Russian Federation: Potato Starch Market 2024

Potato Starch Market Size in the Russian Federation

After two years of decline, the Russian potato starch market increased by 31% to $X in 2021. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potato Starch Production in the Russian Federation

In value terms, potato starch production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 15%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Potato Starch Exports

Exports from the Russian Federation

In 2021, potato starch exports from Russia dropped rapidly to X tons, with a decrease of -35.8% on 2020. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 300% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, potato starch exports fell dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 248%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of potato starch exports from Russia, together comprising 80% of total exports. Tajikistan, Mongolia and Turkmenistan lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potato starch exported from Russia were Kazakhstan ($X), Belarus ($X) and Ukraine ($X), together accounting for 83% of total exports. Tajikistan, Mongolia and Turkmenistan lagged somewhat behind, together accounting for a further 11%.

Tajikistan, with a CAGR of +47.1%, saw the highest rates of growth with regard to 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 2021, the average potato starch export price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2014 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+94.6%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Starch Imports

Imports into the Russian Federation

Potato starch imports into Russia soared to X tons in 2021, growing by 53% against 2020. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports surged to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of potato starch imports to Russia, with a combined 67% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +17.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Denmark ($X) and Germany ($X) appeared to be the largest potato starch suppliers to Russia, together comprising 67% of total imports.

In terms of the main suppliers, Belarus, with a CAGR of +19.0%, saw the highest rates of growth with regard to 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 potato starch import price stood at $X per ton in 2021, with a decrease of -10.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2019 when the average import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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