Eastern Europe: Modified Starches Market 2024

Modified Starches Market Size in Eastern Europe

The East European modified starches market rose to $X in 2022, growing by 1.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Modified Starches Production in Eastern Europe

In value terms, modified starches production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a mild reduction. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports in Eastern Europe

Modified starches exports shrank to X tons in 2022, waning by -6.4% against the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 31% 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, modified starches exports surged to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Lithuania (X tons), distantly followed by Bulgaria (X tons), the Czech Republic (X tons), Poland (X tons), Ukraine (X tons) and Russia (X tons) were the major exporters of dextrins and other modified starches, together making up 93% of total exports. Romania (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Ukraine (with a CAGR of +66.2%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 60% of total exports. Bulgaria, Ukraine, Russia and Romania lagged somewhat behind, together comprising a further 32%.

In terms of the main exporting countries, Ukraine, with a CAGR of +67.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by 47% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, modified starches export price increased by +70.3% against 2020 indices. As a result, the export price attained 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 Ukraine ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+5.2%), while the other leaders experienced more modest paces of growth.

Modified Starches Imports

Imports in Eastern Europe

After two years of growth, overseas purchases of dextrins and other modified starches decreased by -2.9% to X tons in 2022. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of 10%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, modified starches imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Russia (X tons) and Poland (X tons) represented the key importers of dextrins and other modified starches in 2022, accounting for near 33% and 30% of total imports, respectively. The Czech Republic (X tons) took the next position in the ranking, followed by Slovakia (X tons) and Hungary (X tons). All these countries together held near 21% share of total imports. Ukraine (X tons) and Romania (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +10.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together comprising 73% of total imports. Ukraine, Hungary, Slovakia and Romania lagged somewhat behind, together accounting for a further 18%.

In terms of the main importing countries, Hungary, with a CAGR of +7.9%, 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

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of 12% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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