.2 tons)
- Switzerland (3.5 tons)
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