Starches; Inulin Price in Sweden - 2023
Contents:
- Starches; Inulin Price in Sweden (CIF) - 2022
- Starches; Inulin Price in Sweden (FOB) - 2023
- Starches; Inulin Imports in Sweden
- Starches; Inulin Exports in Sweden
Starches; Inulin Price in Sweden (CIF) - 2022
The average starches; inulin import price stood at $921 per ton in 2022, rising by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,215 per ton), while the price for Ukraine ($605 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Sweden (FOB) - 2023
The average starches; inulin export price stood at $777 per ton in August 2023, surging by 5.4% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 21% month-to-month. As a result, the export price reached the peak level of $1,036 per ton. From November 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Norway ($2,171 per ton), while the average price for exports to Finland ($651 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Sweden
Starches; inulin imports into Sweden skyrocketed to 48K tons in 2022, increasing by 16% against the previous year's figure. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin imports skyrocketed to $44M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 13.5 | 13.4 | 15.8 | 15.5 | 4.7% |
| Germany | 6.0 | 5.3 | 8.0 | 10.4 | 20.1% |
| France | 3.8 | 3.3 | 3.8 | 5.9 | 15.8% |
| Thailand | 1.8 | 2.4 | 1.8 | 3.5 | 24.8% |
| Czech Republic | N/A | 0.3 | N/A | 3.0 | 216.2% |
| Denmark | 1.7 | 1.8 | 1.8 | 2.6 | 15.2% |
| Belgium | 1.4 | 1.3 | 2.5 | 1.4 | 0.0% |
| Ukraine | N/A | N/A | N/A | 1.2 | 0% |
| Others | 2.8 | 2.6 | 0.9 | 0.9 | -31.5% |
| Total | 30.9 | 30.4 | 34.6 | 44.5 | 12.9% |
Top Suppliers of Starches; Inulin to Sweden in 2022:
- Netherlands (18.9K tons)
- Germany (8.5K tons)
- France (7.1K tons)
- Thailand (3.7K tons)
- Denmark (3.1K tons)
- Czech Republic (2.7K tons)
- Ukraine (2.0K tons)
- Belgium (1.4K tons)
Starches; Inulin Exports in Sweden
In 2022, the amount of starches; inulins exported from Sweden reduced remarkably to 16K tons, waning by -33.7% on the previous year's figure. In general, exports saw a slight descent. The pace of growth appeared the most rapid in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of 24K tons, and then shrank significantly in the following year.
In value terms, starches; inulin exports expanded slightly to $12M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Starches; Inulin in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 4.5 | 5.4 | 8.7 | 4.3 | -1.5% |
| Netherlands | 1.1 | N/A | N/A | 3.0 | 39.7% |
| Norway | 0.7 | 0.6 | 0.7 | 0.8 | 4.6% |
| Israel | N/A | N/A | N/A | 0.6 | 0% |
| Mexico | N/A | N/A | N/A | 0.4 | 0% |
| Pakistan | N/A | N/A | N/A | 0.3 | 0% |
| France | N/A | N/A | N/A | 0.3 | 0% |
| Russia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| United States | 0.1 | 0.7 | 0.2 | 0.2 | 26.0% |
| Germany | 0.6 | N/A | 0.1 | 0.1 | -45.0% |
| Lithuania | 0.9 | 0.2 | N/A | N/A | -77.8% |
| Others | 0.9 | 0.5 | 1.2 | 1.3 | 13.0% |
| Total | 8.7 | 7.5 | 11.2 | 11.6 | 10.1% |
Top Export Markets for Starches; Inulin from Sweden in 2022:
- Lithuania (undefinedK tons)
- Finland (7.6K tons)
- Netherlands (4.2K tons)
- Israel (0.6K tons)
- Norway (0.6K tons)
- Russia (0.5K tons)
- France (0.4K tons)
- Mexico (0.3K tons)
- United States (0.3K tons)
- Pakistan (0.2K tons)
- Germany (0.2K tons)
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