CIS: Maize Starch Market 2024

Maize Starch Market Size in CIS

After five years of growth, the CIS maize starch market decreased by X% to $X in 2022. The total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Maize Starch Production in CIS

In value terms, maize starch production amounted to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 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 CIS

In 2022, shipments abroad of maize (corn) starch decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, maize starch exports surged to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of maize (corn) starch, comprising X% of total exports. It was distantly followed by Kazakhstan (X tons), creating a X% share of total exports. Uzbekistan (X tons) and Azerbaijan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to maize starch exports from Russia stood at X%. At the same time, Uzbekistan (X%), Azerbaijan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kazakhstan, Uzbekistan and Azerbaijan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest maize starch supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

In Russia, maize starch exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. Export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize starch export price increased by X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Maize Starch Imports

Imports in CIS

In 2022, after five years of growth, there was significant decline in supplies from abroad of maize (corn) starch, when their volume decreased by X% to X tons. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, maize starch imports expanded rapidly to $X in 2022. In general, imports, however, saw a prominent increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the key importing country with an import of around X tons, which recorded X% of total imports. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%), Kyrgyzstan (X%), Armenia (X%) and Tajikistan (X%). Azerbaijan (X tons) followed a long way behind the leaders.

Imports into Uzbekistan increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%), Armenia (X%), Kazakhstan (X%), Azerbaijan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Kazakhstan, Armenia, Tajikistan and Azerbaijan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Uzbekistan ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Kyrgyzstan, Tajikistan, Armenia and Azerbaijan lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Tajikistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, maize starch import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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