Starches; Inulin Price in South Africa - 2023
Contents:
- Starches; Inulin Price in South Africa (CIF) - 2023
- Starches; Inulin Price in South Africa (FOB) - 2023
- Starches; Inulin Imports in South Africa
- Starches; Inulin Exports in South Africa
Starches; Inulin Price in South Africa (CIF) - 2023
The average starches; inulin import price stood at $675 per ton in September 2023, leveling off at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 20% month-to-month. As a result, import price attained the peak level of $803 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,549 per ton), while the price for Turkey ($435 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in South Africa (FOB) - 2023
In September 2023, the average starches; inulin export price amounted to $462 per ton, reducing by -29.3% against the previous month. Overall, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in March 2023 an increase of 19% against the previous month. The export price peaked at $719 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Swaziland ($931 per ton), while the average price for exports to Australia ($239 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Swaziland (+3.5%), while the prices for the other major destinations experienced a decline.
Starches; Inulin Imports in South Africa
In 2022, the amount of starches; inulins imported into South Africa contracted to 31K tons, which is down by -12.1% against 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
In value terms, starches; inulin imports shrank slightly to $20M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 27%. As a result, imports reached the peak of $20M, leveling off in the following year.
| Import of Starches; Inulin in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.2 | 0.7 | 1.0 | 2.9 | 34.2% |
| Poland | 0.9 | 0.5 | 3.0 | 2.6 | 42.4% |
| Thailand | 5.7 | 4.0 | 3.2 | 2.6 | -23.0% |
| Turkey | 0.7 | 1.3 | 2.2 | 2.4 | 50.8% |
| Australia | 1.0 | 1.3 | 1.3 | 1.9 | 23.9% |
| India | 1.1 | 0.4 | 0.8 | 1.2 | 2.9% |
| Vietnam | 1.2 | 2.0 | 0.6 | 1.1 | -2.9% |
| Germany | 1.2 | 0.9 | 0.8 | 1.1 | -2.9% |
| Brazil | 0.4 | 1.1 | 2.9 | 1.0 | 35.7% |
| Mozambique | N/A | N/A | N/A | 0.7 | 0% |
| France | 0.4 | 0.5 | 0.5 | 0.3 | -9.1% |
| Others | 1.8 | 2.9 | 3.6 | 2.1 | 5.3% |
| Total | 15.6 | 15.6 | 19.9 | 19.8 | 8.3% |
Top Suppliers of Starches; Inulin to South Africa in 2022:
- Thailand (4.1K tons)
- Poland (3.7K tons)
- Netherlands (3.7K tons)
- Turkey (3.6K tons)
- Mozambique (3.4K tons)
- Australia (3.3K tons)
- Vietnam (1.9K tons)
- Brazil (1.6K tons)
- India (1.5K tons)
- Germany (1.1K tons)
- France (0.3K tons)
Starches; Inulin Exports in South Africa
In 2022, the amount of starches; inulins exported from South Africa soared to 33K tons, jumping by 20% on 2021 figures. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports soared to $21M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.2 | 2.6 | 1.9 | 3.5 | 16.7% |
| Zimbabwe | 1.1 | 1.4 | 2.1 | 2.9 | 38.1% |
| Australia | 2.3 | 2.7 | 2.5 | 2.7 | 5.5% |
| United Arab Emirates | 0.9 | 0.7 | 1.0 | 2.2 | 34.7% |
| Namibia | 0.9 | 0.9 | 1.6 | 1.6 | 21.1% |
| Swaziland | 0.6 | 0.6 | 0.7 | 1.4 | 32.6% |
| Philippines | 1.0 | 0.3 | 0.5 | 1.3 | 9.1% |
| Zambia | 0.9 | 1.0 | 1.0 | 1.2 | 10.1% |
| Botswana | 0.6 | 0.4 | 0.5 | 0.9 | 14.5% |
| Hong Kong SAR | 0.5 | 0.4 | 0.4 | 0.6 | 6.3% |
| Mauritius | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Madagascar | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Malaysia | 0.2 | 0.4 | 0.3 | 0.3 | 14.5% |
| Others | 0.8 | 1.2 | 1.1 | 1.9 | 33.4% |
| Total | 12.7 | 13.2 | 14.2 | 21.0 | 18.3% |
Top Export Markets for Starches; Inulin from South Africa in 2022:
- Taiwan (Chinese) (5.8K tons)
- Australia (5.2K tons)
- Zimbabwe (3.4K tons)
- United Arab Emirates (3.2K tons)
- Namibia (2.9K tons)
- Philippines (2.4K tons)
- Swaziland (2.3K tons)
- Zambia (1.6K tons)
- Botswana (1.0K tons)
- Hong Kong SAR (1.0K tons)
- Mauritius (0.6K tons)
- Malaysia (0.6K tons)
- Madagascar (0.5K tons)
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