Latest Report Update: Apr 10, 2019

Latin America and the Caribbean - Cassava - Market Analysis, Forecast, Size, Trends and Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Sep 9, 2019

Cassava Market in Latin America and the Caribbean - Brazil Is the Largest Market with a Steady Decline

IndexBox has just published a new report: 'Latin America and the Caribbean - Cassava - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the cassava market in Latin America and the Caribbean amounted to $29.8B in 2018, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, cassava consumption continues to indicate a mild contraction.

Consumption By Country

The country with the largest volume of cassava consumption was Brazil (18M tonnes), accounting for 67% of total consumption. Moreover, cassava consumption in Brazil exceeded the figures recorded by the region's second-largest consumer, Paraguay (3M tonnes), sixfold. Colombia (2.2M tonnes) ranked third in terms of total consumption with a 8.2% share.

In Brazil, cassava consumption shrank by an average annual rate of -3.4% over the period from 2007-2018. The remaining consuming countries recorded the following average annual rates of consumption growth: Paraguay (+3.2% per year) and Colombia (+2.0% per year).

In value terms, Brazil ($20.8B) led the market, alone. The second position in the ranking was occupied by Paraguay ($3.6B). It was followed by Colombia.

In 2018, the highest levels of cassava per capita consumption was registered in Paraguay (440 kg per person), followed by Brazil (86 kg per person), Cuba (63 kg per person) and Haiti (45 kg per person), while the world average per capita consumption of cassava was estimated at 42 kg per person.

In Paraguay, cassava per capita consumption increased at an average annual rate of +1.8% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Brazil (-4.2% per year) and Cuba (+5.9% per year).

Production in Latin America and the Caribbean

In 2018, the amount of cassava produced in Latin America and the Caribbean totaled 27M tonnes, falling by -2.4% against the previous year. In general, cassava production continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 with an increase of 6.5% y-o-y. The volume of cassava production peaked at 34M tonnes in 2008; however, from 2009 to 2018, production remained at a lower figure. The general negative trend in terms of cassava output was largely conditioned by a mild deduction of the harvested area and a relatively flat trend pattern in yield figures.

Production By Country

Brazil (18M tonnes) remains the largest cassava producing country in Latin America and the Caribbean, comprising approx. 67% of total production. Moreover, cassava production in Brazil exceeded the figures recorded by the region's second-largest producer, Paraguay (3M tonnes), sixfold. Colombia (2.2M tonnes) ranked third in terms of total production with a 8.2% share.

In Brazil, cassava production plunged by an average annual rate of -3.4% over the period from 2007-2018. The remaining producing countries recorded the following average annual rates of production growth: Paraguay (+3.2% per year) and Colombia (+2.0% per year).

Harvested Area

The cassava harvested area totaled 2.1M ha in 2018, shrinking by -2.1% against the previous year. Overall, the cassava harvested area continues to indicate a measured slump. The growth pace was the most rapid in 2010 when harvested area increased by 2.2% against the previous year. Over the period under review, the harvested area dedicated to cassava production attained its maximum at 2.7M ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Yield

The average cassava yield stood at 13 tonne per ha in 2018, approximately mirroring the previous year. In general, the cassava yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 4.7% year-to-year. Over the period under review, the cassava yield attained its peak figure level at 13 tonne per ha in 2015; however, from 2016 to 2018, yield stood at a somewhat lower figure.

Exports in Latin America and the Caribbean

In 2018, the cassava exports in Latin America and the Caribbean totaled 106K tonnes, dropping by -3.6% against the previous year. Overall, cassava exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 6.6% y-o-y. In that year, cassava exports reached their peak of 113K tonnes. From 2017 to 2018, the growth of cassava exports remained at a somewhat lower figure.

In value terms, cassava exports totaled $108M (IndexBox estimates) in 2018. The total exports indicated a strong increase from 2007 to 2018: its value increased at an average annual rate of +0.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava exports increased by +62.0% against 2012 indices. The growth pace was the most rapid in 2008 when exports increased by 57% year-to-year. The level of exports peaked in 2018 and are likely to continue its growth in the near future.

Exports by Country

Costa Rica prevails in cassava exports structure, accounting for 94K tonnes, which was approx. 89% of total exports in 2018. Nicaragua (4.6K tonnes), Honduras (2.9K tonnes) and Peru (2K tonnes) held a minor share of total exports.

Costa Rica experienced a relatively flat trend pattern of cassava exports. At the same time, Peru (+42.0%), Honduras (+7.8%) and Nicaragua (+3.8%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter in Latin America and the Caribbean, with a CAGR of +42.0% from 2007-2018. From 2007 to 2018, the share of Costa Rica, Peru and Honduras increased by +3.6%, +1.8% and +1.5% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Costa Rica ($97M) remains the largest cassava supplier in Latin America and the Caribbean, comprising 90% of total cassava exports. The second position in the ranking was occupied by Honduras ($5.2M), with a 4.8% share of total exports. It was followed by Nicaragua, with a 1.8% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Costa Rica stood at +8.1%. In the other countries, the average annual rates were as follows: Honduras (+22.9% per year) and Nicaragua (+8.8% per year).

Export Prices by Country

The cassava export price in Latin America and the Caribbean stood at $1,011 per tonne in 2018, jumping by 8.4% against the previous year. The export price indicated a buoyant increase from 2007 to 2018: its price increased at an average annual rate of +7.5% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava export price increased by +31.6% against 2014 indices. The most prominent rate of growth was recorded in 2008 when the export price increased by 74% against the previous year. Over the period under review, the export prices for cassava reached their maximum in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Honduras ($1,793 per tonne), while Peru ($301 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Honduras, while the other leaders experienced more modest paces of growth.

Imports in Latin America and the Caribbean

In 2018, the cassava imports in Latin America and the Caribbean stood at 7.6K tonnes, going up by 32% against the previous year. In general, cassava imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of 56% y-o-y. The volume of imports peaked at 11K tonnes in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, cassava imports totaled $3M (IndexBox estimates) in 2018. The total imports indicated a temperate expansion from 2007 to 2018: its value decreased at an average annual rate of -3.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava imports increased by +88.6% against 2015 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 45% year-to-year. The level of imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, El Salvador (4.4K tonnes) represented the main importer of cassava, committing 58% of total imports. It was distantly followed by Chile (2K tonnes), constituting a 26% share of total imports. Brazil (336 tonnes) and Colombia (206 tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to cassava imports into El Salvador stood at +2.9%. At the same time, Chile (+37.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer in Latin America and the Caribbean, with a CAGR of +37.8% from 2007-2018. Colombia experienced a relatively flat trend pattern. By contrast, Brazil (-22.7%) illustrated a downward trend over the same period. While the share of Chile (+25 p.p.) and El Salvador (+16 p.p.) increased significantly in terms of the total imports from 2007-2018, the share of Brazil (-71 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, El Salvador ($1.4M) constitutes the largest market for imported cassava in Latin America and the Caribbean, comprising 45% of total cassava imports. The second position in the ranking was occupied by Chile ($642K), with a 21% share of total imports. It was followed by Colombia, with a 4.8% share.

From 2007 to 2018, the average annual rate of growth in terms of value in El Salvador stood at +3.7%. In the other countries, the average annual rates were as follows: Chile (+24.6% per year) and Colombia (+2.0% per year).

Import Prices by Country

The cassava import price in Latin America and the Caribbean stood at $393 per tonne in 2018, declining by -1.9% against the previous year. The import price indicated a remarkable increase from 2007 to 2018: its price increased at an average annual rate of +6.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava import price increased by +37.3% against 2010 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by 44% year-to-year. The level of import price peaked at $401 per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Colombia ($699 per tonne), while Brazil ($236 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• FCL 125 - Cassava

This report provides an in-depth analysis of the cassava market in Latin America and the Caribbean. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Latin America and the Caribbean, split by region and country
• Trade (exports and imports) in Latin America and the Caribbean
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Anguilla
• Antigua and Barbuda
• Argentina
• Aruba
• Bahamas
• Barbados
• Belize
• Bermuda
• Bolivia
• Brazil
• British Virgin Islands
• Cayman Islands
• Chile
• Colombia
• Costa Rica
• Cuba
• Curacao
• Dominica
• Dominican Republic
• Ecuador
• El Salvador
• Falkland Islands (Malvinas)
• French Guiana
• Grenada
• Guadeloupe
• Guatemala
• Guyana
• Haiti
• Honduras
• Jamaica
• Martinique
• Mexico
• Montserrat
• Nicaragua
• Panama
• Paraguay
• Peru
• Saint Kitts and Nevis
• Saint Lucia
• Saint Vincent and the Grenadines
• Saint Maarten (Dutch part)
• Suriname
• Trinidad and Tobago
• Turks and Caicos Islands
• United States Virgin Islands
• Uruguay
• Venezuela
• Puerto Rico
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Harvested Area, By Country, 2007-2018
Table 7:
Yield, By Country, 2007-2018
Table 8:
Imports, In Physical Terms, By Country, 2007–2018
Table 9:
Imports, In Value Terms, By Country, 2007–2018
Table 10:
Import Prices, By Country Of Destination, 2007–2018
Table 11:
Exports, In Physical Terms, By Country, 2007–2018
Table 12:
Exports, In Value Terms, By Country, 2007–2018
Table 13:
Export Prices, By Country Of Origin, 2007–2018
Table 14:
Producer Prices, By Major Producing Country, 2018
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2018
Figure 18:
Production, In Value Terms, 2007–2018
Figure 19:
Area Harvested, 2007–2018
Figure 20:
Yield, 2007–2018
Figure 21:
Production, By Country, 2018
Figure 22:
Production, In Physical Terms, By Country, 2007–2018
Figure 23:
Harvested Area, By Country, 2018
Figure 24:
Harvested Area, By Country, 2007-2018
Figure 25:
Yield, By Country, 2007-2018
Figure 26:
Imports, In Physical Terms, 2007–2018
Figure 27:
Imports, In Value Terms, 2007–2018
Figure 28:
Imports, In Physical Terms, By Country, 2018
Figure 29:
Imports, In Physical Terms, By Country, 2007–2018
Figure 30:
Imports, In Value Terms, By Country, 2007–2018
Figure 31:
Import Prices, By Country, 2007–2018
Figure 32:
Exports, In Physical Terms, 2007–2018
Figure 33:
Exports, In Value Terms, 2007–2018
Figure 34:
Exports, In Physical Terms, By Country, 2018
Figure 35:
Exports, In Physical Terms, By Country, 2007–2018
Figure 36:
Exports, In Value Terms, By Country, 2007–2018
Figure 37:
Export Prices, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data