Ukraine: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Ukraine

The Ukrainian starch manufacture residues market skyrocketed to $X in 2022, picking up by 35% against the previous year. Over the period under review, the total consumption indicated a buoyant 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 +92.1% against 2015 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Starch Manufacture Residues Production in Ukraine

In value terms, starch manufacture residues production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 19% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Ukraine

In 2022, shipments abroad of residues of starch manufacture decreased by -72.7% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, starch manufacture residues exports reduced markedly to $X in 2022. Over the period under review, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Israel (X tons) was the main destination for starch manufacture residues exports from Ukraine, with a 55% share of total exports. Moreover, starch manufacture residues exports to Israel exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Lithuania (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume to Israel stood at +81.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-20.1% per year) and Lithuania (+0.2% per year).

In value terms, Israel ($X), Lithuania ($X) and Greece ($X) appeared to be the largest markets for starch manufacture residues exported from Ukraine worldwide, together comprising 57% of total exports. Turkey, Norway, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, the Netherlands, with a CAGR of +344.6%, 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

In 2022, the average starch manufacture residues export price amounted to $X per ton, growing by 44% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% 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 export price increased by +63.2% against 2018 indices. As a result, the export price attained 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 the Netherlands ($X per ton), while the average price for exports to Israel ($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 Lithuania (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Starch Manufacture Residues Imports

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of residues of starch manufacture, when their volume decreased by -35.6% to X tons. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 350%. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, starch manufacture residues imports fell to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 287% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Romania (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of starch manufacture residues imports to Ukraine, together comprising 83% of total imports. Belgium, the Czech Republic, Germany, Sweden and Poland lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +328.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starch manufacture residues suppliers to Ukraine were Denmark ($X), the Netherlands ($X) and Romania ($X), together comprising 82% of total imports. Belgium, the Czech Republic, Germany, Sweden and Poland lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Belgium, with a CAGR of +181.6%, 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 more modest paces of growth.

Import Prices by Country

The average starch manufacture residues import price stood at $X per ton in 2022, surging by 35% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 43%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Sweden ($X per ton), while the price for Romania ($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 (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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