Slovenia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Slovenia

In 2022, the Slovene starch manufacture residues market increased by 12% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +34.1% against 2020 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Starch Manufacture Residues Production in Slovenia

In value terms, starch manufacture residues production shrank to $X in 2022 estimated in export price. In general, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 368% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Starch Manufacture Residues Exports

Exports from Slovenia

In 2022, shipments abroad of residues of starch manufacture decreased by -71.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,397%. The exports peaked at X tons in 2021, and then shrank markedly in the following year.

In value terms, starch manufacture residues exports shrank rapidly to $X in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2018 with an increase of 1,708% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Croatia (X tons), Hungary (X tons) and the Netherlands (X tons) were the main destinations of starch manufacture residues exports from Slovenia, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starch manufacture residues exported from Slovenia were Croatia ($X), Hungary ($X) and the Netherlands ($X), together comprising 99% of total exports.

Among the main countries of destination, Hungary, with a CAGR of +41.9%, 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, picking up by 56% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 118% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 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 Croatia ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+86.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Slovenia

In 2022, starch manufacture residues imports into Slovenia dropped to X tons, reducing by -5% on the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, starch manufacture residues imports rose significantly to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest starch manufacture residues supplier to Slovenia, accounting for a 63% share of total imports. Moreover, starch manufacture residues imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+2.0% per year) and Slovakia (-15.2% per year).

In value terms, the largest starch manufacture residues suppliers to Slovenia were Hungary ($X), Austria ($X) and Slovakia ($X), together accounting for 88% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +11.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, picking up by 18% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% 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 import price increased by +54.2% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 18%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform