Belarus: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Belarus

In 2021, after four years of growth, there was significant decline in the Belarusian market for starch other than wheat, corn or potato, when its value decreased by -X% to $X. In general, consumption recorded a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2020, and then shrank remarkably in the following year.

Production of Starch other than Wheat, Corn or Potato in Belarus

In value terms, production of starch other than wheat, corn or potato contracted notably to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decrease. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Starch other than Wheat, Corn or Potato

Exports from Belarus

After two years of growth, shipments abroad of starch other than wheat, corn or potato decreased by -X% to X kg in 2021. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2020, and then declined markedly in the following year.

In value terms, exports of starch other than wheat, corn or potato fell markedly to $X in 2021. In general, exports recorded a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2020, and then dropped rapidly in the following year.

Exports by Country

Russia (X kg) was the main destination for exports of starch other than wheat, corn or potato from Belarus, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -X%.

In value terms, Russia ($X) also remains the key foreign market for starch other than wheat, corn or potato exports from Belarus.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -X%.

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -X% per year.

Imports of Starch other than Wheat, Corn or Potato

Imports into Belarus

In 2021, overseas purchases of starch other than wheat, corn or potato decreased by -X% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of starch other than wheat, corn or potato dropped sharply to $X in 2021. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports of reached the maximum at $X in 2020, and then reduced notably in the following year.

Imports by Country

Russia (X tons) and Vietnam (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Belarus.

From 2012 to 2021, the biggest increases were in Russia (with a CAGR of +X value terms, Russia ($X) constituted the largest supplier of starch other than wheat, corn or potato to Belarus, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +X%.

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price recorded resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($X per ton), while the price for Vietnam amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%).

Source: IndexBox Platform

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