Starches; Inulin Price in Romania - 2023

Starches; Inulin Price in Romania (FOB) - 2023

In August 2023, the average starches; inulin export price amounted to $742 per ton, shrinking by -4.4% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average export price increased by 28% month-to-month. As a result, the export price reached the peak level of $1,074 per ton. From December 2022 to August 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($1,420 per ton), while the average price for exports to Serbia ($551 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Starches; Inulin Price in Romania (CIF) - 2023

In August 2023, the average starches; inulin import price amounted to $997 per ton, almost unchanged from the previous month. Over the last twelve months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in January 2023 an increase of 19% m-o-m. The import price peaked at $1,216 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Poland ($1,699 per ton), while the price for Serbia ($532 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Starches; Inulin Exports in Romania

In 2022, the amount of starches; inulins exported from Romania surged to 58K tons, increasing by 219% against the previous year. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, starches; inulin exports skyrocketed to $51M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Starches; Inulin in Romania (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	0.1	0.4	2.4	8.4	338.0%
Italy	2.6	0.5	1.7	7.4	41.7%
Portugal	N/A	N/A	N/A	6.6	0%
Netherlands	0.6	1.3	1.8	4.5	95.7%
Spain	N/A	N/A	0.1	3.3	3200.0%
Bulgaria	0.6	0.6	0.6	3.1	72.9%
Greece	1.1	1.2	1.4	3.0	39.7%
France	N/A	N/A	N/A	3.0	0%
Austria	2.2	0.7	0.6	2.3	1.5%
United Kingdom	0.3	0.8	0.3	1.4	67.1%
Serbia	0.3	0.2	0.1	0.9	44.2%
Morocco	N/A	N/A	N/A	0.8	0%
Others	0.5	0.6	2.7	6.1	130.2%
Total	8.4	6.3	11.7	50.7	82.1%

Top Export Markets for Starches; Inulin from Romania in 2022:

Italy (10.3K tons)
Germany (7.6K tons)
Portugal (7.4K tons)
Netherlands (5.6K tons)
Bulgaria (4.6K tons)
Greece (4.5K tons)
Spain (3.5K tons)
Austria (2.5K tons)
France (1.9K tons)
United Kingdom (1.4K tons)
Morocco (1.1K tons)
Serbia (1.0K tons)

Starches; Inulin Imports in Romania

For the fourth consecutive year, Romania recorded growth in supplies from abroad of starches; inulins, which increased by 8.5% to 16K tons in 2022. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, starches; inulin imports skyrocketed to $13M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Starches; Inulin in Romania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	1,574	1,770	1,946	3,144	25.9%
Germany	931	1,211	1,789	3,116	49.6%
Serbia	1,060	985	1,750	1,759	18.4%
Netherlands	507	942	1,612	1,484	43.0%
Italy	532	740	461	619	5.2%
Poland	463	265	341	610	9.6%
Hungary	124	192	325	529	62.2%
Denmark	183	248	135	450	35.0%
Belgium	175	266	320	420	33.9%
Austria	196	342	249	414	28.3%
Czech Republic	364	441	485	363	-0.1%
Ukraine	54.3	24.3	16.7	313	79.3%
Others	771	181	160	194	-36.9%
Total	6,933	7,606	9,592	13,415	24.6%