Russian Federation: Modified Starches Market 2024

Modified Starches Market Size in the Russian Federation

The Russian modified starches market contracted slightly to $X in 2022, falling by -3.3% against the previous year. Over the period under review, consumption continues to indicate a mild shrinkage. Modified starches consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Modified Starches Production in the Russian Federation

In value terms, modified starches production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Modified starches production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports from the Russian Federation

Modified starches exports from Russia shrank modestly to X tons in 2022, with a decrease of -4.1% on the previous year. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2018 with an increase of 60% against the previous year. The exports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, modified starches exports shrank to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when exports increased by 63%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Ukraine (X tons), Belarus (X tons) and Iraq (X tons) were the main destinations of modified starches exports from Russia, together comprising 72% of total exports. Kazakhstan, Turkey and Uzbekistan lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +91.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for modified starches exported from Russia were Ukraine ($X), Kazakhstan ($X) and Belarus ($X), with a combined 75% share of total exports. Iraq, Turkey and Uzbekistan lagged somewhat behind, together comprising a further 22%.

Iraq, with a CAGR of +79.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 modified starches export price amounted to $X per ton, falling by -1.9% against the previous year. Over the period under review, the export price saw a mild decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($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 Iraq (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into the Russian Federation

In 2022, the amount of dextrins and other modified starches imported into Russia declined modestly to X tons, which is down by -4.3% compared with 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9.9% against the previous year. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, modified starches imports fell to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 18% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of modified starches imports to Russia, together comprising 44% of total imports. Denmark, Sweden, Finland, Thailand, Italy and the United States lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +6.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) constituted the largest modified starches suppliers to Russia, with a combined 45% share of total imports. France, Thailand, Sweden, Finland, Italy and the United States lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Sweden, with a CAGR of +10.5%, recorded 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 average modified starches import price amounted to $X per ton, with a decrease of -2.2% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 8% against the previous year. The import price peaked at $X per ton in 2021, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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