Wheat starch market in South-eastern Asia

Earlier Report Observations

From 2018 to 2023, the wheat starch market volume in South-eastern Asia decreased from 203.4 thousand tons to 121.3 thousand tons. The market faced a significant reduction in 2019, falling to 168.4 thousand tons, and continued to contract through 2021 before a slight stabilization at 130.8 thousand tons in 2022.

By 2024, the market environment was influenced by several developments. A substantial increase in wheat imports to Vietnam, sourced from Ukraine and Brazil, improved raw material availability for starch production. Global supply chain disruptions and geopolitical tensions, including the Russia-Ukraine conflict, concurrently affected supply stability and pricing in the region.

Growing consumer demand for gluten-free and clean-label foods, alongside the expansion of Vietnam's food and beverage industry, provided additional momentum for the market. Technological advancements in starch extraction and refinement also supported improvements in product quality and the development of new applications.

Production wheat starch in South-eastern Asia

In kind, 2017-2020, t

Top producers of wheat starch, 2017-2020

World map of production of wheat starch, 2017-2020

In 2020, South-eastern Asia produced 73 620 tonnes of wheat starch, marking a solid 14.0% decline compared to 2019. Production decreased by 17.8% between 2017 and 2020, equating to an annualized rate of 6.3%. The lowest production level was recorded in 2018 at 70 035 tonnes. The largest annual decline occurred in 2018 at 21.8%, while the largest increase was recorded in 2019 at 22.2%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, t

In value, 2017-2020, K $ US

In 2020, the output value of wheat starch in South-eastern Asia was 44 263 thousand US dollars, showing a 9.7% decline from 2019. Over the 2017-2020 period, production value decreased by 9.3%, with a compound annual growth rate of 3.2%. The minimum value was recorded in 2018 at 42 605 thousand US dollars, while the maximum value occurred in 2019 at 49 021 thousand US dollars. The largest annual decline was 12.7% in 2018, and the largest increase was 15.1% in 2019.

Annual dynamics of production in South-eastern Asia in value, 2017-2020, K $ US

Exports wheat starch from South-eastern Asia

Exports in kind, K t

The market exhibited significant volatility during these years. Exports reached their lowest point in 2017 and peaked in 2018, with a 2.9-fold difference between these years. In 2020, South-eastern Asia's wheat starch export volume was 19.9 thousand tonnes, representing a 10.7% decrease from 2019. The maximum export volume was recorded in 2018 at 28.8 thousand tonnes. The largest annual decline occurred in 2019 at 22.4%, while the largest increase was recorded in 2018 at 187.1%.

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

Between 2017 and 2020, the leading destinations for wheat starch exports from South-eastern Asia were Asia (not elsewhere specified) with 0.7% of exports in kind, the United States with 0.7%, and Japan with 0.6%. Together, these three markets accounted for 2.0% of total export flows.

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

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

Exports in value, K $ US

The market showed an unstable trend throughout this period. Export values reached their lowest point in 2017 and peaked in 2018, with a 3.2-fold difference between these years. In 2020, South-eastern Asia's wheat starch export value totaled 11 983 thousand US dollars, representing a 6.2% year-over-year decline. The maximum value was recorded in 2018 at 17 490 thousand US dollars. The largest annual decline occurred in 2019 at 26.9%, while the largest increase was recorded in 2018 at 220.6%.

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

From 2017 to 2020, three principal markets—Japan, Turkey, and the United States—together accounted for 3.5% of the total export value of wheat starch from South-eastern Asia.

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

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

Imports wheat starch to South-eastern Asia

Imports in kind, K t

Import levels showed considerable volatility during these years. Imports reached their lowest point in 2017 and peaked in 2018, with a 2-fold difference between these years. In 2020, South-eastern Asia's wheat starch import volume stood at 99.2 thousand tonnes, down 5.6% year-over-year. The maximum import volume was recorded in 2018 at 162.1 thousand tonnes. The largest annual decline occurred in 2019 at 35.2%, while the largest increase was recorded in 2018 at 99.6%.

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

Throughout the 2017-2020 period, Australia played the leading role in wheat starch imports to South-eastern Asia, accounting for 80.1% of total import flows, while other markets together accounted for the remaining share.

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

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

Imports in value, K $ US

Market performance showed noticeable fluctuations during this period. Import values reached their lowest point in 2017 and peaked in 2018, with a 2.3-fold difference between these years. In 2020, South-eastern Asia's wheat starch import value reached 42 134 thousand US dollars, reflecting a moderate 8.7% year-over-year decrease. The maximum value was recorded in 2018 at 67 770 thousand US dollars. The largest annual decline occurred in 2019 at 31.9%, while the largest increase was recorded in 2018 at 129.1%.

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

Over the 2017-2020 period, Australia remained the leading supplier of wheat starch to South-eastern Asia, accounting for 77.8% of total imports in value terms, while the remainder was distributed across many other countries.

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

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