Russian Federation: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in the Russian Federation

The Russian starch manufacture residues market declined modestly to $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in the Russian Federation

In value terms, starch manufacture residues production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.3% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 28%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports from the Russian Federation

After three years of decline, overseas shipments of residues of starch manufacture increased by 5.3% to X tons in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 1,405%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, starch manufacture residues exports contracted to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 555% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ukraine (X tons) was the main destination for starch manufacture residues exports from Russia, accounting for a 99.9% share of total exports. It was followed by Belarus (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine totaled +44.0%.

In value terms, Ukraine ($X) remains the key foreign market for residues of starch manufacture exports from Russia, comprising 99.9% of total exports. The second position in the ranking was taken by Belarus ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine totaled +46.5%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, dropping by -10.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 192% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Ukraine totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Starch Manufacture Residues Imports

Imports into the Russian Federation

In 2022, approx. X tons of residues of starch manufacture were imported into Russia; which is down by -6.2% on 2021. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, starch manufacture residues imports dropped to $X in 2022. Overall, imports recorded a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), France (X tons) and Hungary (X tons) were the main suppliers of starch manufacture residues imports to Russia, together comprising 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +120.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), France ($X) and Hungary ($X) appeared to be the largest starch manufacture residues suppliers to Russia, with a combined 75% share of total imports.

Turkey, with a CAGR of +107.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 starch manufacture residues import price amounted to $X per ton, shrinking by -4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :