Slovakia: Potato Starch Market 2024

Potato Starch Market Size in Slovakia

The Slovak potato starch market stood at $X in 2021, increasing by 2.8% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Potato Starch Production in Slovakia

In value terms, potato starch production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 316% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Potato Starch Exports

Exports from Slovakia

In 2021, overseas shipments of potato starch increased by 88% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of 200% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, potato starch exports surged to $X in 2021. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 286%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for potato starch exports from Slovakia, accounting for a 68% share of total exports. Moreover, potato starch exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +53.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+20.3% per year) and Austria (+134.0% per year).

In value terms, the largest markets for potato starch exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Austria ($X), with a combined 100% share of total exports.

Austria, with a CAGR of +111.6%, saw 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

The average potato starch export price stood at $X per ton in 2021, waning by -16.1% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($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 Czech Republic (+3.7%), while the prices for the other major destinations experienced a decline.

Potato Starch Imports

Imports into Slovakia

For the fifth year in a row, Slovakia recorded growth in purchases abroad of potato starch, which increased by 23% to X tons in 2021. Overall, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.1% against 2014 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports expanded sharply to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.9% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

The Czech Republic (X tons), France (X tons) and Austria (X tons) were the main suppliers of potato starch imports to Slovakia, together comprising 95% of total imports. Poland and Germany lagged somewhat behind, together comprising a further 3.4%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch suppliers to Slovakia were the Czech Republic ($X), France ($X) and Austria ($X), together comprising 90% of total imports. Germany and Poland lagged somewhat behind, together comprising a further 8.3%.

Germany, with a CAGR of +53.1%, recorded the highest growth rate of the value of imports, among 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 2021, the average potato starch import price amounted to $X per ton, declining by -7.4% against the previous year. In general, the import price saw a pronounced downturn. The growth pace was the most rapid in 2019 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for the Czech Republic ($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 (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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