Russia plays a notable role in the global tapioca starch market, with significant export and import figures.
Russia’s Tapioca Starch Exports
In 2021, Russia exported a total of $36.6k worth of tapioca starch, securing its position as the 53rd largest global exporter of this product. Tapioca starch ranked 4016th among Russia’s most exported goods, indicating its relatively modest prominence within the country’s overall export portfolio.
The primary destinations for Russia’s tapioca starch exports were Kazakhstan, with imports valued at $17k, followed by Belarus at $15.9k. Kyrgyzstan, Mongolia, and Armenia also featured as notable importers, with respective imports valued at $3.37k, $68, and $65.
Notably, the fastest growing export markets for Russian tapioca starch between 2020 and 2021 were Belarus, experiencing an impressive growth of $14.4k, followed by Kazakhstan with an increase of $4.12k, and Kyrgyzstan with a growth of $1.96k.
Russia’s Tapioca Starch Imports
In 2021, Russia imported approximately $845k worth of tapioca starch, solidifying its position as the 49th largest global importer of this product. Tapioca starch ranked 3711th among Russia’s most imported goods, reflecting its moderate significance within the country’s overall import landscape.
Russia’s primary sources of tapioca starch imports were Thailand, with imports valued at $691k, followed by Germany at $68.1k. Vietnam, Brazil, and Poland also emerged as significant import partners, contributing respective values of $38k, $33.5k, and $8.25k.
Between 2020 and 2021, Russia witnessed notable growth in its import market for tapioca starch. Brazil demonstrated the highest growth rate, with an increase of $30k, followed by Poland with an increase of $7.81k. The United States also experienced positive growth during this period, with an increase of $5.65k.
Russia’s Tapioca Starch Tariffs
In 2018, the average tariff for tapioca starch in Russia was 7.73%. It is worth noting that certain countries imposed the highest import tariffs on tapioca starch. Botswana, Cote d’Ivoire, Cameroon, the Republic of the Congo, and Cape Verde all implemented a Most Favoured Nation duty rate treatment of 10%.
Importing Tapioca Starch from Vietnam
Vietnam has emerged as a prominent supplier of tapioca starch to the Russia market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $37,996. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Russia in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Russia benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Russia’s confidence in Vietnam as a trusted and preferred partner for fulfilling its tapioca starch requirements. With its consistent quality and competitive pricing, Vietnam’s tapioca starch has proven to be a reliable source that meets Russia’s demand for this essential product.