Starches; Inulin Price in Belgium - 2023
Contents:
- Starches; Inulin Price in Belgium (FOB) - 2023
- Starches; Inulin Price in Belgium (CIF) - 2022
- Starches; Inulin Exports in Belgium
- Starches; Inulin Imports in Belgium
Starches; Inulin Price in Belgium (FOB) - 2023
The average starches; inulin export price stood at $1,839 per ton in August 2023, increasing by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices hit record highs at $2,114 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($3,034 per ton), while the average price for exports to the Netherlands ($1,190 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Belgium (CIF) - 2022
The average starches; inulin import price stood at $710 per ton in 2022, jumping by 26% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 38%. Over the period under review, average import prices hit record highs at $721 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($964 per ton), while the price for France ($581 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+2.2%), while the prices for the other major suppliers experienced a decline.
Starches; Inulin Exports in Belgium
After three years of growth, overseas shipments of starches; inulins decreased by -24.4% to 150K tons in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 198K tons, and then reduced markedly in the following year.
In value terms, starches; inulin exports contracted to $239M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $277M, and then reduced in the following year.
| Export of Starches; Inulin in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 37.4 | 44.3 | 43.6 | 40.5 | 2.7% |
| Netherlands | 16.5 | 20.7 | 23.1 | 20.1 | 6.8% |
| Germany | 14.3 | 16.5 | 22.0 | 17.8 | 7.6% |
| Italy | 15.5 | 17.7 | 21.8 | 17.4 | 3.9% |
| France | 10.6 | 12.1 | 14.5 | 15.6 | 13.7% |
| Spain | 7.4 | 9.1 | 11.9 | 11.1 | 14.5% |
| United Kingdom | 9.3 | 10.0 | 12.0 | 10.2 | 3.1% |
| Denmark | 6.7 | 7.5 | 10.5 | 9.5 | 12.3% |
| Poland | 5.7 | 8.2 | 9.3 | 9.1 | 16.9% |
| Indonesia | 6.3 | 9.0 | 13.9 | 8.5 | 10.5% |
| China | 4.6 | 6.7 | 7.0 | 7.2 | 16.1% |
| Austria | 3.1 | 3.5 | 5.4 | 5.2 | 18.8% |
| Vietnam | 3.2 | 2.7 | 3.0 | 2.8 | -4.4% |
| Others | 53.8 | 63.4 | 78.9 | 64.2 | 6.1% |
| Total | 194 | 231 | 277 | 239 | 7.2% |
Top Export Markets for Starches; Inulin from Belgium in 2022:
- United States (22.4K tons)
- Netherlands (21.9K tons)
- France (11.9K tons)
- Germany (8.7K tons)
- Italy (8.4K tons)
- Spain (7.7K tons)
- United Kingdom (7.5K tons)
- Denmark (5.4K tons)
- Poland (4.7K tons)
- Indonesia (4.5K tons)
- Vietnam (3.5K tons)
- China (2.9K tons)
- Austria (2.8K tons)
Starches; Inulin Imports in Belgium
After three years of growth, overseas purchases of starches; inulins decreased by -24.4% to 114K tons in 2022. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 151K tons, and then fell dramatically in the following year.
In value terms, starches; inulin imports declined modestly to $81M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 57%. As a result, imports attained the peak of $85M, and then shrank in the following year.
| Import of Starches; Inulin in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 16.9 | 11.9 | 48.7 | 31.8 | 23.5% |
| Netherlands | 15.9 | 22.0 | 17.7 | 22.4 | 12.1% |
| Germany | 8.9 | 7.9 | 9.9 | 13.7 | 15.5% |
| Thailand | 0.7 | 0.5 | 1.0 | 2.6 | 54.9% |
| Slovakia | 0.8 | 1.6 | 1.5 | 1.5 | 23.3% |
| Others | 6.5 | 10.4 | 6.5 | 9.3 | 12.7% |
| Total | 49.8 | 54.2 | 85.2 | 81.2 | 17.7% |
Top Suppliers of Starches; Inulin to Belgium in 2022:
- France (54.8K tons)
- Netherlands (31.1K tons)
- Germany (16.8K tons)
- Thailand (2.7K tons)
- Slovakia (1.8K tons)
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