Russian Federation: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in the Russian Federation

For the sixth year in a row, the Russian market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption, however, enjoyed a resilient expansion. Consumption of peaked in 2021 and is expected to retain growth in the near future.

Production of Starch other than Wheat, Corn or Potato in the Russian Federation

In value terms, production of starch other than wheat, corn or potato contracted to $X in 2021 estimated in export price. Overall, production, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production of attained the peak level at $X in 2020, and then dropped in the following year.

Exports of Starch other than Wheat, Corn or Potato

Exports from the Russian Federation

In 2021, the amount of starch other than wheat, corn or potato exported from Russia soared to X tons, picking up by X% on the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of starch other than wheat, corn or potato soared to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belarus (X tons) was the main destination for exports of starch other than wheat, corn or potato from Russia, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belarus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Uzbekistan (-X% per year).

In value terms, Belarus ($X) remains the key foreign market for starch other than wheat, corn or potato exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belarus amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Belarus ($X per ton), while the average price for exports to Kazakhstan ($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 Uzbekistan (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Starch other than Wheat, Corn or Potato

Imports into the Russian Federation

In 2021, the amount of starch other than wheat, corn or potato imported into Russia reduced sharply to X tons, shrinking by -X% against the year before. In general, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Thailand (X tons), Belgium (X tons) and France (X tons) were the main suppliers of imports of starch other than wheat, corn or potato to Russia, together comprising X% of total imports. These countries were followed by Italy and Germany, which together accounted for a further X 2012 to 2021, the biggest increases were in Italy (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Thailand ($X) and Italy ($X) were the largest starch other than wheat, corn or potato suppliers to Russia, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of +X%, 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

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, picking up by X% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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