Corn Starch Price in USA
- United States: 615 USD/MT
The price of corn starch in the United States for Q4 2023 reached 615/MT in December.
The latest report by IMARC Group, titled "Corn Starch Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of corn starch prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive corn starch news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Corn Starch Prices Analysis:
- China: 450 USD/MT
- Belgium: 685 USD/MT
- UAE: 435 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting corn starch price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/corn-starch-pricing-report/requestsample
Corn Starch Price Trend- Last Quarter
The corn starch industry is being driven by the increasing demand for convenience foods and beverages (F&B) as a thickening agent and stabilizer in a wide range of processed foods. Additionally, the rising trend of gluten-free diets has led to a higher demand for corn starch as an alternative to wheat-based products, aiding the market growth. Moreover, the growth of the pharmaceutical industry also plays a significant role, as corn starch is widely used as a binder, filler, and disintegrant in tablet formulations, thereby creating a positive outlook for market expansion. Besides this, the expansion of the textile industry, where corn starch is used in fabric finishing and sizing, further contributes to market growth.
Corn Starch Industry Analysis
In the fourth quarter of 2023, the North American corn starch market faced declining prices due to high inventories and weak demand from downstream industries. Increased shipping costs and fluctuations in corn prices also impacted the market. Additionally, expanded crop acreage by US farmers, who had previously responded to high prices, further pressured the market. This situation benefited hedge funds that had anticipated price declines. Besides this, the APAC corn starch market faced challenges, including a sluggish economy, decreased demand, and high local inventory. Initially, prices rose due to increased demand driven by fears of shortages and strategic bulk purchases by market players. However, as the quarter progressed, economic slowdowns and reduced downstream demand led to price declines.
In China, the largest market in the region, a pessimistic demand outlook and stable raw material costs contributed to a constrained market environment and price reductions. Meanwhile, the European corn starch market faced price declines due to a surplus supply and sluggish demand from downstream industries. The excess inventory and reduced corn costs contributed to the market imbalance.
Belgium experienced a significant drop in prices, influenced by high local inventories and broader economic conditions like inflation. Despite these challenges, supply levels remained moderate to high while demand stayed low. Also, the Middle East and Africa (MEA) corn starch market saw price declines due to excess inventories, subdued demand, and lower corn costs. Despite a production slowdown, prices initially fell but surged in December due to anticipated increased demand and higher freight costs. The UAE, a major importer, aligned its prices with exporters, leading to a moderate price increase despite supply chain disruptions and inventory challenges.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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