Starches; Inulin Price in Slovakia - 2023
Contents:
- Starches; Inulin Price in Slovakia (FOB) - 2023
- Starches; Inulin Price in Slovakia (CIF) - 2022
- Starches; Inulin Exports in Slovakia
- Starches; Inulin Imports in Slovakia
Starches; Inulin Price in Slovakia (FOB) - 2023
The average starches; inulin export price stood at $819 per ton in August 2023, declining by -4.5% against the previous month. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 10% month-to-month. As a result, the export price reached the peak level of $1,092 per ton. From January 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the UK ($1,726 per ton), while the average price for exports to Croatia ($668 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 the UK (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Slovakia (CIF) - 2022
The average starches; inulin import price stood at $581 per ton in 2022, growing by 6.2% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the peak figure at $977 per ton in 2012; however, from 2013 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 Belgium ($1,024 per ton), while the price for Bulgaria ($494 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Slovakia
In 2022, the amount of starches; inulins exported from Slovakia skyrocketed to 46K tons, growing by 54% against the year before. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports soared to $35M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 5.8 | 5.3 | 4.8 | 14.9 | 37.0% |
| Germany | 1.5 | 2.2 | 2.6 | 7.2 | 68.7% |
| Czech Republic | 3.5 | 3.1 | 3.3 | 4.9 | 11.9% |
| United States | N/A | N/A | N/A | 1.6 | 0% |
| France | N/A | 1.1 | 0.4 | 1.5 | 16.8% |
| Croatia | 0.5 | 0.1 | 0.6 | 0.8 | 17.0% |
| Italy | 0.2 | 0.6 | 0.7 | 0.6 | 44.2% |
| Others | 2.2 | 2.2 | 2.9 | 3.1 | 12.1% |
| Total | 13.8 | 14.6 | 15.3 | 34.7 | 36.0% |
Top Export Markets for Starches; Inulin from Slovakia in 2022:
- Poland (16.2K tons)
- Germany (15.6K tons)
- Czech Republic (5.9K tons)
- France (1.5K tons)
- Croatia (1.2K tons)
- United States (0.9K tons)
- Italy (0.7K tons)
Starches; Inulin Imports in Slovakia
In 2022, approx. 42K tons of starches; inulins were imported into Slovakia; jumping by 132% on 2021 figures. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports surged to $24M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | 2.5 | 2.9 | 3.3 | 15.6 | 84.1% |
| Czech Republic | 1.8 | 1.7 | 1.7 | 1.6 | -3.9% |
| Belgium | 0.2 | 0.2 | 0.5 | 1.4 | 91.3% |
| France | 0.4 | 0.7 | 1.3 | 1.3 | 48.1% |
| Hungary | 0.1 | 0.1 | 0.1 | 1.2 | 128.9% |
| Ukraine | 0.9 | 0.6 | 0.7 | 1.0 | 3.6% |
| Austria | 0.6 | 0.7 | 0.7 | 0.6 | 0.0% |
| Germany | 0.7 | 0.3 | 0.3 | 0.5 | -10.6% |
| Serbia | 0.2 | 0.4 | 0.2 | 0.4 | 26.0% |
| Netherlands | 0.5 | 1.4 | 0.6 | 0.2 | -26.3% |
| Others | 0.6 | 0.5 | 0.4 | 0.6 | 0.0% |
| Total | 8.5 | 9.4 | 9.9 | 24.4 | 42.1% |
Top Suppliers of Starches; Inulin to Slovakia in 2022:
- Bulgaria (31.6K tons)
- Czech Republic (2.3K tons)
- France (1.7K tons)
- Hungary (1.5K tons)
- Belgium (1.4K tons)
- Ukraine (1.3K tons)
- Austria (0.7K tons)
- Serbia (0.5K tons)
- Germany (0.5K tons)
- Netherlands (0.2K tons)
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