Ukraine: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Ukraine

After two years of decline, the Ukrainian glycosides and vegetable alkaloids market increased by 31% to $X in 2021. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Glycosides And Vegetable Alkaloids

Exports from Ukraine

In 2021, shipments abroad of glycosides and vegetable alkaloids increased by 89% to X tons, rising for the third consecutive year after two years of decline. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 591% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, glycosides and vegetable alkaloids exports totaled $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 278%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons), Poland (X tons) and Germany (X kg) were the main destinations of glycosides and vegetable alkaloids exports from Ukraine, together accounting for 96% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +292.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Belarus ($X) constituted the largest markets for glycosides and vegetable alkaloids exported from Ukraine worldwide, with a combined 98% share of total exports. These countries were followed by Azerbaijan, which accounted for a further 1.2%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of +212.1%, recorded 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 glycosides and vegetable alkaloids export price stood at $X per ton in 2021, with a decrease of -44% against the previous year. Over the period under review, the export price saw a sharp decrease. The pace of growth appeared the most rapid in 2020 an increase of 160%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, 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 Germany ($X per ton), while the average price for exports to Belarus ($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 China (+48.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glycosides And Vegetable Alkaloids

Imports into Ukraine

Glycosides and vegetable alkaloids imports into Ukraine surged to X tons in 2021, increasing by 82% on the previous year's figure. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% 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 +91.6% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, glycosides and vegetable alkaloids imports amounted to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.8% 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 decreased by -21.6% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 31%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Ukraine, accounting for a 67% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.9% per year) and Malaysia (+60.7% per year).

In value terms, China ($X), India ($X) and the UK ($X) constituted the largest glycosides and vegetable alkaloids suppliers to Ukraine, with a combined 40% share of total imports. These countries were followed by Malaysia and Spain, which together accounted for a further 3.7%.

Malaysia, with a CAGR of +34.8%, saw the highest rates of growth with regard to 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 glycosides and vegetable alkaloids import price amounted to $X per ton, falling by -41.6% against the previous year. Overall, the import price recorded a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 56%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained 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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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