Eastern Europe: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Eastern Europe

The East European starch manufacture residues market dropped dramatically to $X in 2022, waning by -16.4% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Eastern Europe

In value terms, starch manufacture residues production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports in Eastern Europe

After three years of growth, overseas shipments of residues of starch manufacture decreased by -11.4% to X tons in 2022. The total export volume increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 22% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, starch manufacture residues exports reached $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% 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 +46.3% against 2013 indices. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X tons) and Bulgaria (X tons) were the largest exporters of residues of starch manufacture in 2022, resulting at near 41% and 31% of total exports, respectively. Slovakia (X tons) ranks next in terms of the total exports with a 13% share, followed by Ukraine (7.5%). Poland (X tons) and Lithuania (X tons) held a little 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 Poland (with a CAGR of +46.8%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Bulgaria ($X) and Slovakia ($X) were the countries with the highest levels of exports in 2022, together accounting for 80% of total exports. Poland, Ukraine and Lithuania lagged somewhat behind, together accounting for a further 16%.

In terms of the main exporting countries, Poland, with a CAGR of +49.8%, recorded the highest growth rate of 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, growing by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2013 an increase of 26%. The level of export peaked in 2022 and is expected to retain 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 Poland ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+7.2%), while the other leaders experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports in Eastern Europe

In 2022, approx. X tons of residues of starch manufacture were imported in Eastern Europe; surging by 2.4% against 2021. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 49%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, starch manufacture residues imports fell to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), the Czech Republic (X tons) and Poland (X tons) represented roughly 77% of total imports in 2022. Romania (X tons) took the next position in the ranking, followed by Hungary (X tons). All these countries together held near 11% share of total imports. The following importers - Slovakia (X tons) and Estonia (X tons) - each accounted for an 8.4% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 79% of total imports. Hungary, Romania, Estonia and Slovakia lagged somewhat behind, together comprising a further 13%.

Among the main importing countries, Romania, with a CAGR of +11.6%, saw the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, declining by -2.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 29% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Slovakia ($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 (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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