Estonia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Estonia

In 2022, the Estonian starch manufacture residues market decreased by -0.2% to $X, falling for the third consecutive year after six years of growth. Over the period under review, consumption, however, recorded a abrupt decrease. Starch manufacture residues consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Starch Manufacture Residues Production in Estonia

In value terms, starch manufacture residues production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29%. Starch manufacture residues production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Estonia

In 2022, exports of residues of starch manufacture from Estonia soared to X tons, rising by 49% on the year before. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,569%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, starch manufacture residues exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,377% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Finland (X tons) and Denmark (X tons) were the main destinations of starch manufacture residues exports from Estonia.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +111.2%).

In value terms, Finland ($X) and Denmark ($X) appeared to be the largest markets for starch manufacture residues exported from Estonia worldwide.

Denmark, with a CAGR of +116.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, which is down by -8.8% against the previous year. In general, the export price showed a deep setback. The growth pace was the most rapid in 2018 an increase of 122%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Denmark stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+22.5%).

Starch Manufacture Residues Imports

Imports into Estonia

For the fourth consecutive year, Estonia recorded growth in purchases abroad of residues of starch manufacture, which increased by 107% to X tons in 2022. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 72,248% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 34,619% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest starch manufacture residues supplier to Estonia, with a 77% share of total imports. Moreover, starch manufacture residues imports from Ukraine exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine totaled +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-9.9% per year) and Germany (+42.5% per year).

In value terms, Ukraine ($X) constituted the largest supplier of residues of starch manufacture to Estonia, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Lithuania, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to +64.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.9% per year) and Lithuania (-8.5% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, reducing by -10.5% against the previous year. Over the period under review, the import price, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 an increase of 60%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform