Modified starch is a type of starch that has undergone chemical or physical treatments to alter its properties and functions. Starch is a polysaccharide commonly found in plants and is primarily used for energy storage. The preparation process of modified starch can imbue it with different characteristics, making it more suitable for various industrial applications. The choice of modified starch depends on the desired application and specific property requirements. It finds widespread use in various industries such as food, pharmaceuticals, paper, textiles, coatings, and more. Modified starch is a common export product with demand worldwide. China has a massive market for modified starch, primarily used in industries like food, textiles, papermaking, construction, and chemicals. With the growth in domestic market demand in China, exports have been increasing year by year.
According to customs data, the total export value from January to August 2023 amounted to 158 million USD, showing a year-on-year increase of 48.57%, with a total export volume of 10.24 tons, reflecting a 31.63% year-on-year growth. In recent years, the Chinese modified starch industry has been on a steady upward trend, with 2022 being the most active year in terms of both export volume and export value in the past five years, with a year-on-year growth of 46.97%.
China exports a diverse range of modified starch products, including heat-converted starch, oxidized starch, acetylated starch, phosphorylated starch, and various other types. These products are customized based on customer requirements to meet the needs of different industries. China's modified starch is primarily exported to markets in Asia, Europe, and North America. Among these, Asian countries such as India, the Philippines, Indonesia, Japan, Vietnam, Malaysia, South Korea, Thailand, and others are typically the main export destinations for Chinese modified starch. This is because these countries have significant demand for food and industrial applications.
China has a competitive advantage in the production of modified starch due to its abundant agricultural resources, such as corn and potatoes, which are the primary raw materials for modified starch. Additionally, China's production costs are relatively low, making Chinese modified starch prices competitive. While trade disputes and trade tensions may have an impact on China's modified starch exports, the outlook for Chinese modified starch exports remains positive. With the development of the global food industry and increasing industrialization, the demand for modified starch as a thickening agent, stabilizer, and binder may continue to rise.
It should be noted that the international market is highly competitive, and Chinese export enterprises of modified starch need to continuously improve product quality, reduce production costs, and actively expand international markets in order to maintain competitiveness and seize more business opportunities. At the same time, understanding the latest foreign trade dynamics and customer requirements in target markets is also a key factor for successful exports.
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