The price per unit of starches and starch products in Finland has displayed variability from 2011 to 2021. Between 2011 and 2014, there was a consistent increase reaching 1.01 Euros per kilogram in 2014. However, a decline followed, with prices decreasing to 0.79 Euros per kilogram by 2021. Notably, the period from 2015 to 2021 highlights a steady decrease, indicating a shift in market dynamics or production factors. As of 2023, the price slightly rebounded but remained below earlier peaks.
The compound annual growth rate (CAGR) over the last five years reflects a modest decline, averaging out to the stagnant pricing environment since 2017.
Trends to watch for:
- Potential influences of sustainable production practices on cost.
- Changes in consumer demand for alternative plant-based starches.
- Impact of technological advancements and efficiency in production.
