CIS: Modified Starches Market 2025

Modified Starches Market Size in CIS

The CIS modified starches market skyrocketed to $X in 2022, surging by 25% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Modified Starches Production in CIS

In value terms, modified starches production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports in CIS

In 2022, exports of dextrins and other modified starches in the CIS soared to X tons, picking up by 16% on 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 49%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, modified starches exports surged to $X in 2022. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by 44%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) represented the largest exporter of dextrins and other modified starches, mixing up 76% of total exports. It was distantly followed by Belarus (X tons), making up a 20% share of total exports. Kazakhstan (X tons) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of +9.4% from 2012 to 2022. At the same time, Belarus (+50.8%) and Kazakhstan (+38.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +50.8% from 2012-2022. From 2012 to 2022, the share of Belarus and Kazakhstan increased by +19 and +2.1 percentage points, respectively.

In value terms, Russia ($X) remains the largest modified starches supplier in the CIS, comprising 61% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +8.4%. In the other countries, the average annual rates were as follows: Belarus (+42.8% per year) and Kazakhstan (+42.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, rising by 16% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices failed to regain momentum.

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 Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.0%), while the other leaders experienced a decline in the export price figures.

Modified Starches Imports

Imports in CIS

In 2022, approx. X tons of dextrins and other modified starches were imported in the CIS; which is down by -1.8% on 2021. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, modified starches imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 18% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was approx. 86% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), making up a 5% share of total imports. Belarus (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to modified starches imports into Russia stood at +1.9%. At the same time, Uzbekistan (+16.3%), Kazakhstan (+8.1%) and Belarus (+4.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +16.3% from 2012-2022. While the share of Uzbekistan (+3.3 p.p.) and Kazakhstan (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dextrins and other modified starches in the CIS, comprising 82% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 5.8% share of total imports. It was followed by Belarus, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+7.9% per year) and Belarus (+0.5% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 6.9%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Uzbekistan ($X per ton) and Kazakhstan ($X per ton), while Russia ($X per ton) and Belarus ($X per ton) were 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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