Starch-manufacture residues market in South America

Earlier Report Observations

The starch-manufacture residues market in South America began the period with a volume of 709.7 thousand tons in 2018, supported by regional industrialization and population growth which increased industrial waste generation, including starch-related residues. Economic and logistical challenges from the COVID-19 pandemic in 2020 temporarily impacted waste management, contributing to a decline in market volume to 672.0 thousand tons by that year.

A significant expansion of the industrial waste treatment sector and rising adoption of ESG practices drove a recovery from 2021, with market volume growing to 722.5 thousand tons in 2022. The launch of new modified starch-based products, such as tapioca starches for food texturization, alongside increased R&D investments, stimulated market innovation and helped push the market value to $582.0 million in 2022.

Regulatory pressure to eliminate open dumps by 2024 under Brazil's National Solid Waste Policy and the continued push for circular economy practices influenced the market in 2023, contributing to a volume adjustment to 697.8 thousand tons. Ongoing innovation, including the introduction of functional non-GMO starches for alternative dairy products, reflected the market's adaptation to sustainability trends and natural ingredient demand.

Production starch-manufacture residues in South America

In kind, 2017-2020, K t

Top producers of starch-manufacture residues, 2017-2020

World map of production of starch-manufacture residues, 2017-2020

South America's production of starch-manufacture residues declined for the second year in a row. In 2020, the region produced 401.1 K t, which represents a 2.6% decrease from 2019. Looking at the period from 2017 to 2020, production fell by 7.8%, with a compound annual growth rate (CAGR) of -2.7%. The highest production volume was recorded in 2018 at 443.6 K t, which saw a 2.0% increase. The most significant drop occurred in 2019, with a 7.2% decline.

Annual dynamics of production in South America in kind, 2017-2020, K t

In value, 2017-2020, M $ US

South America's production value of starch-manufacture residues also declined for the second consecutive year. In 2020, the output was valued at 251.1 M $ US, showing a slight decrease of 1.4% compared to 2019. Over the 2017-2020 period, production value decreased by 7.9%, with a CAGR of -2.7%. The peak value was in 2018 at 286.7 M $ US, which experienced a 5.1% increase. The largest decline was in 2019, with an 11.2% drop.

Annual dynamics of production in South America in value, 2017-2020, M $ US

Exports starch-manufacture residues from South America

Exports in kind, K t

South America's exports of starch-manufacture residues in volume terms increased for the third consecutive year. In 2020, exports reached 16.2 K t, up by 17.0% from the previous year. From 2017 to 2020, exports grew by 56.7%, with a CAGR of 16.2%.

Annual dynamics of product's exports from South America in kind, 2017-2020, K t

Between 2017 and 2020, South Africa and Egypt were the largest contributors to exports in volume, together accounting for 1.1% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South America in kind, 2017-2020

Exports in value, M $ US

South America's exports of starch-manufacture residues in value terms also rose for the third year in a row. In 2020, exports stood at 10.1 M $ US, marking a substantial increase of 18.4% compared to 2019. Over the 2017-2020 period, exports increased by 56.5%, with a CAGR of 16.1%.

Annual dynamics of product's exports from South America in value, 2017-2020, M $ US

From 2017 to 2020, China and South Africa consistently served as the main markets for exports in value terms, together representing 1.4% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South America in value, 2017-2020

Imports starch-manufacture residues to South America

Imports in kind, K t

After two years of growth, South America's imports of starch-manufacture residues in volume terms declined. In 2020, imports amounted to 287.1 K t, a slight reduction of 1.4% from 2019. Between 2017 and 2020, imports increased by 13.9%, equating to an annualized rate of 4.4%. The highest import volume was in 2019 at 291.2 K t. The largest increase occurred in 2018, with a 10.5% rise.

Annual dynamics of product's imports to South America in kind, 2017-2020, K t

Throughout 2017-2020, imports in volume were heavily concentrated on the United States, which accounted for 93.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South America in kind, 2017-2020

Imports in value, M $ US

South America's imports of starch-manufacture residues in value terms declined for the second consecutive year. In 2020, imports reached 165.0 M $ US, remaining nearly unchanged year-over-year. Between 2017 and 2020, imports increased by 11.1%, with an annualized rate of 3.6%. The peak value was in 2018 at 170.9 M $ US, which saw a 15.1% increase. The largest decline was in 2019, with a 3.3% drop.

Annual dynamics of product's imports to South America in value, 2017-2020, M $ US

Over the 2017-2020 period, the United States was the primary destination for starch-manufacture residues imported into South America, consistently absorbing 93.1% of total imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South America in value, 2017-2020