CIS: Wheat Starch Market 2024

Wheat Starch Market Size in CIS

In 2021, the CIS wheat starch market increased by 8.6% to $X, rising for the sixth year in a row after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the near future.

Wheat Starch Production in CIS

In value terms, wheat starch production declined to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Wheat Starch Exports

Exports in CIS

In 2021, the amount of wheat starch exported in the CIS skyrocketed to X tons, rising by 269% on 2020. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 751%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, wheat starch exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 703% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Kazakhstan (X tons) was the major exporter of wheat starch, mixing up 78% of total exports. It was distantly followed by Russia (X tons), creating a 22% share of total exports.

Kazakhstan was also the fastest-growing in terms of the wheat starch exports, with a CAGR of +346.5% from 2012 to 2021. At the same time, Russia (+69.0%) displayed positive paces of growth. From 2012 to 2021, the share of Kazakhstan increased by +78 percentage points.

In value terms, Kazakhstan ($X) emerged as the largest wheat starch supplier in the CIS, comprising 75% of total exports. The second position in the ranking was held by Russia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +368.2%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 16%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.9%).

Wheat Starch Imports

Imports in CIS

For the fourth consecutive year, the CIS recorded growth in purchases abroad of wheat starch, which increased by 80% to X tons in 2021. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat starch imports soared to $X in 2021. Over the period under review, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was near 70% of total imports in 2021. Kyrgyzstan (X tons) held a 9.4% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (7.4%) and Tajikistan (5.4%). Belarus (X tons), Azerbaijan (X tons) and Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to wheat starch imports into Russia stood at +11.6%. At the same time, Kyrgyzstan (+189.5%), Tajikistan (+108.3%), Uzbekistan (+101.0%), Azerbaijan (+99.8%) and Kazakhstan (+11.5%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +189.5% from 2012-2021. By contrast, Belarus (-5.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kyrgyzstan, Uzbekistan, Tajikistan and Azerbaijan increased by +9.4, +7.4, +5.4 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported wheat starch in the CIS, comprising 66% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 13% share of total imports. It was followed by Uzbekistan, with a 9.3% share.

In Russia, wheat starch imports increased at an average annual rate of +5.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (+139.2% per year) and Uzbekistan (+108.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, declining by -8.9% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 an increase of 9.5%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :