Corn Starch Prices

Corn Starch Prices March 2024

During Q1 2024, the corn starch prices in the UAE reached 454 USD/MT in March. The prices saw notable shifts due to disruptions in supply chains and fluctuating demand. The market was characterized by volatility, with prices initially rising due to holiday-driven supply challenges before declining steadily as demand waned. The overall trend reflected a cautious market outlook, influenced by supply chain uncertainties.

In Q1 2024, corn starch prices in China reached 469 USD/MT in March. The market witnessed significant price changes throughout the quarter, mainly driven by strong demand both locally and internationally. The market’s upward price movement was further influenced by currency depreciation and geopolitical tensions affecting trade. Nonetheless, by the end of the quarter, an oversupply situation emerged, leading to a strategic price reduction by suppliers to manage inventory levels.

During the Q1 2024, corn starch pricing in Belgium reached 704 USD/MT in March. The market experienced a consistent decline in prices, driven by reduced demand and a surplus supply. Market conditions were further influenced by cautious consumer spending and economic uncertainties, leading to subdued buying activity. The strong US dollar also pressured prices downward, allowing for more cost-effective procurement strategies.

Corn Starch Prices December 2023

The corn starch prices in the USA for Q4 2023 reached 615 USD/MT in December. The market experienced a downturn due to excessive stock and reduced demand. Surplus supplies led to price adjustments, further exacerbated by decreased export demand.

The price trend for corn starch in China for Q4 2023, reached 450 USD/MT in December. The market faced a downturn driven by stable raw material costs but bleak downstream demand, influencing a slight price decline.

The corn starch prices in Belgium reached 685 USD/MT in December 2023, affected by economic factors and challenges in stock management amidst fluctuating demand and supply levels.

In Q4 2023, the corn starch prices in the UAE reached 435 USD/MT. The market observed a slight increase in prices by the end of the quarter, supported by stable raw material costs and a robust demand outlook, despite logistical challenges.

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 the current price but also provides insights into corn starch historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into corn starch 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

Q1 2024:

The European market was marked by declining prices, primarily due to reduced demand and excess supply. Market participants in Europe, particularly in Belgium, faced lower consumer purchasing power and economic uncertainty, leading to cautious buying behaviors. The strength of the US dollar also allowed buyers to secure corn starch at more favorable rates, further pressuring prices downward. Additionally, reduced production activity across the region and changes in procurement strategies contributed to the pricing decline. The overall sentiment in the European market was bearish, reflecting strategic adjustments by suppliers amid ongoing economic challenges.

Q4 2023:

The market experienced fluctuations due to an oversupply and diminished downstream demand in the last quarter of 2023. Price reductions were influenced by lower corn costs and an increase in crop acreage in the previous year. Belgium saw significant price declines, impacted by these broader market forces and challenges in managing large stock volumes. The appreciation of the Euro against the USD also affected exports. By quarter's end, prices in Belgium reflected a continued market correction.

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

North America Corn Starch Price

Q1 2024:

The market in North America experienced a negative pricing trend, reflecting a decline from the same period last year. The decrease in prices was attributed to several factors, including weak demand, ample stock levels, and varying raw material costs. The market environment remained unstable, characterized by significant price fluctuations throughout the quarter. Notably, the volatility in pricing was more pronounced in the latter half of the quarter, signaling increased uncertainty in the market. These dynamics indicate a cautious approach among market participants, driven by economic concerns and fluctuating supply-demand balances.

Q4 2023:

The market saw prices declining during the latter part of Q4 2023 due to high inventories and weaker demand from downstream sectors. An overabundance of corn starch exerted a downward influence on its pricing. Additionally, global shipping cost increases and raw corn price fluctuations played a significant role. The market was further impacted by a decrease in manufacturing activities and softer demand for US-manufactured goods. A notable reduction in demand from China also forced adjustments in export pricing. The increase in US crop acreage, previously in anticipation of high prices, ultimately led to price drops.

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

Middle East and Africa Corn Starch Price

Q1 2024:

The market exhibited significant volatility in the starting of 2024, driven by disruptions in supply chains during major holidays, which caused a temporary mismatch between supply and demand. Additionally, increased prices of raw materials resulted to higher production expenses, rising prices initially. Despite the fluctuating prices, the overall trend in the region was downward, particularly in the UAE, where market sentiment remained cautious due to supply chain challenges and fluctuating demand levels. The market dynamics during this period highlighted the complexities faced by suppliers in adjusting to rapidly changing conditions.

Q4 2023:

The market dynamics were shaped by an oversupply that necessitated production cutbacks and stock clearance, dampening price levels. Lower consumer demand and sluggish industrial uptake also contributed to the price reduction, despite lower corn costs benefiting production. Towards the end of Q4 2023, prices rebounded as market participants anticipated a rise in demand from various sectors. In the UAE, price adjustments followed global trends, with inflating freight costs influencing market conditions. Despite supply chain disruptions, the market ended on a positive note with firm prices.

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

Asia Pacific Corn Starch Price

Q1 2024:

The Asia Pacific market showed noticeable price increases, driven by rising demand both domestically and internationally. The market's upward trajectory was reinforced by currency depreciation against the US dollar, which influenced pricing strategies. Supply challenges, along with geopolitical issues and trade disruptions, created a complex market environment with initial tight inventories that eventually led to increased prices. By the quarter’s end, despite efforts to adjust pricing and stabilize stock levels, an oversupply issue persisted, compelling suppliers to offer discounts and adjust strategies to manage excess inventory effectively.

Q4 2023:

The market was marked by an initial price increase in Q4 2023 due to a sudden spike in demand, possibly driven by shortage fears, which prompted manufacturers to adjust their pricing strategies. However, as the quarter progressed, a sluggish economy and reduced downstream demand led to a decrease in prices. An oversupply in local inventories intensified supplier competition and price cuts. In China, despite stable raw material costs, the demand outlook remained pessimistic, influencing a modest quarterly price decline. The market closed with prices adjusting to new inventory levels and economic conditions.

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.

Corn Starch Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Corn Starch Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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 industry size reached 86.4 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 106.3 Million Tons, at a projected CAGR of 2.30% during 2023-2032​.

• The global corn starch industry 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 industry, 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 August 2023, Gujarat Ambuja Exports Limited received approval from the Gujarat Pollution Control Board for a new corn wet milling plant in Himmatnagar. This facility will have a daily processing capacity of 900 tons, contributing to a total corn processing capacity of 6,000 tons per day across five locations. The new plant will produce 550 tons of corn starch, 50 tons of Maltodextrin powder, and 300 tons of feed ingredients daily. The company plans to invest Rs 333 crore in this expansion, which is expected to be operational by 2025.
• In February 2024, Ingredion Incorporated, a leading global provider of specialty ingredient solutions, launched NOVATION® Indulge 2940, the first functional native, clean label starch. This non-GMO corn starch is designed to provide an indulgent, plant-based texture for popular dairy and alternative dairy products, as well as desserts.

Product Description

Corn starch, generally known as maize starch or corn flour, is a fine white powder derived from the 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. When mixed with water and heated, it 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 non-food industries.

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.