Ukraine: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Ukraine

The Ukrainian market for malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022, rising by 72% against the previous year. Overall, the total consumption 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Ukraine

In value terms, production of malt extract and food preparations of flour, meal, and starches reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by 233%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Ukraine

After two years of growth, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -52.2% to X tons in 2022. Over the period under review, exports, however, showed mild growth. The growth pace was the most rapid in 2014 with an increase of 145% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches plummeted to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 199%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Moldova (X tons) and Georgia (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Ukraine, with a combined 69% 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 Kazakhstan (with a CAGR of +18.9%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Ukraine, comprising 56% of total exports. The second position in the ranking was taken by Moldova ($X), with a 15% share of total exports. It was followed by Georgia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+19.1% per year) and Georgia (-4.9% per year).

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, picking up by 41% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for malt extract and food preparations of flour, meal, and starches increased by +99.0% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Georgia ($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 Russia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in overseas purchases of malt extract and food preparations of flour, meal, and starches, when their volume decreased by -26.5% to X tons. In general, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, imports of malt extract and food preparations of flour, meal, and starches fell significantly to $X in 2022. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 47% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Poland (X tons), Latvia (X tons) and Italy (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Ukraine, together accounting for 56% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +70.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest malt extract and food preparations of flour, meal, and starch suppliers to Ukraine were Latvia ($X), Poland ($X) and Italy ($X), with a combined 60% share of total imports.

Latvia, with a CAGR of +74.8%, saw the highest growth rate of 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 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, rising by 9.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. 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 Russia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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