Ukraine: Market for Starch other than Wheat, Corn or Potato 2022

Market Size for Starch other than Wheat, Corn or Potato in Ukraine

After five years of growth, the Ukrainian market for starch other than wheat, corn or potato decreased by -X% to $X in 2021. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2015 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Production of Starch other than Wheat, Corn or Potato in Ukraine

In value terms, production of starch other than wheat, corn or potato dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2015 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Starch other than Wheat, Corn or Potato

Exports from Ukraine

In 2021, exports of starch other than wheat, corn or potato from Ukraine dropped dramatically to X kg, waning by -X% against 2020 figures. In general, exports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of starch other than wheat, corn or potato fell notably to $X in 2021. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Turkey (X kg) was the main destination for exports of starch other than wheat, corn or potato from Ukraine, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +X%.

Export Prices by Country

In 2021, the average export price for starch other than wheat, corn or potato amounted to $X per ton, falling by -X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -X% per year.

Imports of Starch other than Wheat, Corn or Potato

Imports into Ukraine

In 2021, imports of starch other than wheat, corn or potato into Ukraine surged to X tons, jumping by X% compared with 2020. Over the period under review, imports, however, continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of starch other than wheat, corn or potato skyrocketed to $X in 2021. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest starch other than wheat, corn or potato supplier to Ukraine, accounting for a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Thailand exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Thailand amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Vietnam (-X% per year).

In value terms, Belgium ($X), Thailand ($X) and Vietnam ($X) appeared to be the largest starch other than wheat, corn or potato suppliers to Ukraine, with a combined X% share of total imports.

Belgium, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for starch other than wheat, corn or potato amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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