CIS: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in CIS

After two years of growth, the CIS market for malt extract and food preparations of flour, meal, and starches decreased by -7.5% to $X in 2022. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in CIS

In value terms, production of malt extract and food preparations of flour, meal, and starches contracted modestly to $X in 2022 estimated in export price. Overall, production recorded modest growth. The growth pace was the most rapid in 2018 when the production volume increased by 394% against the previous year. Over the period under review, production of hit record highs at $X in 2021, and then contracted in the following year.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports in CIS

In 2022, exports of malt extract and food preparations of flour, meal, and starches in the CIS contracted to X tons, which is down by -4% against 2021 figures. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 176% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 106% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Russia (X tons) was the main exporter of malt extract and food preparations of flour, meal, and starches, mixing up 82% of total exports. It was distantly followed by Belarus (X tons), making up a 17% share of total exports.

Russia was also the fastest-growing in terms of the malt extract and food preparations of flour, meal, and starches exports, with a CAGR of +22.0% from 2012 to 2022. At the same time, Belarus (+3.8%) displayed positive paces of growth. From 2012 to 2022, the share of Russia increased by +33 percentage points.

In value terms, the largest malt extract and food preparations of flour, meal, and starch supplying countries in the CIS were Russia ($X) and Belarus ($X).

Among the main exporting countries, Russia, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, falling by -5% against the previous year. In general, the export price saw a deep slump. The growth pace was the most rapid in 2018 an increase of 45% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.2%).

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports in CIS

Imports of malt extract and food preparations of flour, meal, and starches fell to X tons in 2022, reducing by -11.2% on the year before. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 67% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches shrank to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) was the key importer of malt extract and food preparations of flour, meal, and starches, comprising 45% of total imports. It was distantly followed by Uzbekistan (X tons), Kazakhstan (X tons) and Belarus (X tons), together committing a 38% share of total imports. The following importers - Tajikistan (X tons), Moldova (X tons) and Azerbaijan (X tons) - each resulted at a 12% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of malt extract and food preparations of flour, meal, and starches. At the same time, Uzbekistan (+32.4%), Belarus (+24.8%), Kazakhstan (+19.5%), Tajikistan (+14.1%), Moldova (+13.5%) and Azerbaijan (+12.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +32.4% from 2012-2022. From 2012 to 2022, the share of Uzbekistan, Kazakhstan, Belarus, Tajikistan and Moldova increased by +16, +9.2, +6.4, +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported malt extract and food preparations of flour, meal, and starches in the CIS, comprising 59% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports. It was followed by Uzbekistan, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +2.3%. In the other countries, the average annual rates were as follows: Kazakhstan (+22.4% per year) and Uzbekistan (+31.6% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, surging by 4.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 24%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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