Hungary: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Hungary

The Hungarian starch manufacture residues market amounted to $X in 2022, increasing by 4% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Hungary

In value terms, starch manufacture residues production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Starch manufacture residues production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Hungary

In 2022, the amount of residues of starch manufacture exported from Hungary was estimated at X tons, with an increase of 1.6% compared with 2021 figures. Over the period under review, exports posted a temperate increase. The most prominent rate of growth was recorded in 2015 with an increase of 36%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, starch manufacture residues exports expanded notably to $X in 2022. In general, exports posted strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of starch manufacture residues exports from Hungary, with a combined 48% share of total exports. Italy, Serbia, Sweden, the UK, Slovenia, Poland, Austria, Russia, Slovakia and Denmark lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch manufacture residues exported from Hungary were Germany ($X), Sweden ($X) and Italy ($X), together accounting for 37% of total exports. The Netherlands, the UK, Croatia, Poland, Russia, Denmark, Serbia, Slovenia, Austria and Slovakia lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, Serbia, with a CAGR of +53.1%, 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

In 2022, the average starch manufacture residues export price amounted to $X per ton, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The growth pace was the most rapid in 2013 an increase of 31%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Hungary

In 2022, supplies from abroad of residues of starch manufacture increased by 9.3% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed a tangible expansion. The pace of growth was the most pronounced in 2021 with an increase of 128% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, starch manufacture residues imports surged to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 88%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest starch manufacture residues supplier to Hungary, accounting for a 59% share of total imports. Moreover, starch manufacture residues imports from Slovakia exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovakia stood at +24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.1% per year) and Austria (+4.5% per year).

In value terms, France ($X), Slovakia ($X) and Austria ($X) constituted the largest starch manufacture residues suppliers to Hungary, with a combined 87% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +23.3%, 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

The average starch manufacture residues import price stood at $X per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price saw a mild increase. The most prominent rate of growth was recorded in 2018 an increase of 69%. The import price peaked at $X per ton in 2019; however, from 2020 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 the Netherlands ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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