Potato Starch Prices

Potato Starch Prices September 2024

The potato starch prices in the United States for Q3 2024 reached 1125 USD/MT in September. The market observed significant price adjustments, driven by a strong economic outlook that bolstered demand. Anticipated seasonal demand encouraged retailers to stock up, adding to supply chain pressures. Despite logistical challenges, proactive restocking supported stable demand while prices followed an increasing trend without plant interruptions.

The price trend for potato starch in China for Q3 2024 settled at 1240 USD/MT in September. In China, reinforced global demand and dynamic stock strategies among industries planning for seasonal peaks led to potato starch price increases during Q3 2024. Increasing input prices involving labor and feedstock led to adjustments in pricing policies. Robust demand underscored the optimistic market outlook, which, despite occasional factory closures, sustained an elevated pricing environment.

In the Netherlands, the prices for potato starch in Q3 2024 reached 1150 USD/MT in September. In the Netherlands, potato starch prices rose steadily in Q3 2024, boosted by robust consumption across food sectors and chain constraints from maritime disruptions. Regional conflicts caused delays and shortages of equipment, impacting transportation rates and delivery times. Nonetheless, consumer confidence remained high, supporting demand, and market prices saw consistent growth amid logistical challenges.

Potato Starch Prices June 2024

In the United States, for Q2 2024, the potato starch prices reached 1165 USD/MT in June. The market witnessed the most pronounced price increases, influenced by rising consumer confidence and deliberate storing ahead of expected delays. Seasonal factors intensified demand, driving steady price growth amid an optimistic market landscape. Supply chains, although tested by logistical encounters, demonstrated resilience, enabling a stable and positive trend throughout the quarter.

The price trend for potato starch in South Korea for Q2 2024 settled at 1145 USD/MT in June. South Korea saw a notable rise in price in Q2 2024, as seasonal trends, robust demand, and input costs contributed to a bullish market sentiment. Disruptions in raw material supplies and logistical challenges impacted availability, while proactive stockpiling underscored a positive market outlook amid tight supplies, sustaining elevated prices throughout the quarter.

In Germany, the potato starch prices for Q2 2024 reached 1075 USD/MT in June. In Q2 2024, Germany’s prices rose steadily, driven by strong consumer demand and seasonal industrial activity. The positive economic climate and logistical constraints raised shipping prices and delayed deliveries, prompting price adjustments. Strong market confidence coupled with resilient supply chains helped maintain a stable and upward price trend in Germany and across Europe.

Potato Starch Prices December 2023

The potato starch prices in the United States for Q4 2023 reached 1155 USD/MT in December. The prices witnessed a drop, mainly influenced by reduced customer confidence and political uncertainty. Moreover, persistent elevated rates of interest weakened demand, while a depreciated dollar made imports more expensive, affecting domestic supply and pricing.

The price trend for potato starch in South Korea for Q4 2023, reached 1140 USD/MT in December. The prices faced instability due to weakened consumer sentiment and economic slowdown concerns. Despite a steady supply, rising inflation and low demand led to falling prices, though future trade improvements could support recovery.

The price trend for potato starch in Netherlands for Q4 2023, reached 1135 USD/MT in December. The market was significantly affected by reduced demand and excess of supply. Furthermore, the substantial downturn in production activity, along with falling energy prices and decreased inflation, led to declined costs of production and a drop in potato starch prices.

Regional Coverage

The report provides a detailed analysis of the potato 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 potato starch price trend.

Global Potato Starch Price

The report offers a holistic view of the global potato starch pricing trends in the form of potato 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 potato starch historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into potato 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 potato 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 Potato Starch Price

Q3 2024:

In FY24, the European region witnessed a significant climb in price, strengthened by steady requirements from downstream, particularly in the food sector, along with supply chain challenges. Disturbances in global sea traffic exacerbated by ongoing regional conflicts resulted in bottlenecks, equipment deficiencies, and rising transportation costs, all of which impacted pricing. The region’s positive commercial outlook reinforced end-user confidence, further supporting the market requirement. In response, producers adjusted prices to counterbalance rising operational costs. The Netherlands led with significant price shifts, mirroring broader European trends. Despite logistical hurdles, demand remained resilient, supporting progressive pricing circumstances differentiated by price growth and heightened consumer interest.

Q2 2024:

In Q2 2024, Europe’s region market observed steady price growth, spurred by increased customer belief and strong manufacturing activity. An economic upswing in the Eurozone led to a rise in additional purchases and industrial demand for Potato Starch, predominantly during the quarter’s midpoint. Interruptions in the Red Sea region and European logistical encounters raised transport expenditures and caused freight delays, prompting merchants to modify pricing. Germany, in particular, witnessed substantial price increases as seasonal factors and rising consumer demand supported a positive pricing environment. While logistics faced challenges, the market maintained stability, underpinned by constant supply and strong consumer confidence.

Q4 2023:

The European potato starch market in Q4 2023 was marked by excessive supply and reduced demand, causing a price reduction. The manufacturing sector contracted as domestic as well as overseas consumption decreased. Lower inflation, especially in the food industry, led to reduced operational as well as production costs, further depressing prices. The Netherlands witnessed a notable drop in manufacturing activities, driven by diminished demand and lower energy prices, which led to a contraction in output and a decrease in new business orders. The weakened demand from end-users and the surplus supply exerted additional downward pressure on prices in the region.

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

North America Potato Starch Price

Q3 2024:

During FY24, the market observed a significant rise in cost, influenced by various dynamics. Enhanced assurance of consumers and an optimistic economic outlook drove requirement. It is also anticipation of the holiday season further intensified demand, adding pressure to already tight supplies. The logistics sector experienced moderate growth, with stock quantities recovering post decline. Disruptions in the supply chain, including delays and blocking of ports, hindered deliveries, which, combined with deliberate restocking by merchants, reinforced demand stability. Price increases were most significant in the U.S., underscoring a sustained upward pricing trend. Notably, plant operations remained unaffected throughout the quarter.

Q2 2024:

In FY24, the potato starch market saw significant price hikes, propelled by a shifting market outlook that tightened and bolstered demand and supply. Rising customer belief and encouraged spending through sectors intensified demand, further strained by an early season peak that left merchants unprepared for the surge. Additional challenges emerged from logistical interferences requiring extensive transporting routes in the Red Sea and managing increasing transportation costs. Deliberate stock hoarding by businesses in response to expected lead-time extensions also added to continuous high demand. The U.S. experienced the most pronounced price increases, with seasonal pressures and an optimistic market sentiment underscoring steady price gains. Besides logistical encounters, the region's supply chain remained resilient, supporting the market.

Q4 2023:

During Q4 2023, the market in North America faced several challenges that impacted pricing. A notable drop in demand combined with sufficient supply caused prices to decrease. Economic concerns, including persistent inflation and heightened interest rates, weakened consumer confidence, which negatively impacted purchasing behaviors. The U.S., as the leading market, saw prices fall further due to political uncertainties and the dollar’s depreciation, making imports costlier and affecting the overall supply chain. These factors collectively contributed to a downward pressure on potato starch prices across the region, reflecting broader economic conditions and raw material cost trends.

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

Middle East and Africa Potato Starch Price

The report explores the potato starch pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Potato Starch Price

Q3 2024:

The Asia-Pacific region observed a substantial increase boosted by robust global needs across significant marketplaces in North America, Asia, and Europe. This surge was underpinned by dynamic stock strategies from organizations establishing for season peak, which strained stock chains and lengthened delivery times. Manufacturers faced increasing input prices involving feedstock and labor, prompting price adjustments to sustain profitability. China saw pronounced price fluctuations, reflecting an optimistic response fueled by enhanced demand. Despite operational challenges and occasional plant closures, the quarter showcased a favorable price environment as a result of strong market demand, strategic inventory management, and steady growth momentum in the region.

Q2 2024:

The Asia Pacific region encountered a strong price uptick in Q2 2024 for potato starch, shaped by supply chain restrictions and heightened requirements from key international and domestic markets.  Logistical blockages, geopolitical conflicts, and weather-related disturbances limited feedstock accessibility for production, further tightening supply.  A surge in demand from sectors like pharmaceuticals and food, driven by post-pandemic recovery and supportive financial statistics, intensified this pressure.  Businesses proactively built inventory to secure stock, supporting market optimism.  South Korea saw the highest price increases, fueled by seasonal shifts and increasing input rates, contributing to a bullish price atmosphere amid strengthened demand and constrained supply.

Q4 2023:

In the Asia Pacific region, the potato starch market encountered a tough period in the final quarter of 2023. Factors such as weak buyer sentiment and a sluggish economic rebound led to reduced demand across industries, including pharmaceuticals and food. This, along with a plentiful global supply, resulted in falling prices. Additionally, escalated interest rates continued to strain consumer spending. Despite stable prices of oil and lower inflation easing business costs, these reductions did not offset the downward trend in potato starch prices. South Korea, in particular, saw notable price fluctuations due to economic slump concerns and rising inflation, though a market rebound is anticipated as trade activities improve.

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

Latin America Potato Starch Price

The analysis of potato 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.

Potato Starch Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Potato Starch Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of potato 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 potato starch at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of potato starch price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing potato 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.

Potato Starch Market Analysis

The global potato starch market size reached 4.2 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 5.2 Million Tons, at a projected CAGR of 2.40% during 2023-2032.

• The growing awareness of gluten sensitivity and celiac disease is driving the market growth. According to the Celiac Disease Foundation, the worldwide prevalence of celiac disease is 1.4% based on blood tests and 0.7% based on biopsy results. According to an estimate, 1 in 133 Americans has celiac disease. Also, in Europe, the overall prevalence of celiac disease was about 1%, with large variations between countries, such as Finland (2.0%), Italy (1.2%), Northern Ireland (0.9%), and Germany (0.3%).
• Potato starch is also gaining popularity because of its binding and thickening qualities. It is utilized in food, textile, paper, pharmaceutical, and chemical industries. Along with this, the textile industry is expected to reach $1,445.4 billion by 2032, increasing the demand for potato starch. In accordance with this, the Indian pharmaceutical industry is predicted to develop at a CAGR of 12.3% between 2024 and 2032, resulting in increased product acceptance in the nation for producing unique swallowable tablets, hard capsules, blends, granules, and pellet premix.
• Potato starch consumption is also being driven by its vital role in convenience food products. According to the recent findings by the IMARC Group, the convenience food market is projected to grow by 5.47% annually, with total valuation reaching US$ 782.7 billion by 2032. In emerging economies like India, the convenience food sector is projected to reach Rs 4883 billion in FY2026, growing at a rate of 11%.
• The market for potato starch is also experiencing significant growth due to the rising demand for functional foods, which include foods with health benefits beyond basic nutrition. The global functional food market is anticipated to reach US$ 368.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032. It is also estimated that the average per-capita spending on functional foods is 26 euros in Europe. The region also holds the dominant share of approximately 2.8 million euros, with a predicted growth rate of 14% in the coming years. The growing use of potato starch in functional foods because of its potential health benefits, such as promoting gut health through its resistant starch content is positioning it as a valuable ingredient.
• The expansion of potation cultivation worldwide is further impacting the market share. For instance, Europe cultivates potatoes in 1.7 million hectares, which corresponds to an estimated 1.7% arable land in the region. In China, the potato cultivation area was expanded to over 5.60 million hectares (ha) in 2020 to increase the yield of potatoes to 21,97 metric tonnes/hectare. Also, China accounts for approximately 20% of the total potato cultivation across the globe.

Potato Starch News

The report covers the latest developments, updates, and trends impacting the global potato 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 potato starch production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the potato starch price trend.

Latest developments in the potato starch industry:

• At the end of February 2021, AGRANA successfully completed the processing of the 2020/2021 potato harvest at its potato starch mill in Gmünd, Lower Austria. It was the longest campaign in Austria, with a processing period of 189 days. From August 2020 to February 2021, the company processed a record quantity of 322,000 metric tons of starch potatoes at the Gmünd site, as the average starch content amounted to 17.8%.
• In March 2021, Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced a new addition to its extensive range of potato-based solutions for the U.S. and Canada, ULTRA-TEX 1311 modified potato starch. It can be used in a wide variety of traditional and alternative formulations to create indulgent textures, improve stability, or replace oil without compromising sensory appeal.

Product Description

Potato starch is a fine, powdery material obtained from potatoes. It is made by crushing potatoes to extract their starch content, subsequently washing and drying to achieve pure starch. Potato starch is a carbohydrate with a neutral flavor that is highly valued for its strong binding strength, solution clarity, and modest protein and fat content.

Potato starch is widely used in the culinary industry as a thickening ingredient for soups, sauces, and gravies, as well as a filler in baked products, snacks, and confectionery. It also finds application in the production of biodegradable plastics, adhesives, fabrics, and paper. Potato starch has various benefits, including its gluten-free nature, neutral flavor, usefulness as a thickening agent at lower temperatures, and its ability to add a desirable texture and appearance to food products and other materials.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of potato 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 potato 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 potato starch price charts ensure our clients remain at the forefront of the industry.