CATEGORY

High Fructose Corn Syrup

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Category Alerts


CATEGORY ALERTS

Rise in feedstock corn prices due to extreme heat in the US Midwest likely to support HFCS prices

July 27, 2022
alert level: Low
CATEGORY ALERTS

Rise in feedstock corn prices due to extreme heat in the US Midwest likely to support HFCS prices

July 27, 2022
alert level: Low
CATEGORY ALERTS

Rise in feedstock corn prices due to extreme heat in the US Midwest likely to support HFCS prices

July 27, 2022
alert level: Low

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High Fructose Corn Syrup Market Monitoring Dashboard


Price Trend
895
Mar-24
USD/MT
History Forecast

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High Fructose Corn Syrup Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in High Fructose Corn Syrup category is 5.00%

Payment Terms

(in days)

The industry average payment terms in High Fructose Corn Syrup category for the current quarter is 60.0 days

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SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    High Fructose Corn Syrup market report transcript


    High Fructose Corn Syrup Global Market Outlook:

    • The global HFCS production is expected remain stable in 2022/23 with a marginal increase of 0.7 percent, due to recovering demand from the foodservice sector. While supply is likely to contract in the US, the overall global output is estimated to remain stable, due to higher output in the developing countries to meet the recovering demand from the foodservice sector

    • Higher prices of feedstock corn and substitute sweetener sugar, owing to supply concerns, shipping container shortages and rallying crude oil prices is expected to support HFCS prices

    High Fructose Corn Syrup Trade Dynamics: Global

    • The US’ trade with Canada and Mexico is driven by the newly incorporated USMCA Trade Agreement. The Chinese HFCS industry is expanding at a significant pace and posing a threat to the US market.

    Global HFCS Export Share by Country

    • The US is the leader in exports of HFCS, occupying over 60 percent of the export share

    • China is emerging as a net exporter of HFCS and bringing US’ export share down

    • The Chinese HFCS industry is growing at a fast pace, due to a shift toward HFCS in the beverage industry

    Global HFCS Import Share by Country

    • Mexican imports are mainly from the US and very less volume from Canada

    • Sugar prices and domestic supply of HFCS in Mexico drive the imports of HFCS

    • Growth in the soda bottlers is another major driver for the increase in imports of HFCS in Mexico

    Porter's Analysis on High Fructose Corn Syrup

    Supplier Power

    • Corn prices are highly transparent with minimum scope for negotiations

    • Corn-processing industries hold moderate negotiating power, due to a considerable share within the corn consumption segments

    • Most of the large corn processors are vertically integrated and trade corn to ensure supply at lower rates

    Barriers to New Entrants

    • The top four suppliers occupy a major market share

    • Revenue generation depends on returns from other by-products of corn wet milling

    • Access to the technology is medium, and access to raw material is not restricted

    Intensity of Rivalry

    • The top four suppliers hold about 86 percent of the HFCS market supply in the US

    • HFCS is currently facing a severe threat, due to increasing health awareness among consumers and hampering expansion activities in the developed countries

    Threat of Substitutes

    • The HFCS industry faces severe threat from the sugar industry in all consuming countries

    • Sugar-free sweeteners are gaining importance in most of the developed countries

    • Switching cost at the consumer’s end is high and involves complications and takes long time

    Buyer Power

    • HFCS demand is highly driven by the carbon soft drink and food industries

    • Significantly, larger number of fragmented buyers against a consolidated supply market reduces the buyer’s negotiating power

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