Ukraine: Modified Starches Market 2024

Modified Starches Market Size in Ukraine

The Ukrainian modified starches market declined rapidly to $X in 2022, reducing by -78.1% against the previous year. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Modified Starches Production in Ukraine

In value terms, modified starches production dropped modestly to $X in 2022 estimated in export price. In general, production showed a slight shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 72%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Modified Starches Exports

Exports from Ukraine

In 2022, exports of dextrins and other modified starches from Ukraine skyrocketed to X tons, with an increase of 323% against the previous year. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 450% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, modified starches exports skyrocketed to $X in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for modified starches exports from Ukraine, with a 48% share of total exports. Moreover, modified starches exports to the Czech Republic exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at +376.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1,260.4% per year) and Germany (+425.5% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for dextrins and other modified starches exports from Ukraine, comprising 48% of total exports. The second position in the ranking was taken by Turkey ($X), with a 23% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +426.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+1,560.7% per year) and Germany (+343.0% per year).

Export Prices by Country

In 2022, the average modified starches export price amounted to $X per ton, with an increase of 62% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Poland ($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 Bulgaria (+88.9%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports

Imports into Ukraine

Modified starches imports into Ukraine fell to X tons in 2022, waning by -14.2% compared with the previous year's figure. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, modified starches imports declined markedly to $X in 2022. In general, imports saw a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of modified starches imports to Ukraine, with a combined 64% 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 Germany (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Austria ($X) were the largest modified starches suppliers to Ukraine, with a combined 63% share of total imports.

Germany, with a CAGR of +12.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average modified starches import price stood at $X per ton in 2022, declining by -9.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 47%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 ($X per ton), while the price for Poland ($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 (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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