CIS: Maltodextrine Market 2024

Maltodextrine Market Size in CIS

In 2021, after three years of growth, there was significant decline in the CIS maltodextrine market, when its value decreased by -11.1% to $X. Overall, consumption saw a mild reduction. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Maltodextrine Production in CIS

In value terms, maltodextrine production reduced to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Maltodextrine Exports

Exports in CIS

Maltodextrine exports soared to X tons in 2021, picking up by 594% compared with the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, maltodextrine exports surged to $X in 2021. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X tons) represented the key exporter of maltodextrine and maltodextine syrup in the CIS, making up 100% of total export.

Russia was also the fastest-growing in terms of the maltodextrine and maltodextine syrup exports, with a CAGR of +50.9% from 2012 to 2021. Russia (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest maltodextrine supplier in the CIS.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +38.9%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, shrinking by -38.3% against the previous year. Overall, the export price saw a abrupt downturn. The pace of growth was the most pronounced in 2015 when the export price increased by 20% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 -7.9% per year.

Maltodextrine Imports

Imports in CIS

In 2021, supplies from abroad of maltodextrine and maltodextine syrup increased by 2.2% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, maltodextrine imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. 85% of total imports in 2021. It was distantly followed by Belarus (X tons), creating an 8.1% share of total imports. Kazakhstan (X tons) and Uzbekistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to maltodextrine imports into Russia stood at -5.6%. At the same time, Uzbekistan (+23.3%) 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 +23.3% from 2012-2021. By contrast, Kazakhstan (-1.6%) illustrated a downward trend over the same period. While the share of Belarus (+4.5 p.p.) and Uzbekistan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-9.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported maltodextrine and maltodextine syrup in the CIS, comprising 84% of total imports. The second position in the ranking was taken by Belarus ($X), with an 8.6% share of total imports. It was followed by Kazakhstan, with a 2.4% share.

In Russia, maltodextrine imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+4.3% per year) and Kazakhstan (-2.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 25% against the previous year. Import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, maltodextrine import price increased by +63.6% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Russia ($X per ton), while Kazakhstan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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