Corn Starch Price Trend

Corn Starch Prices December 2023

The price of corn starch in the United States for Q4 2023 reached 615/MT in December. The price trend for Corn Starch in the US during this quarter showed a negative percentage change of 1.05% on an average quarterly basis.

The price trend for corn starch in China faced challenges during the fourth quarter of 2023. A slowing economy and reduced demand led to price declines, while an excess of local inventory exacerbated competitive market dynamics. Corn Starch FOB Shanghai, China, closed at USD 450/MT at the end of the quarter.

In Europe, the current Corn Starch price is USD 685/MT, reflecting a 3.12% quarterly decline. The market maintained moderate to high levels of supply, while demand remained low.

The price of corn starch in United Arab Emirates for Q4 2023 reached USD 435/MT, reflecting a quarterly increase of 2.09%.

Corn Starch Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Corn Starch Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of corn starch pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of corn starch at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of corn starch price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing corn starch price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Corn Starch Market Analysis

The global corn starch market size reached US$ 86.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 106.3 Million Tons, at a projected CAGR of 2.30% during 2023-2032.

The global corn starch market is primarily driven by the widespread application of corn starch across different industries which includes food and beverage, pharmaceuticals, textiles and paper manufacturing. In the food industry, corn starch serves as a thickening agent, stabilizer, and texturizer in a wide range of products like soups, sauces, desserts, and baked goods. The versatile property of cornstarch makes it a crucial ingredient for food manufacturers seeking to enhance product quality and consistency, thereby propelling its market growth. In addition to this, the growing demand for natural and organic ingredients in food and non-food products has fueled the growth of the corn starch market. As consumers nowadays are becoming more health conscious and environmentally aware, there is a growing preference for products that are perceived as natural, sustainable and free from synthetic additives. Cornstarch derived from corn candles is viewed favorably by the consumers seeking clean level alternatives of synthetic thickeners and stabilizers, hence contributing significantly to the market growth.

Moreover, the expansion of processed food industry mainly in emerging economies is driving the market demand of cornstarch as a key ingredient in food processing. Rapid urbanization, changing lifestyles and increase in disposable incomes have led to a shift in dietary preferences towards convenience foods and ready to eat meals. Cornstarch plays an important role in the formulation of these processed foods contributing to their texture, viscosity and shelf stability. Which results in the growth of processed food industries coupled with the rising demand for cornstarch. In addition to this, the growing adoption of corn starch in industrial applications such as adhesives, corrugated cardboard production, bioplastics manufacturing is contributing to the cornstarch market growth. Cornstarch based bioplastics are gaining traction as an ecofriendly alternative to traditional plastic derived from petroleum. Along with increasing emphasis on sustainability and environmental conservation the industries are exploring renewable and biodegradable alternatives thereby fueling the market demand for cornstarch derived products. These factors are collectively contributing to the robust growth of cornstarch market across the globe.

Corn Starch News

The report covers the latest developments, updates, and trends impacting the global corn starch market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in corn starch production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the corn starch price trend.

Latest developments in the Corn Starch industry:

• In 2023, Processed agro goods producer Gujarat Ambuja Exports received approval for the establishment of corn wet milling plant in Himmatnagar, India from Gujarat Pollution Control Board.
• 19 March 2024, British multinational fast-moving consumer goods company Unilever Plc is planning to establish a local corn starch production venture in Kenya to reduce raw material costs and create new revenue streams. The company aims to localize its raw materials and expand its market in East and West Africa, particularly in Kenya.

Product Description

Corn starch, generally known as maize starch or corn flour is a fine white powder derived from endosperm of corn kernels. Cornstarch is a versatile ingredient generally used in cooking, baking and food manufacturing due to its thickening and binding properties. Cornstarch is primarily comprised of amylose and amylopectin, both of which are type of carbohydrates. Cornstarch mixed with water and heated forms gel like consistency making it an excellent thickening agent for soups and sauces. In addition to this, corn starch is often used as a coating for frying foods to achieve a crispy texture. Beyond its culinary applications cornstarch is also utilized in various industries like pharmaceuticals, textiles and paper manufacturing due to its absorbent and binding properties. Overall cornstarch is a versatile and essential ingredient with widespread application in both food and nonfood industries.

Regional Coverage

The report provides a detailed analysis of the corn starch market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the corn starch price trend.

Global Corn Starch Price

The report offers a holistic view of the global corn starch pricing trends in the form of corn starch price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of corn starch but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed corn starch demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Corn Starch Price

In the last quarter of 2023, the European Corn Starch market faced challenges due to surplus supply, leading to price declines. Belgium experienced a noticeable decrease in prices, attributed to inefficient stock management and economic conditions. Despite this, the market maintained high supply levels with consistently low demand. The Euro's appreciation against the USD affected Belgian exports. The latest Corn Starch price CFR Antwerp in Belgium reflects an average quarterly decline of 3.12%.

This analysis can be extended to include detailed corn starch price information for a comprehensive list of countries.

North America Corn Starch Price

During the fourth quarter of 2023 in North America, the Corn Starch market was influenced by factors such as ample inventories and reduced demand. This led to a significant decline in Corn Starch prices, with reduced international demand and increased crop acreage contributing to the situation. Hedge funds benefited from the price drop, and Corn Starch in the US was priced at USD 620/MT FOB Los Angeles at the end of the quarter.

Specific corn starch historical data within the United States and Canada can also be provided.

Middle East and Africa Corn Starch Price

In the final quarter of 2023, the Middle East and Africa's Corn Starch market witnessed price decrease due to excess inventory and low demand. However, post Q4, prices surged significantly, impacting market experts and traders. The United Arab Emirates' market was shaped by global freight cost increases and supported by stable production and raw material prices. Inventory challenges arose due to demand surges and supply chain disruptions.

In addition to region-wise data, information on corn starch prices for countries can also be provided.

Asia Pacific Corn Starch Price

During the fourth quarter of 2023, the APAC Corn Starch market faced challenges due to a sluggish economy, decreased demand, and excess local inventory. Prices initially rose due to a sudden surge in demand, but later declined because of decreased demand and surplus inventory. In China, the largest market, prices fell by 0.33% on average. The closing price of Corn Starch FOB Shanghai in China at the end of the quarter was USD 455/MT.

This corn starch price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Corn Starch Price

The analysis of corn starch prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of corn starch pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting corn starch price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The corn starch price charts ensure our clients remain at the forefront of the industry.