Central Asia: Maize Starch Market 2024

Maize Starch Market Size in Central Asia

In 2022, the Central Asian maize starch market decreased by X% to $X, falling for the third year in a row after three years of growth. In general, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Maize Starch Production in Central Asia

In value terms, maize starch production contracted slightly to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

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Maize Starch Exports

Exports in Central Asia

In 2022, overseas shipments of maize (corn) starch decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, maize starch exports soared to $X in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Kazakhstan prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Uzbekistan (X tons), achieving a X% share of total exports.

Exports from Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by X percentage points.

In value terms, Kazakhstan ($X) remains the largest maize starch supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a slight descent. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Maize Starch Imports

Imports in Central Asia

In 2022, maize starch imports in Central Asia was estimated at X tons, increasing by X% against the previous year's figure. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, maize starch imports surged to $X in 2022. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Uzbekistan was the main importer of maize (corn) starch in Central Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Kazakhstan (X tons) held the second position in the ranking, followed by Kyrgyzstan (X tons) and Tajikistan (X tons). All these countries together took approx. X% share of total imports. Mongolia (X tons) held a little share of total imports.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Mongolia (X%), Tajikistan (X%), Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Uzbekistan (X p.p.), Mongolia (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Kyrgyzstan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported maize (corn) starch in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Uzbekistan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Kyrgyzstan (X% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mongolia ($X per ton) and Kazakhstan ($X per ton), while Uzbekistan ($X per ton) and Kyrgyzstan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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