Starches; Inulin Price in Ukraine - 2023
Contents:
- Starches; Inulin Price in Ukraine (FOB) - 2023
- Starches; Inulin Price in Ukraine (CIF) - 2022
- Starches; Inulin Exports in Ukraine
- Starches; Inulin Imports in Ukraine
Starches; Inulin Price in Ukraine (FOB) - 2023
In August 2023, the average starches; inulin export price amounted to $935 per ton, declining by -1.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 6.2% against the previous month. The export price peaked at $1,161 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($1,265 per ton), while the average price for exports to Costa Rica ($615 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 Thailand (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Price in Ukraine (CIF) - 2022
In 2022, the average starches; inulin import price amounted to $1,157 per ton, jumping by 23% against the previous year. Over the period under review, the import price showed a resilient expansion. The growth pace was the most rapid in 2019 an increase of 73%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($2,428 per ton), while the price for Kazakhstan ($447 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Exports in Ukraine
In 2022, the amount of starches; inulins exported from Ukraine reached 83K tons, with an increase of 3.9% compared with the previous year. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 4.9% against the previous year.
In value terms, starches; inulin exports surged to $58M in 2022. Over the period under review, exports enjoyed 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 Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | 2.0 | 3.6 | 21.2 | 496.3% |
| Poland | 1.7 | 1.6 | 1.5 | 9.5 | 77.5% |
| China | 0.9 | 3.5 | 5.2 | 4.5 | 71.0% |
| Sweden | 0.1 | 0.6 | 0.4 | 3.7 | 233.2% |
| Czech Republic | 1.3 | 0.6 | 0.3 | 2.8 | 29.1% |
| Netherlands | N/A | N/A | N/A | 2.7 | 0% |
| Indonesia | 8.1 | 5.1 | 3.1 | 2.3 | -34.3% |
| Germany | 0.1 | 0.3 | 0.6 | 2.3 | 184.4% |
| Slovakia | 0.7 | 0.5 | 0.8 | 0.9 | 8.7% |
| Nigeria | N/A | N/A | 5.7 | 0.7 | -87.7% |
| Malaysia | 2.0 | 1.9 | 1.8 | 0.1 | -63.2% |
| United Arab Emirates | 6.7 | 5.1 | 1.7 | N/A | -49.6% |
| Saudi Arabia | 3.5 | 2.9 | 0.2 | N/A | -76.1% |
| Others | 3.6 | 5.3 | 14.2 | 7.3 | 26.6% |
| Total | 28.8 | 29.2 | 39.2 | 58.0 | 26.3% |
Top Export Markets for Starches; Inulin from Ukraine in 2022:
- Poland (24.8K tons)
- Thailand (20.2K tons)
- Indonesia (5.8K tons)
- Czech Republic (5.1K tons)
- China (4.9K tons)
- Sweden (3.4K tons)
- Netherlands (3.0K tons)
- Germany (2.5K tons)
- Slovakia (2.2K tons)
- Nigeria (1.0K tons)
- Malaysia (0.1K tons)
Starches; Inulin Imports in Ukraine
Starches; inulin imports into Ukraine plummeted to 2K tons in 2022, waning by -58.8% on 2021. Overall, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 22%.
In value terms, starches; inulin imports contracted sharply to $2.3M in 2022. In general, imports faced a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year.
| Import of Starches; Inulin in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 278 | 409 | 513 | 432 | 15.8% |
| Germany | 801 | 1,150 | 1,090 | 309 | -27.2% |
| Poland | 212 | 270 | 1,088 | 283 | 10.1% |
| Czech Republic | 189 | 151 | 182 | 263 | 11.6% |
| Belgium | 73.5 | 120 | 191 | 193 | 38.0% |
| France | 318 | 206 | 289 | 172 | -18.5% |
| Denmark | 153 | 218 | 263 | 128 | -5.8% |
| Thailand | 137 | 93.1 | 96.2 | 119 | -4.6% |
| Romania | 213 | 85.9 | 69.8 | 83.4 | -26.8% |
| Austria | 32.2 | 63.1 | 357 | 73.8 | 31.8% |
| Kazakhstan | N/A | N/A | 45.6 | 63.5 | 39.3% |
| Bulgaria | N/A | N/A | N/A | 28.6 | 0% |
| Belarus | 2,684 | 835 | 136 | N/A | -77.5% |
| Others | 366 | 216 | 162 | 131 | -29.0% |
| Total | 5,457 | 3,817 | 4,483 | 2,280 | -25.2% |
Top Suppliers of Starches; Inulin to Ukraine in 2022:
- Netherlands (393.5 tons)
- Poland (362.1 tons)
- France (208.8 tons)
- Denmark (163.0 tons)
- Czech Republic (148.6 tons)
- Germany (146.3 tons)
- Kazakhstan (142.0 tons)
- Austria (88.0 tons)
- Romania (83.0 tons)
- Belgium (79.6 tons)
- Thailand (50.8 tons)
- Bulgaria (44.0 tons)
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