Eastern Europe: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Eastern Europe

For the sixth consecutive year, the East European market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption, however, posted a buoyant increase. The level of consumption peaked in 2021 and is likely to see gradual growth in the near future.

Production of Starch other than Wheat, Corn or Potato in Eastern Europe

In value terms, production of starch other than wheat, corn or potato fell to $X in 2021 estimated in export price. In general, production, however, recorded a prominent increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production of hit record highs at $X in 2020, and then contracted in the following year.

Production By Country in Eastern Europe

Russia (X tons) remains the largest starch other than wheat, corn or potato producing country in Eastern Europe, comprising approx. X% of total volume. Moreover, production of starch other than wheat, corn or potato in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), threefold. Romania (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume in Russia amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Poland (+X% per year) and Romania (+X% per year).

Exports of Starch other than Wheat, Corn or Potato

Exports in Eastern Europe

In 2021, after two years of decline, there was significant growth in shipments abroad of starch other than wheat, corn or potato, when their volume increased by X% to X tons. Overall, exports recorded a significant increase. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Moldova represented the main exporter of starch other than wheat, corn or potato in Eastern Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2021. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%) and Russia (X%). Lithuania (X tons) and Hungary (X tons) followed a long way behind the leaders.

Moldova was also the fastest-growing in terms of the starch other than wheat, corn or potato exports, with a CAGR of +X% from 2012 to 2021. At the same time, Lithuania (+X%), Poland (+X%), the Czech Republic (+X%) and Russia (+X%) displayed positive paces of growth. By contrast, Hungary (-X%) illustrated a downward trend over the same period. Moldova (+X p.p.), the Czech Republic (+X p.p.), Poland (+X p.p.) and Lithuania (+X p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Moldova ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

In terms of the main exporting countries, Moldova, with a CAGR of +X%, saw 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 rn or potato in Eastern Europe stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the other leaders experienced more modest paces of growth.

Imports of Starch other than Wheat, Corn or Potato

Imports in Eastern Europe

In 2021, purchases abroad of starch other than wheat, corn or potato increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. In general, imports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic represented the key importer of starch other than wheat, corn or potato in Eastern Europe, with the volume of imports reaching X tons, which was near X% of total imports in 2021. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by Russia (X%). The following importers - Hungary (X tons) and Lithuania (X tons) - each resulted at a X% share of total imports.

The Czech Republic was also the fastest-growing in terms of the starch other than wheat, corn or potato imports, with a CAGR of +X% from 2012 to 2021. At the same time, Lithuania (+X%), Poland (+X%), Hungary (+X%) and Russia (+X%) displayed positive paces of growth. From 2012 to 2021, the share of the Czech Republic and Poland increased by +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) constitutes the largest market for imported starch other than wheat, corn or potato in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In the Czech Republic, imports of starch other than wheat, corn or potato expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Russia (+X% per year).

Import Prices by Country

The rn or potato in Eastern Europe stood at $X per ton in 2021, growing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hungary ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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