Starches market in Oceania

Earlier Report Observations

The starch market in Oceania expanded significantly over the period from 2018 to 2023, with total volume increasing from 616 thousand tons to 776 thousand tons. This represents a growth of approximately 160 thousand tons or 26% over the six-year span, indicating sustained demand for starch products in the region.

The growth was not uniform across years. A sharp increase of nearly 14% occurred in 2019, lifting the market to just over 702 thousand tons. The following year saw stabilization, with volume remaining virtually flat. In 2021, the market experienced a modest contraction of about 2%, dropping to 688 thousand tons, before rebounding with strong growth of over 9% in 2022. The expansion continued in 2023 at a more moderate pace of 3%, reaching 776 thousand tons.

Underlying this market expansion were shifts in domestic production and international trade. Domestic starch production rose from 741 thousand tons in 2018 to 816 thousand tons in 2023, while net imports (imports minus exports) fluctuated, contributing to the yearly variations in total market volume.

Production starches in Oceania

In kind, 2017-2020, K t

Top producers of starches, 2017-2020

World map of production of starches, 2017-2020

Oceania's starches production saw growth for two consecutive years before declining. In 2019, production reached its peak at 781.9 thousand tons, representing a 5.6% increase from the previous year. However, in 2020, production fell to 762.9 thousand tons, marking a modest 2.4% decrease compared to 2019. Over the period from 2017 to 2020, production increased by 3.2%, which translates to an average annual growth rate of 1.1%.

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

In value, 2017-2020, M $ US

Oceania's starches production value experienced a two-year upward trend before declining. In 2018, the largest increase was recorded at 12.2%. Production value peaked in 2019 at 348.3 million US dollars. However, in 2020, it dropped to 317.7 million US dollars, showing an 8.8% year-over-year decrease. From 2017 to 2020, the overall increase was 9.2%, equivalent to an average annual growth rate of 3.0%.

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

Exports starches from Oceania

Exports in kind, K t

Oceania's starches exports declined for the second year in a row. In 2018, exports reached their highest point at 174.6 thousand tons, with a significant 29.7% increase from the previous year. However, in 2019, exports fell sharply by 19.2%, and in 2020, they dropped further to 125.0 thousand tons, representing an 11.4% decrease compared to 2019. Over the 2017-2020 period, exports decreased by 7.2%, with a compound annual growth rate of -2.5%.

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

From 2017 to 2020, Indonesia was the largest destination for Oceania's starches exports in volume terms, accounting for 49.2% of total exports. Thailand followed with 8.7%, and Asia, not elsewhere specified, contributed 6.8%. Together, these three markets comprised 64.7% of Oceania's total starches export flows.

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

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

Exports in value, K $ US

Oceania's starches export value declined for the second consecutive year. In 2018, exports peaked at 76,970 thousand US dollars, with a substantial 45.1% increase from the previous year. However, in 2019, exports fell by 18.4%, and in 2020, they dropped to 52,036 thousand US dollars, marking a 17.2% decrease compared to 2019.

Annual dynamics of product's exports from Oceania in value, 2017-2020, K $ US

From 2017 to 2020, Indonesia remained the top buyer of Oceania's starches in value terms, representing 42.9% of total exports. Thailand accounted for 9.0%, and Asia, not elsewhere specified, made up 6.2%. Collectively, these three markets formed 58.2% of Oceania's total starches export value.

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

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

Imports starches to Oceania

Imports in kind, K t

Oceania's starches imports increased for the third year in a row. In 2020, imports reached 65.0 thousand tons, showing a 5.0% rise from the previous year. Over the period from 2017 to 2020, imports grew by 30.7%, which corresponds to an average annual growth rate of 9.3%.

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

From 2017 to 2020, the import landscape for starches in Oceania was highly diversified. Thailand was the largest source, accounting for 29.4% of imports in volume terms, followed by China at 10.3% and South Africa at 8.1%. Together, these three countries represented only 47.8% of total imports, with the remaining 52.2% coming from numerous other partner countries.

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

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

Imports in value, K $ US

After two years of growth, Oceania's starches import value declined. In 2019, imports peaked at 49,318 thousand US dollars, with the largest increase recorded at 20.9% from the previous year. However, in 2020, imports fell to 48,265 thousand US dollars, marking a slight 2.1% decrease compared to 2019. Over the 2017-2020 period, imports increased by 19.5%, equivalent to an average annual growth rate of 6.1%.

Annual dynamics of product's imports to Oceania in value, 2017-2020, K $ US

From 2017 to 2020, the geographical structure of Oceania's starches imports in value terms was highly diversified. Thailand led with 26.9% of imports, followed by the Netherlands at 9.1% and China at 8.2%. Together, these three countries accounted for only 44.1% of total imports, while the remaining 55.9% was distributed among many smaller partner countries.

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

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