Updated Sep 22, 2022 02:44

Starch Manufacture Residues Market in South-Eastern Asia

Market Overview
The Southeast Asian starch manufacture residues market was finally on the rise to reach $ in , after two years of decline. In general, consumption saw a strong expansion. The level of consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

In value terms, starch manufacture residues production stood at $ in estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2015 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in 2018; however, from 2019 to , production failed to regain momentum.

Indonesia ( tons) constituted the country with the largest volume of starch manufacture residues production, comprising approx. % of total volume. Moreover, starch manufacture residues production in Indonesia exceeded the figures recorded by the second-largest producer, Thailand ( tons), twofold. The third position in this ranking was held by the Philippines ( tons), with a % share.

In Indonesia, starch manufacture residues production increased at an average annual rate of +% over the period from 2007-. The remaining producing countries recorded the following average annual rates of production growth: Thailand (+% per year) and the Philippines (+% per year).


Consumption
In , consumption of residues of starch manufacture increased by % to tons, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a pronounced increase. The volume of consumption peaked at tons in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.

The value of the starch manufacture residues market in South-Eastern Asia rose markedly to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient increase. Over the period under review, the market hit record highs at $ in 2018; however, from 2019 to , consumption remained at a lower figure.


Consumption by Country
The country with the largest volume of starch manufacture residues consumption was Indonesia ( tons), comprising approx. % of total volume. Moreover, starch manufacture residues consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Thailand ( tons), threefold. The Philippines ( tons) ranked third in terms of total consumption with a % share.

From 2007 to , the average annual rate of growth in terms of volume in Indonesia stood at +%. The remaining consuming countries recorded the following average annual rates of consumption growth: Thailand (+% per year) and the Philippines (+% per year).

In value terms, the largest starch manufacture residues markets in South-Eastern Asia were Indonesia ($), Malaysia ($) and Vietnam ($), together comprising % of the total market.

Indonesia, with a CAGR of +%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

From 2007 to , the average annual rate of growth in terms of the starch manufacture residues per capita consumption in No country was relatively modest.


Market Forecast
Driven by increasing demand for starch manufacture residues in South-Eastern Asia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .