Potato Starch Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Potato Starch in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potato Starch Price Trend for the Q1 of 2024


The disruptive rainfall patterns in India since last November significantly reduced potato yield, leading to a surge in prices of potato starch in the domestic and neighboring countries. The abrupt surge in the pricing patterns caused a continuous wave of concern regarding the market availability of the commodity in the consumer sector. Major potato-producing states like Uttar Pradesh and West Bengal have reported a drop in output, contributing to the price increase.

Potato Starch Price Chart

Potato Starch Price Trends

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Additionally, the domestic traders also noted a decrease in loading in cold storage facilities due to lower production and farmers' reluctance to sell their stock in anticipation of further prompting price hikes in potato and its derivative potato starch. Not only India but traders around the world also struggled with the loss of crops due to adverse weather conditions, which in turn raised the import costs of potato starch in Asian countries.


In the first quarter of 2024, the German potato starch market witnessed a decline in prices due to reduced demand from key sectors like food and pharmaceuticals, leading to an excess supply domestically. The decrease in potato prices, a primary raw material, further contributed to the surplus. Major exporters like the Netherlands also faced a surplus, intensifying competition in the European market. Further, the economic challenges carried forward by the previous quarters persisted, with traders witnessing a significant downturn in production and demand.

Additionally, oscillations in freight rates and the Euro's depreciation against the USD also influenced the market also contributed to depreciating the prices of potato starch. The German inflation saw a decline, particularly in food prices, impacting overall manufacturing and transportation costs. However, the expansion of consumer budgets, with the loosening of interest rate chains, slightly favored an uptick in the procurement rates of potato starch.

North America

The persistent cold and wet weather in major potato-producing regions of North America led to significant crop damage, resulting in competitively purchased supplies. The farming communities in Alberta, Idaho, North Dakota, Minnesota, and Manitoba faced challenges in saving their crops from frost, snow, and rain, leading to disruption in the supply cycles of potato starch.

Despite the damage, the demand for the commodity remained high, causing prices to rise due to insufficient supply. The reduced exportation of potatoes from the U.S. however, raised the skepticism of the traders. However, the Asian countries presented a significant spike in their inquiries of potato starch amid the supply crunch situation in the region, while ongoing trading disruptions further increased the overall momentum of the potato starch market.

Analyst Insight

According to Procurement Resource, the price trend of Potato Starch is expected to surge in the near quarters as the depreciating production volumes and surging demand from the downstream industries will favor an uptrend in the pricing patterns of potato starch.

Potato Starch Price Trend for October - December of 2023


In Asia, the Potato Starch price trend in the fourth quarter of 2023 experienced a downturn. This is largely attributed to the contraction in China's manufacturing sector.

In October, the official manufacturing Purchasing Managers' Index (PMI) of China unexpectedly skidded to 49.5 from 50.2 in September, indicating a deterioration in the sector. This decrease in PMI, coupled with the decrease in new-orders and new-export-orders subindexes, extenuated domestic demand, which may keep Potato Starch prices low in China even in the initial months of 2024.


The European Potato Starch price trend tumbled in Q4 2023. The substantial drop in inflation to 3.8% year-on-year in October from 4.5% in September indicates a cooling in the eurozone headline inflation. The European Central Bank’s decision to keep interest rates steady at 4% affected consumer purchases negatively.

With Germany potentially entering a recession, as business activity fell for the fourth consecutive month in October, a downward trend in Potato Starch sustained through the fourth quarter of 2023. Moreover, the reduced production costs weighed the prices for European potato starch.

North America

In the United States, the Potato Starch price trend reflected a decline in prices in Q4 2023. Consumer confidence in the U.S. decreased for the third consecutive month in October, with the index falling from 68.1 in September to 63 in October. This decline in consumer confidence, along with the Federal Reserve's decision to keep interest rates unchanged at 5.25% to 5.50%, lead to reduced consumer spending and a consequent decrease in Potato Starch prices. The drop in oil prices also contributed to this downward trend.

Analyst Insight

According to Procurement Resource, the global potato starch price trend is expected to have a sombre outlook in the initial quarter of 2024. The prices owing to seasonality might later be refined and fortified.

Potato Starch Price Trend for the July - September of 2023


Potato starch price trend enjoyed a rise in demand in the third quarter of 2023 in both domestic and overseas industries. On the other hand, the Asian manufacturing sector faced a significant reduction in its activities that depleted the inventories. However, as the quarter progressed, the inclination in the potato starch price trend began to slow down.

The overall sentiments of the potato starch market were an ill-consequence of declining demand from the consumer side and a contraction in their spending appetite. In addition to this, the curbing condition of the economy further depleted the condition of the potato starch market.


In European countries, the potato starch price trend benefited from the depletion in the availability of stocks and the rise in interest in the consumer sector. The end-user industries helped the potato starch price trend by increasing their procurement rates and number of inquiries. In addition to the above factors, the transportation chains and functioning of the supply sector were disrupted as the unfavorable weather conditions did not favor their smooth operation, which worked in the direction of increasing the potato starch prices.

North America

Unlike the European market, the potato starch price trend in North America declined throughout the third quarter. The interest of consumers in this sector remained weak during this duration, not only in the domestic market but also in overseas industries.

The rise in inflationary pressure further added to the injury thus forcing the overall market trend of potato starch to deplete. In view of soaring inflation and the feeble condition of the economy, the banks demanded a hike in the rates of interest charged, which suggested that the market might be experiencing a period of recession.

Analyst Insight

According to Procurement Resource, the price trend of Potato Starch are expected to face poor growth in the demand sector and the struggling condition of the economy.

Potato Starch Price Trend for the First Half of 2023

Potato Starch showcased mixed price trend throughout the discussed period. Potato Starch had a strong start at the beginning of the first quarter as global potato production declined substantially in the previous year. So, as the feedstock availability plunged, the upstream costs for Potato Starch increased, raising its prices, but the situation changed as the quarters shifted.

Inventories started rising owing to stabilized potato prices and dipped demands from downstream baking and eatery industries. However, the downward fluctuations were in a very narrow range, indicating rather stable supply in the Asia-Pacific region.

Whereas in the European and American regions, potato production slid even more, estimated to be the lowest since 2010 in America. So, the Potato Starch price trend mostly remained on an inclined trajectory with some occasional reverse fluctuations. Overall, a fluctuating price trend for Potato Starch was observed throughout the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the Potato Starch prices are expected to continue fluctuating owing to the volatile production yields and market supply.

Potato Starch Price Trend for the Second Half of 2022

The price trend for Potato Starch almost replicate any fluctuations in its feedstock potato prices as the Potato Starch is directly extracted from them. The second half of 2022 witnessed a sharp decline in potato prices despite having a lesser harvest compared to the last year.

The primary reason was the unused cold storage supplies. The farmers waited for prices to go up to use up their produce, but prices slipped instead, forcing them to start using up the stored potatoes at lower rates, and even then, only 40% of the total stored volumes were used.

Some recovery was expected in the last quarter, but the new harvest led to further depreciation of prices in the Indian domestic market. Overall, the Potato Starch prices remained in a slump throughout the discussed time period.

Analyst Insight

According to Procurement Resource, the price trend for Potato Starch are expected to continue its downhill journey in the upcoming months since the cold storage inventories are still running high, which, coupled with the new harvest, will lower the prices even further.

Potato Starch Price Trend for the First Half of 2022

The average price of potato starch in H1 of 2022 was 6417 yuan/ton, which was consistent with the previous year's price. The potato starch market remained stable, manufacturers kept old customers' orders and delivered goods, transaction volume was limited, and prices did not fluctuate significantly. Although the cost of raw potatoes has recently fallen, there is still a price difference with starch potatoes.

Most manufacturers consumed inventory and maintained a consistent shipping attitude. The terminal demand was still recovering, and demand for catering and vermicelli noodles was lower than in the same period last year, while transaction volume was lower.

For the Fourth Quarter of 2021


Potatoes emerged as one of the best alternative crops for structural adjustment in the Sickle region due to their adaptability and market potential. The planting area of potatoes, however, continued to fall due to the influence of soybean subsidies and the development of the corn market.

In the years 2019 and 2020, after hitting a low point, there was a minor bounce. In 2021, the potato growing area shrank again, this time due to rising corn prices. In Q4 2021, Heilongjiang Haotian’s selling price was 3,500 RMB/MT. China and India were the top tuber producers, followed by the Russian Federation, Ukraine, the United States, and Germany.

North America

In Q4 of 2021, the average potato starch price (export) was 1100 USD/MT. The companies were extensively investing in research and development in order to bring new products to market and expand their product portfolio. Furthermore, as consumers became more health-conscious, manufacturers began to develop healthier value-added potato chip varieties.

Items with lower cholesterol, fat, and calorie content, as well as those supplemented with healthy ingredients, fall into this category. In addition, the well-organized retail sector fostered market expansion by making potato chips readily available in hypermarkets, supermarkets, and convenience stores. Drought conditions and unusually hot summer temperatures in 2021 drastically reduced average yields, resulting in a decrease in Idaho potato production.


In Europe, potato starch is more established and has a broader range of applications. In addition to being directly used, it can be modified to produce starches with diverse features and properties via physical, chemical, and biological processes, which the industry refers to as "modified starch." There are currently about 2,000 different varieties of modified starch products available worldwide, with over 360 of them being regularly utilised. The German export price was recorded at 719 USD/MT.

Latin America

Low consumption was ascribed to a lack of availability as well as Mexicans' high prices for fresh potatoes. Fresh Mexican potatoes cost about 25 pesos per kilogramme throughout the country, while those from the United States, on the other hand, cost between 10 and 15 pesos per kilo once they enter the 26-kilometer border zone. The average export price in Brazil was 610 USD/MT in the final quarter of 2021.

For First, Second and Third Quarters of 2021


The price in China was recorded at 0.97 USD/kg. In 2021, the supply of vegetables was hampered by the epidemic and two cold waves in the south. Logistics and transportation became more complex, and the costs of domestic agricultural items rose dramatically, supporting the price increase of potatoes. The price of potato starch was undoubtedly boosted by the increase in the price of fresh potatoes. On the other hand, the price has also soared due to the strong increase in corn and tapioca starch.

Cassava starch prices climbed dramatically between the end of 2020 and the beginning of 2021, with a total rise of 200–300 RMB/MT. Industry insiders and Zhuochuang calculated that domestic cassava starch spot supply was limited, transportation costs continued to rise, container capacity was limited, and the US dollar depreciated, among other causes.

North America

The average potato starch price (export) for the first three quarters was 1070 USD/MT. For ready-to-eat products and mixes, such as baked goods and dessert mixes, potato starch was in high demand. It was also favoured because of its other health benefits, such as minimising carcinogenic chemical absorption, lowering blood glucose levels, and enhancing mineral absorption, such as magnesium and calcium.


The average potato starch price in Germany was 750 USD/MT for the first three quarters of the year. The growing food and beverage industry, particularly in emerging economies, boosted the product’s market.

Thickeners, glue agents, bulking ingredients, water binder, and anti-caking ingredients, among other things, were required in food industries such as the meat industry, bakeries, confectionery, and dry mixes.People were consuming more convenient and processed foods as a result of rising disposable income and a growing middle-class population, which helped the market flourish.

Latin America

By a 5-0 vote, the Mexican Supreme Court overturned a lower court ruling that had barred the Mexican federal government from allowing fresh American potatoes to be imported throughout the country in April of this year. The average export price in Brazil was 569 USD/MT.

For the Year 2020


According to the 2020 China Potato Starch High-end Forum organised by the Potato Starch Committee of the China Starch Industry Association in Sanya, the domestic demand for the commodity was above 800,000 MT per year due to the rapid development of the food industry.

And the market for stiff demand was expanding. Its overall output in China was much in excess of the rigid demand, necessitating price increases. In 2020, Heilongjiang Haotian’s selling price was 3,300 RMB/MT.

In recent years, China's output of the product has remained stable at 400,000–700,000 MT, owing to a variety of factors including processing of raw materials, production technology, environmental protection, and production prices.

China produced 660,000 MT of starch in 2020, up 45.39% from the previous year. The demand fell somewhat in 2020 as a result of a clear price change and the impact of the new crown pneumonia pandemic on the catering industry. In 2020, consumption was expected to be at 740,000 MT, down 6.3% from 2019.


The average German potato starch price (export) was recorded at 805 USD/MT in 2020. In Eastern Europe and Scandinavia, crushed potatoes were heated to convert their starch to fermentable sugars, which were used in the manufacturing of alcoholic beverages such as vodka and akvavit. As a result, greater potato production and consumption in various parts of Europe aided the market's expansion throughout time.

North America

In 2020, the US potato starch price was recorded at 884 USD/MT in January, 841 USD/MT in February, and 861 USD/MT in March. The North American potato chip industry was driven by people's hectic lifestyles, which resulted in an increase in demand for convenient and ready-to-eat snacking options like potato chips. Furthermore, a variety of chip flavours, textures, and tastes were available from diverse suppliers throughout the region.

Latin America

The average potato starch price (export) in Brazil was 640, 600, and 620 USD/MT in the second, third, and fourth quarter, respectively. The frozen potato market in South America is separated into two categories: product and end-user. Based on product, the market is segmented into French fries, hash browns, shaped, mashed, battered, cooked, topped, stuffed, and others.

The French Fries segment topped the frozen potato market in South America in 2019. This was due to the fact that it was simple to use and prepare. As fast food and quick-service restaurants became more popular, so did the need for frozen French fries all across the world. The demand for French fries has surged as a result of the rising demand for frozen potatoes in South America.

Procurement Resource provides latest prices of Potato Starch. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Potato Starch is basically starch that is derived from potatoes. Potato Starch comprises of large oval, spherical granules that are found in different range or size, generally between 5 and 100 μm. Potato starch is a very refined starch composed of minimal protein or fat, which gives it a bright white colour. This powder has a high binding strength, reasonable viscosity and a minimal foaming capacity.

Product Details

Report Features Details
Product Name Potato Starch
Industrial Uses General thickener, Binder, Texturiser, Anti-caking or gelling agent, Finished products , Snack foods, Processed meats, Baked goods, Noodles, Shredded cheese, Sauces, Gravies, Soups, Yeast filtration
Supplier Database Cargill, Incorporated, Ingredion Incorporated, Emsland Group, Tereos S.A., Novidon B.V
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes 
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Potato Starch from Potatoes via Extraction

To produce starch, firstly potatoes are crushed. Then, these crushed potatoes are used to release the starch grains from their destroyed cells. Finally, the starch is washed out and dried to powdered form, thus, resulting in the formation of Potato Starch.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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