Central Asia: Modified Starches Market 2024

Modified Starches Market Size in Central Asia

The Central Asian modified starches market surged to $X in 2022, growing by X% against the previous year. In general, consumption saw a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Modified Starches Production in Central Asia

In value terms, modified starches production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Modified Starches Exports

Exports in Central Asia

In 2022, overseas shipments of dextrins and other modified starches were finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports showed significant growth. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, modified starches exports soared to $X in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan was the key exporting country with an export of around X tons, which accounted for X% of total exports. Kyrgyzstan (X tons) ranks second in terms of the total exports with a X% share, followed by Uzbekistan (X%). Tajikistan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to modified starches exports from Kazakhstan stood at X%. At the same time, Kyrgyzstan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Tajikistan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.), Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total exports, while Tajikistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest modified starches supplier in Central Asia, comprising X% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated a noticeable 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was 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 mixed trends in the export price figures.

Modified Starches Imports

Imports in Central Asia

In 2022, purchases abroad of dextrins and other modified starches increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, modified starches imports surged to $X in 2022. Overall, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Kazakhstan (X tons) and Uzbekistan (X tons) were the largest importers of dextrins and other modified starches in 2022, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Turkmenistan (X tons), constituting an X% share of total imports. Kyrgyzstan (X tons), Mongolia (X tons) and Tajikistan (X tons) took a minor share of total imports.

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

In value terms, the largest modified starches importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of 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 Central Asia stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Kyrgyzstan ($X per ton), while Mongolia ($X per ton) was 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 a decline in the import price figures.

Source: IndexBox Platform

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