Slovenia: Modified Starches Market 2024

Modified Starches Market Size in Slovenia

In 2022, the Slovene modified starches market increased by 2.6% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.6% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Modified Starches Production in Slovenia

In value terms, modified starches production dropped dramatically to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 118%. Modified starches production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Modified Starches Exports

Exports from Slovenia

In 2022, shipments abroad of dextrins and other modified starches increased by 14% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, modified starches exports skyrocketed to $X in 2022. Overall, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of 94%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), Bosnia and Herzegovina (X tons) and Russia (X tons) were the main destinations of modified starches exports from Slovenia, together comprising 90% of total exports. North Macedonia and Serbia lagged somewhat behind, together comprising a further 7.5%.

From 2012 to 2022, the biggest increases were recorded for North Macedonia (with a CAGR of +26.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for modified starches exported from Slovenia were Russia ($X), Croatia ($X) and Bosnia and Herzegovina ($X), with a combined 91% share of total exports.

In terms of the main countries of destination, Russia, with a CAGR of +27.9%, recorded the highest rates of growth with regard to 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 modified starches export price stood at $X per ton in 2022, rising by 29% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2013 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Croatia ($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 Serbia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Modified Starches Imports

Imports into Slovenia

In 2022, modified starches imports into Slovenia declined markedly to X tons, reducing by -15.7% against the previous year's figure. In general, imports, however, showed slight growth. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, modified starches imports soared to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of modified starches imports to Slovenia, with a combined 66% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +88.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to Slovenia were Belgium ($X), Germany ($X) and the United States ($X), with a combined 59% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +74.9%, 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

In 2022, the average modified starches import price amounted to $X per ton, increasing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform