Report Update: Apr 1, 2024

Hungary - Dextrins And Other Modified Starches - Market Analysis, Forecast, Size, Trends And Insights

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Modified Starches Price in Hungary - 2023

Modified Starches Price in Hungary (CIF) - 2023

The average modified starches import price stood at $2,154 per ton in June 2023, growing by 9.8% against the previous month. In general, the import price posted a measured expansion. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 52% month-to-month. Over the period under review, average import prices reached the peak figure at $2,386 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Slovakia ($3,028 per ton), while the price for Serbia ($1,034 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Modified Starches Price in Hungary (FOB) - 2022

The average modified starches export price stood at $3,191 per ton in 2022, reducing by -22.5% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, modified starches export price decreased by -29.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 52%. As a result, the export price reached the peak level of $4,537 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($5,602 per ton), while the average price for exports to Romania ($1,591 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 Spain (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Modified Starches Imports in Hungary

In 2022, modified starches imports into Hungary dropped to 15K tons, with a decrease of -4.6% against the previous year's figure. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 15K tons, and then shrank in the following year.

In value terms, modified starches imports rose markedly to $19M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Modified Starches in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.7	6.0	6.0	5.1	-8.7%
Netherlands	2.5	2.4	3.0	3.8	15.0%
Belgium	1.0	2.1	3.0	3.7	54.7%
Slovakia	1.4	1.1	1.7	1.7	6.7%
Italy	0.1	0.3	0.4	0.8	100.0%
France	0.9	1.0	1.2	0.8	-3.9%
Denmark	0.5	0.4	0.6	0.7	11.9%
Austria	0.7	0.6	0.6	0.6	-5.0%
Bulgaria	0.2	0.2	0.3	0.4	26.0%
Serbia	0.2	0.2	0.3	0.3	14.5%
Others	1.2	1.1	0.7	0.9	-9.1%
Total	15.4	15.5	17.7	18.6	6.5%

Top Suppliers of Modified Starches to Hungary in 2022:

Belgium (4.8K tons)
Germany (3.8K tons)
Netherlands (2.2K tons)
Slovakia (0.9K tons)
Italy (0.8K tons)
Denmark (0.4K tons)
Serbia (0.4K tons)
Austria (0.4K tons)
Bulgaria (0.4K tons)
France (0.2K tons)

Modified Starches Exports in Hungary

In 2022, approx. 675 tons of dextrins and other modified starches were exported from Hungary; growing by 107% compared with 2021 figures. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, modified starches exports skyrocketed to $2.2M in 2022. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Modified Starches in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	64.4	33.9	108	994	149.0%
Romania	368	142	99.3	151	-25.7%
France	21.9	61.0	97.7	138	84.7%
United States	25.6	66.1	57.9	92.3	53.3%
Belgium	6.6	11.8	70.3	87.0	136.2%
Japan	2.0	21.4	61.8	80.2	242.3%
Germany	42.6	190	278	71.4	18.8%
India	92.0	16.6	55.7	64.4	-11.2%
Czech Republic	8.6	7.0	26.8	64.1	95.3%
Spain	22.3	15.8	68.6	59.8	38.9%
Switzerland	8.1	14.9	9.9	45.5	77.8%
South Korea	N/A	28.5	36.6	36.8	13.6%
Others	334	343	369	269	-7.0%
Total	996	951	1,339	2,153	29.3%

Top Export Markets for Modified Starches from Hungary in 2022:

Slovakia (311.1 tons)
Romania (94.9 tons)
France (31.9 tons)
Czech Republic (28.1 tons)
United States (27.3 tons)
Japan (26.8 tons)
India (20.6 tons)
Belgium (18.1 tons)
Switzerland (17.6 tons)
South Korea (12.2 tons)
Spain (10.7 tons)
Germany (9.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the modified starches market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023