Eastern Europe: Wheat Starch Market 2024

Wheat Starch Market Size in Eastern Europe

The East European wheat starch market fell to $X in 2023, waning by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2022, and then fell slightly in the following year.

Wheat Starch Production in Eastern Europe

In value terms, wheat starch production declined to $X in 2023 estimated in export price. The total production indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then dropped in the following year.

Wheat Starch Exports

Exports in Eastern Europe

In 2023, after two years of growth, there was significant decline in overseas shipments of wheat starch, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then shrank in the following year.

In value terms, wheat starch exports shrank to $X in 2023. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Lithuania was the key exporter of wheat starch in Eastern Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Hungary (X%).

From 2012 to 2023, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price enjoyed a mild increase. The pace of growth was the most pronounced in 2022 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced mixed trends in the export price figures.

Wheat Starch Imports

Imports in Eastern Europe

After four years of growth, purchases abroad of wheat starch decreased by X% to X tons in 2023. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then reduced in the following year.

In value terms, wheat starch imports rose to $X in 2023. Over the period under review, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

In 2023, Poland (X tons) represented the main importer of wheat starch, committing X% of total imports. It was distantly followed by the Czech Republic (X tons), achieving a X% share of total imports. Slovakia (X tons), Russia (X tons) and Lithuania (X tons) held a relatively small share of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2023. At the same time, the Czech Republic (X%), Slovakia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia experienced a relatively flat trend pattern. While the share of Poland (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Lithuania (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported wheat starch in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

In Poland, wheat starch imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Russia (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a slight increase. The pace of growth was the most pronounced in 2022 an increase of X%. Over the period under review, import prices attained the maximum in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform