Starches; Inulin Price in Estonia - 2023
Contents:
- Starches; Inulin Price in Estonia (CIF) - 2023
- Starches; Inulin Price in Estonia (FOB) - 2022
- Starches; Inulin Imports in Estonia
- Starches; Inulin Exports in Estonia
Starches; Inulin Price in Estonia (CIF) - 2023
The average starches; inulin import price stood at $1,328 per ton in September 2023, growing by 9.3% against the previous month. In general, import price indicated a buoyant increase from September 2022 to September 2023: its price increased at an average monthly rate of +5.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, starches; inulin import price increased by +9.3% against August 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 22% m-o-m. Over the period under review, average import prices attained the peak figure at $1,440 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from the Netherlands ($1,432 per ton) and Finland ($1,383 per ton), while the price for Lithuania ($1,055 per ton) and Poland ($1,101 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Estonia (FOB) - 2022
The average starches; inulin export price stood at $1,126 per ton in 2022, dropping by -10.5% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 66%. The export price peaked at $1,271 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($4,002 per ton), while the average price for exports to Sweden ($674 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 (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Estonia
In 2022, approx. 3K tons of starches; inulins were imported into Estonia; surging by 3% against the previous year's figure. Overall, imports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 3.7%. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, starches; inulin imports stood at $2.6M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 955 | 913 | 845 | 875 | -2.9% |
| Latvia | 139 | 279 | 235 | 308 | 30.4% |
| Germany | 285 | 292 | 250 | 275 | -1.2% |
| France | 279 | 279 | 232 | 229 | -6.4% |
| Netherlands | 18.1 | 17.5 | 128 | 188 | 118.2% |
| Ukraine | 12.2 | 8.7 | 9.9 | 52.8 | 63.0% |
| Poland | 53.4 | 32.0 | 40.9 | 47.9 | -3.6% |
| Others | 728 | 803 | 637 | 669 | -2.8% |
| Total | 2,470 | 2,624 | 2,377 | 2,644 | 2.3% |
Top Suppliers of Starches; Inulin to Estonia in 2022:
- Finland (1264.0 tons)
- Latvia (304.2 tons)
- France (282.1 tons)
- Germany (167.5 tons)
- Netherlands (77.7 tons)
- Ukraine (66.0 tons)
- Poland (53.4 tons)
Starches; Inulin Exports in Estonia
In 2022, shipments abroad of starches; inulins increased by 72% to 41 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a precipitous shrinkage.
In value terms, starches; inulin exports skyrocketed to $46K in 2022. Overall, exports, however, saw a sharp slump.
| Export of Starches; Inulin in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 51.6 | 4.1 | 2.5 | 18.2 | -29.3% |
| Russia | N/A | 1.1 | N/A | 15.8 | 279.0% |
| Lithuania | 0.7 | 3.0 | 6.6 | 4.7 | 88.7% |
| Finland | 36.7 | 4.1 | 15.5 | 3.4 | -54.8% |
| Latvia | 29.7 | 55.1 | 4.7 | 3.2 | -52.4% |
| Others | 0.3 | 3.2 | 0.3 | 0.3 | 0.0% |
| Total | 119 | 70.6 | 29.6 | 45.6 | -27.4% |
Top Export Markets for Starches; Inulin from Estonia in 2022:
- Sweden (26.9 tons)
- Finland (4.2 tons)
- Russia (4.0 tons)
- Latvia (3.8 tons)
- Lithuania (1.5 tons)
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