Wheat starch market in Australia and New Zealand

Earlier Report Observations

The wheat starch market in Australia and New Zealand grew from 522 thousand tons in 2018 to 648 thousand tons in 2023, with notable fluctuations along the way. After an initial increase to 569 thousand tons in 2019, the market volume stabilized near 573 thousand tons in 2020.

A slight contraction to 558 thousand tons occurred in 2021, but this was followed by a strong recovery. The market expanded significantly by over 11% in 2022, reaching 621 thousand tons, a period coinciding with reported global growth in demand for wheat starch from food, pharmaceutical, and industrial sectors. Growth continued at a more moderate pace in 2023, bringing the market to 648 thousand tons.

Production wheat starch in Australia and New Zealand

In kind, 2018-2021, K t

Top producers of wheat starch, 2018-2021

World map of production of wheat starch, 2018-2021

Wheat starch production in Australia and New Zealand fell for the second year in a row. In 2021, output reached 660.5 K t, marking a 2.9% decrease from 2020. Looking at the period from 2018 to 2021, production dropped by 2.7%, with an average annual decline of 0.9%. The highest production level was in 2019 at 690.9 K t, which also saw the largest annual increase of 1.8%.

Annual dynamics of production in Australia and New Zealand in kind, 2018-2021, K t

In value, 2018-2021, M $ US

In 2021, the value of wheat starch production in Australia and New Zealand was 282.3 M $ US, rising by 6.6% compared to the previous year. From 2018 to 2021, production value grew by 3.8%, averaging 1.3% per year. The lowest value occurred in 2020 at 264.8 M $ US, while the peak was in 2019 at 282.8 M $ US. The most significant drop was in 2020, with a 6.4% decline.

Annual dynamics of production in Australia and New Zealand in value, 2018-2021, M $ US

Exports wheat starch from Australia and New Zealand

Exports in kind, K t

Wheat starch exports from Australia and New Zealand decreased for the third consecutive year. In 2021, exports totaled 106.7 K t, down 4.9% from 2020. Over the 2018-2021 period, exports fell by 33.3%, which translates to an average annual decrease of 12.6%.

Annual dynamics of product's exports from Australia and New Zealand in kind, 2018-2021, K t

From 2018 to 2021, Indonesia, Thailand, and the United States were the top destinations for wheat starch exports from Australia and New Zealand. Indonesia accounted for 51.9% of exports in volume, Thailand for 8.7%, and the United States for 7.8%. Together, these three countries made up 68.5% of total exports.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Australia and New Zealand in kind, 2018-2021

Exports in value, K $ US

Following a two-year decline, wheat starch exports from Australia and New Zealand rebounded in value. In 2021, exports reached 45 620 K $ US, up 4.4% from 2020. However, over the 2018-2021 span, export value decreased by 28.8%, averaging a 10.7% annual drop. The lowest value was in 2020 at 43 682 K $ US, and the largest decline occurred in 2019 with a 19.4% fall.

Annual dynamics of product's exports from Australia and New Zealand in value, 2018-2021, K $ US

Between 2018 and 2021, Indonesia, Thailand, and the United States remained the leading buyers of wheat starch from Australia and New Zealand in value terms. Indonesia represented 50.2% of export value, Thailand 9.2%, and the United States 7.1%. Combined, these three markets accounted for 66.5% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Australia and New Zealand in value, 2018-2021

Imports wheat starch to Australia and New Zealand

Imports in kind, K t

After increasing for two years, wheat starch imports into Australia and New Zealand declined. In 2021, imports stood at 4.5 K t, a sharp 15.6% drop from the previous year. Over the 2018-2021 period, imports rose by 30%, averaging 9.1% per year. The highest import volume was in 2020 at 5.3 K t, which also saw the largest annual increase of 37.6%.

Annual dynamics of product's imports to Australia and New Zealand in kind, 2018-2021, K t

From 2018 to 2021, wheat starch imports into Australia and New Zealand were spread across many markets. The Netherlands, Hong Kong, and Thailand were among the top sources, but together they represented only a small share: the Netherlands accounted for 3.3% of import volume, Hong Kong for 3.3%, and Thailand for 2.5%. Combined, these three made up just 9.1% of total imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Australia and New Zealand in kind, 2018-2021

Imports in value, K $ US

Following two years of growth, wheat starch imports into Australia and New Zealand fell slightly in value. In 2021, imports were valued at 3 384 K $ US, down 1.0% from the previous year. Over the 2018-2021 period, import value increased by 44.2%, with an average annual growth rate of 13.0%. The peak value was in 2020 at 3 417 K $ US, which also recorded the largest annual increase of 30.3%.

Annual dynamics of product's imports to Australia and New Zealand in value, 2018-2021, K $ US

During 2018-2021, wheat starch imports into Australia and New Zealand in value terms were highly diversified across partner countries. Hong Kong, Thailand, and China were notable sources, but their combined share was limited: Hong Kong accounted for 10.9% of import value, Thailand for 6.6%, and China for 4.0%. Together, these three represented only 21.5% of total import value.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Australia and New Zealand in value, 2018-2021