Romania: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Romania

The Romanian starch manufacture residues market shrank to $X in 2022, dropping by -6.9% against the previous year. Overall, consumption, however, enjoyed a noticeable expansion. Starch manufacture residues consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Starch Manufacture Residues Production in Romania

In value terms, starch manufacture residues production shrank to $X in 2022 estimated in export price. In general, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 94% against the previous year. Starch manufacture residues production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from Romania

In 2022, starch manufacture residues exports from Romania soared to X tons, with an increase of 192% compared with the previous year. Overall, exports, however, recorded a abrupt contraction. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, starch manufacture residues exports soared to $X in 2022. Over the period under review, exports, however, saw a deep downturn. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for starch manufacture residues exports from Romania, accounting for a 38% share of total exports. Moreover, starch manufacture residues exports to Italy exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +67.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+20.8% per year) and the UK (0.0% per year).

In value terms, Italy ($X) remains the key foreign market for residues of starch manufacture exports from Romania, comprising 39% of total exports. The second position in the ranking was taken by Greece ($X), with a 13% share of total exports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +76.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (-16.7% per year) and the UK (0.0% per year).

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, rising by 17% against the previous year. Over the period under review, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 171%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Bulgaria ($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 Turkey (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Romania

In 2022, overseas purchases of residues of starch manufacture were finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 899% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, starch manufacture residues imports surged to $X in 2022. Overall, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 430% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bulgaria (X tons) constituted the largest starch manufacture residues supplier to Romania, with a 88% share of total imports. Moreover, starch manufacture residues imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Hungary (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria totaled +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.3% per year) and Belgium (-13.2% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of residues of starch manufacture to Romania, comprising 78% of total imports. The second position in the ranking was taken by Hungary ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Bulgaria amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+4.3% per year) and Belgium (-20.1% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, rising by 57% against the previous year. In general, the import price, however, continues to indicate a mild contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Hungary ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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