Slovakia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Slovakia

In 2022, the Slovak starch manufacture residues market increased by 7.3% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Slovakia

In value terms, starch manufacture residues production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible contraction. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26% against the previous year. Starch manufacture residues production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Starch Manufacture Residues Exports

Exports from Slovakia

Starch manufacture residues exports from Slovakia reduced to X tons in 2022, with a decrease of -11.6% against the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 12% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, starch manufacture residues exports expanded significantly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 33%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of starch manufacture residues exports from Slovakia, together comprising 66% of total exports. Poland, Austria, Hungary, Denmark, Russia and Slovenia lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +17.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Italy ($X) constituted the largest markets for starch manufacture residues exported from Slovakia worldwide, together accounting for 63% of total exports. Denmark, the Czech Republic, Hungary, Austria, Russia and Slovenia lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Denmark, with a CAGR of +21.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starch manufacture residues export price stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starch manufacture residues export price increased by +54.6% against 2020 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the 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 Denmark ($X per ton), while the average price for exports to the Czech Republic ($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 Hungary (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Slovakia

In 2022, approx. X tons of residues of starch manufacture were imported into Slovakia; increasing by 15% against the previous year's figure. In general, imports showed a modest expansion. The growth pace was the most rapid in 2019 when imports increased by 122%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, starch manufacture residues imports reduced remarkably to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 35%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) was the main supplier of starch manufacture residues to Slovakia, with a 97% share of total imports. It was followed by the Czech Republic (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+3.2% per year) and France (-24.2% per year).

In value terms, Hungary ($X) constituted the largest supplier of residues of starch manufacture to Slovakia, comprising 69% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+4.0% per year) and France (-25.5% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, dropping by -51.1% against the previous year. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 67% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary ($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 Czech Republic (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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