Starch; Manioc (Cassava) Price in Paraguay - 2023

Starch; Manioc (Cassava) Price in Paraguay (FOB) - 2023

The average starch; manioc (cassava) export price stood at $635 per ton in November 2023, declining by -7.8% against the previous month. Overall, the export price recorded a perceptible slump. The pace of growth was the most pronounced in April 2023 an increase of 4.7% month-to-month. As a result, the export price reached the peak level of $1,150 per ton. From May 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Mexico ($897 per ton), while the average price for exports to Brazil ($390 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.

Starch; Manioc (Cassava) Price in Paraguay (CIF) - 2022

In 2022, the average starch; manioc (cassava) import price amounted to $768 per ton, increasing by 31% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The import price peaked at $1,318 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -1.8% per year.

Starch; Manioc (Cassava) Exports in Paraguay

In 2022, exports of starch; manioc (cassava)s from Paraguay reduced to 34K tons, which is down by -12.9% against the previous year's figure. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports reached the peak of 39K tons, and then shrank in the following year.

In value terms, starch; manioc (cassava) exports skyrocketed to $30M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Export of Starch; Manioc (Cassava) in Paraguay (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	2.2	2.7	2.7	9.2	61.1%
Colombia	6.3	4.9	1.3	8.0	8.3%
United States	1.0	0.3	10.6	5.1	72.1%
Bolivia	2.5	2.0	2.0	2.5	0.0%
Chile	1.0	1.0	1.8	1.3	9.1%
Uruguay	0.7	0.6	0.6	1.0	12.6%
Mexico	0.1	0.3	0.5	1.0	115.4%
Ecuador	0.5	0.4	0.6	0.5	0.0%
Others	0.9	1.6	2.7	1.8	26.0%
Total	15.1	13.7	22.7	30.4	26.3%

Top Export Markets for Starch; Manioc (Cassava) from Paraguay in 2022:

Argentina (10.1K tons)
Colombia (8.8K tons)
United States (6.0K tons)
Bolivia (2.8K tons)
Chile (1.4K tons)
Uruguay (1.1K tons)
Mexico (1.1K tons)
Ecuador (0.6K tons)

Starch; Manioc (Cassava) Imports in Paraguay

In 2022, imports of starch; manioc (cassava)s into Paraguay skyrocketed to 16K tons, increasing by 214% on 2021 figures. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,704% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, starch; manioc (cassava) imports skyrocketed to $12M in 2022. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 1,773% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.