Central Asia: Modified Starches Market 2024

Modified Starches Market Size in Central Asia

The Central Asian modified starches market soared to $X in 2022, with an increase of 90% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Modified Starches Production in Central Asia

In value terms, modified starches production reduced to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports in Central Asia

In 2022, overseas shipments of dextrins and other modified starches were finally on the rise to reach X tons after four years of decline. In general, exports continue to indicate significant growth. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, modified starches exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan dominates exports structure, reaching X tons, which was near 88% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), constituting a 9.4% share of total exports. Tajikistan (X tons) held a minor share of total exports.

Kazakhstan was also the fastest-growing in terms of the dextrins and other modified starches exports, with a CAGR of +38.2% from 2012 to 2022. At the same time, Uzbekistan (+23.8%) displayed positive paces of growth. By contrast, Tajikistan (-10.3%) illustrated a downward trend over the same period. Kazakhstan (+52 p.p.) and Uzbekistan (+9.4 p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan saw its share reduced by -62.1% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest modified starches supplier in Central Asia, comprising 83% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at +42.4%. In the other countries, the average annual rates were as follows: Uzbekistan (+67.4% per year) and Tajikistan (-19.6% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, rising by 105% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+35.3%), while the other leaders experienced mixed trends in the export price figures.

Modified Starches Imports

Imports in Central Asia

In 2022, approx. X tons of dextrins and other modified starches were imported in Central Asia; growing by 6.2% on the previous year. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 69% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, modified starches imports surged to $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 67%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X tons) and Uzbekistan (X tons) were the major importers of dextrins and other modified starches in Central Asia, together comprising 79% of total imports. It was distantly followed by Turkmenistan (X tons), committing a 12% share of total imports. Kyrgyzstan (X tons) and Mongolia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mongolia (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined 92% share of total imports.

In terms of the main importing countries, Uzbekistan, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with an increase of 20% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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