Eastern Europe: Potato Starch Market 2024

Potato Starch Market Size in Eastern Europe

The East European potato starch market surged to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potato Starch Production in Eastern Europe

In value terms, potato starch production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Potato Starch Exports

Exports in Eastern Europe

In 2022, exports of potato starch in Eastern Europe reduced remarkably to X tons, dropping by X% compared with 2021 figures. Total exports indicated a measured expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, potato starch exports amounted to $X in 2022. In general, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Poland (X tons) represented the key exporter of potato starch, constituting X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Ukraine (X tons). All these countries together held near X% share of total exports. Lithuania (X tons) and Latvia (X tons) took a minor share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Ukraine (X%), Lithuania (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Latvia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ukraine, Poland, Lithuania and the Czech Republic increased by X, X, X and X percentage points, respectively.

In value terms, Poland ($X) remains the largest potato starch supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Poland totaled X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Latvia ($X per ton) and Lithuania ($X per ton), while Ukraine ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

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

Potato Starch Imports

Imports in Eastern Europe

In 2022, purchases abroad of potato starch increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potato starch imports soared to $X in 2022. Total imports indicated a remarkable 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, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons) and Poland (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Lithuania (X tons), the Czech Republic (X tons), Romania (X tons) and Belarus (X tons), together constituting a X% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potato starch importing markets in Eastern Europe were Russia ($X), Poland ($X) and Lithuania ($X), with a combined X% share of total imports.

Lithuania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($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

Frequently Asked Questions (FAQ) :