Starch; Manioc (Cassava) Price in the Philippines - 2023
Contents:
- Starch; Manioc (Cassava) Price in the Philippines (CIF) - 2022
- Starch; Manioc (Cassava) Imports in the Philippines
Starch; Manioc (Cassava) Price in the Philippines (CIF) - 2022
In 2022, the average starch; manioc (cassava) import price amounted to $1,028 per ton, rising by 15% against the previous year. Overall, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($1,028 per ton), while the price for Thailand totaled $1,028 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.8%).
Starch; Manioc (Cassava) Imports in the Philippines
In 2022, supplies from abroad of starch; manioc (cassava)s increased by 45% to 83K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt decline.
In value terms, starch; manioc (cassava) imports surged to $85M in 2022. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starch; Manioc (Cassava) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 44.9 | 35.4 | 46.3 | 71.9 | 17.0% |
| Vietnam | 10.6 | 5.3 | 3.4 | 13.1 | 7.3% |
| Others | 0.4 | 0.5 | 1.5 | 0.4 | 0.0% |
| Total | 56.0 | 41.3 | 51.2 | 85.4 | 15.1% |
Top Suppliers of Starch; Manioc (Cassava) to the Philippines in 2022:
- Thailand (69.9K tons)
- Vietnam (12.8K tons)
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