Canada - Cassava - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCassava Price in Canada - 2023
Contents:
- Cassava Price in Canada (CIF) - 2023
- Cassava Price in Canada (FOB) - 2022
- Cassava Imports in Canada
- Cassava Exports in Canada
Cassava Price in Canada (CIF) - 2023
In June 2023, the average cassava import price amounted to $1,297 per ton, surging by 2.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 an increase of 12% against the previous month. Over the period under review, average import prices attained the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Nicaragua ($1,752 per ton), while the price for Cameroon ($420 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Cassava Price in Canada (FOB) - 2022
The average cassava export price stood at $1,427 per ton in 2022, approximately equating the previous year. In general, the export price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 2.8% against the previous year. Over the period under review, the average export prices hit record highs at $1,429 per ton in 2021, and then reduced slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,000 per ton), while the average price for exports to the United States stood at $1,303 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.0%).
Cassava Imports in Canada
In 2022, purchases abroad of cassava decreased by -3.9% to 6K tons, falling for the second consecutive year after two years of growth. 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 only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 23%. As a result, imports attained the peak of 6.3K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, cassava imports skyrocketed to $7M in 2022. The total import value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cassava in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 4.2 | 4.1 | 3.7 | 5.1 | 6.7% |
| Philippines | 0.7 | 0.8 | 0.5 | 0.6 | -5.0% |
| Cameroon | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Nigeria | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.5 | 1.1 | 0.7 | 11.9% |
| Total | 5.6 | 5.9 | 5.9 | 7.0 | 7.7% |
Top Suppliers of Cassava to Canada in 2022:
- Costa Rica (4586.6 tons)
- Philippines (445.3 tons)
- Cameroon (231.8 tons)
- India (152.7 tons)
- Nigeria (102.8 tons)
Cassava Exports in Canada
In 2022, overseas shipments of cassava decreased by -49.9% to 736 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a sharp reduction.
In value terms, cassava exports contracted dramatically to $1.1K in 2022. In general, exports showed a dramatic slump.
| Export of Cassava in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.6 | N/A | 1.3 | 0.9 | -57.3% |
| France | 0.7 | N/A | 0.7 | 0.2 | -34.1% |
| Angola | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 12.7 | N/A | 2.1 | 1.1 | -55.8% |
Top Export Markets for Cassava from Canada in 2022:
- United States (676.0 kg)
- France (53.0 kg)
This report provides an in-depth analysis of the cassava market in Canada. 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 2030.
Product coverage:
- FCL 125 - Cassava
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Cassava, also known as manioc or yuca, is a versatile and starchy root vegetable that is widely consumed around the world. It is a staple food for millions of people, particularly in developing countries. While cassava is grown in many regions, certain countries have emerged as the top import markets for this crop. In this article, we will explore the world's best import markets for cassava and provide key statistics and figures to support our analysis. China: Leading the Cassava Import Market. China, with an import value of $2.0 billion in 2022, stands tall as the leading import market for cassava. The country's massive population and rising demand for alternative food sources have contributed to its strong position in the market. Cassava is used in various forms in Chinese cuisine, from steamed and boiled to mashed and fermented. The versatility and nutritional benefits of cassava have made it an attractive food option in the country. Thailand: A Key Player in the Cassava Market. Thailand takes the second spot on the list of top import markets for cassava, with an import value of $585.3 million in 2022. The country's rich agricultural resources and expertise in cassava production have propelled it to become a key player in the global cassava market. Thailand exports cassava in various forms, including fresh roots, dried chips, and processed products. Vietnam: A Growing Market for Cassava. Vietnam has shown significant growth in its cassava import market, with an import value of $162.6 million in 2022. The country's favorable climate and soil conditions make it an ideal location for cassava cultivation. Additionally, the increasing demand for cassava-based products, such as tapioca starch and flour, has contributed to Vietnam's rising import figures. South Korea: Importing Cassava for Various Uses. South Korea imports cassava worth $106.5 million in 2022, making it a notable player in the global cassava market. The country utilizes cassava for various purposes, including food, animal feed, and industrial applications. South Korean consumers enjoy cassava-based snacks, noodles, and beverages, reflecting the versatility of this root vegetable. United States: Embracing Cassava in its Culinary Scene. The United States is also a significant importer of cassava, with an import value of $90.2 million in 2022. Cassava has gained popularity within the country's diverse culinary scene, especially in Latin American and African cuisines. The United States is also a major supplier of processed cassava products, such as frozen fries and chips, to the global market. Netherlands, Spain, and Other European Markets. Several European countries have notable import markets for cassava. The Netherlands imports cassava worth $44.6 million in 2022, primarily for industrial applications and processing into starch and flour. Spain's import value stands at $11.4 million, driven by its diverse food industry. Other European countries, such as France and Canada, also import smaller amounts of cassava, with values of $10.4 million and $7.0 million, respectively. The Role of Market Intelligence Platforms. These statistics and figures have been derived from the IndexBox market intelligence platform, which provides valuable insights and data on various industries and markets worldwide. It enables businesses, researchers, and analysts to access accurate and up-to-date information to make informed decisions. Conclusion. The world's best import markets for cassava include China, Thailand, Vietnam, South Korea, and the United States. These countries have displayed significant demand for cassava, driven by factors such as population size, culinary preferences, and industrial applications. The import values for cassava in these markets showcase the growing prominence of this versatile root vegetable. With the help of market intelligence platforms like IndexBox, businesses can stay informed about the latest market trends and make strategic decisions to capitalize on the opportunities presented by the global cassava market.
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In 2019, the global cassava market increased by 0.4% to $164.1B, rising for the third consecutive year after two...
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Global cassava consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
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Global cassava exports amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
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Global cassava imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Nigeria (X thousand tons), Thailand (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
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Thailand dominates in the global cassava trade. In 2014, Thailand exported X thousand tons of сassava totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied essentially all (X%) of its
