Wheat starch market in Oceania

Earlier Report Observations

The wheat starch market in Oceania exhibited a clear upward trajectory from 2018 to 2023, with total volume expanding from 522.4 thousand tonnes to 647.9 thousand tonnes. This overall increase of 125.5 thousand tonnes represented a growth of approximately 24% over the five-year period, indicating a consistent rise in domestic consumption and availability.

Market growth was characterized by distinct annual fluctuations. A pronounced surge of 46.3 thousand tonnes occurred in 2019, followed by a period of stabilization in 2020. After a minor contraction in 2021, the market experienced its most significant annual expansion in 2022, adding 62.4 thousand tonnes, and continued to grow at a moderate pace in 2023.

Domestic production of wheat starch showed a parallel increasing trend, rising from 678.8 thousand tonnes in 2018 to 733.8 thousand tonnes in 2023. Concurrently, a substantial reduction in export volumes, which fell from 160.1 to 90.2 thousand tonnes over the same period, contributed to a larger share of production being retained for the domestic market, supporting the overall growth in market size.

Production wheat starch in Oceania

In kind, 2017-2020, K t

Top producers of wheat starch, 2017-2020

World map of production of wheat starch, 2017-2020

Oceania's wheat starch production saw a two-year increase before declining. In 2019, production reached its peak at 690.9 thousand tons. However, in 2020, output fell slightly to 680.3 thousand tons, marking a 1.5% decrease from the previous year. Over the 2017-2020 period, production grew by 4.6%, with an average annual growth rate of 1.5%. The most significant increase occurred in 2018, when production rose by 4.4%.

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

In value, 2017-2020, M $ US

Oceania's wheat starch production value experienced a two-year uptick before declining. In 2019, the value peaked at 282.7 million US dollars. In 2020, however, it dropped to 264.7 million US dollars, reflecting a modest 6.4% reduction compared to 2019. Between 2017 and 2020, the production value increased by 18.4%, equating to an annualized growth rate of 5.8%. The largest increase was recorded in 2018, with a substantial 21.6% rise.

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

Exports wheat starch from Oceania

Exports in kind, K t

Wheat starch exports from Oceania declined for the second consecutive year. In 2018, exports reached their highest point at 160.1 thousand tons. They then fell by 21.1% in 2019, and in 2020, exports amounted to 112.3 thousand tons, down 11.2% year-on-year. Over the 2017-2020 period, exports decreased by 7.1%, with an average annual decline of 2.4%. The largest increase occurred in 2018, with a 32.4% rise.

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

From 2017 to 2020, Indonesia, Thailand, and Asia (not elsewhere specified) were the primary buyers of wheat starch from Oceania. Indonesia accounted for 53.9% of exports in kind, Thailand for 8.8%, and Asia (not elsewhere specified) for 7.0%. Together, these three markets represented 69.7% of total exports in kind during this period.

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

Wheat starch shipments from Oceania declined for the second consecutive year. In 2018, export value peaked at 64 112 thousand US dollars. It then dropped by 19.4% in 2019, and in 2020, exports came to 43 682 thousand US dollars, down 15.5% compared to the previous year. Between 2017 and 2020, exports increased by 5.1%, with an annualized growth rate of 1.7%. The largest increase was recorded in 2018, with a significant 54.3% rise.

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

From 2017 to 2020, Indonesia, Thailand, and Asia (not elsewhere specified) led the structure of wheat starch exports from Oceania in value terms. Indonesia accounted for 52.2% of exports, Thailand for 9.5%, and Asia (not elsewhere specified) for 6.2%. Collectively, these three destinations represented 68.0% of total export flows during this period.

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

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

Imports wheat starch to Oceania

Imports in kind, K t

Wheat starch imports into Oceania increased for the third consecutive year. In 2020, imports reached 5.6 thousand tons, marking a sharp advance of 34.9% year-on-year. Between 2017 and 2020, imports grew by 68.8%, equating to an annualized growth rate of 19.1%.

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

From 2017 to 2020, the partner structure for wheat starch imports into Oceania in kind was balanced rather than concentrated. Hong Kong accounted for 3.5% of imports, the Netherlands for 2.9%, and France for 2.0%. Together, these three countries represented 8.4% of total import flows, with many other countries accounting for the remaining 91.6%.

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

Oceania's wheat starch import value increased for the third consecutive year. In 2020, imports amounted to 3 609 thousand US dollars, which is 28.4% higher compared to 2019. Over the 2017-2020 period, imports increased by 60.6%, with an average annual growth rate of 17.1%.

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

From 2017 to 2020, the portfolio of suppliers for wheat starch to Oceania was broad. Hong Kong accounted for 11.5% of imports in value terms, China for 4.7%, and Thailand for 3.8%. Together, these three countries contributed only 19.9% of total imports, while many other countries had smaller but non-negligible shares.

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

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