Starch; Manioc (Cassava) Price in the United States - 2023
Contents:
- Starch; Manioc (Cassava) Price in the United States (CIF) - 2023
- Starch; Manioc (Cassava) Price in the United States (FOB) - 2023
- Starch; Manioc (Cassava) Imports in the United States
- Starch; Manioc (Cassava) Exports in the United States
Starch; Manioc (Cassava) Price in the United States (CIF) - 2023
The average starch; manioc (cassava) import price stood at $702 per ton in August 2023, approximately equating the previous month. Overall, the import price, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in February 2023 an increase of 30% m-o-m. The import price peaked at $853 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($1,718 per ton), while the price for Thailand ($631 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Brazil (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Starch; Manioc (Cassava) Price in the United States (FOB) - 2023
In August 2023, the average starch; manioc (cassava) export price amounted to $1,716 per ton, surging by 11% against the previous month. In general, export price indicated a slight increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, starch; manioc (cassava) export price decreased by -28.1% against March 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 63% against the previous month. As a result, the export price attained the peak level of $2,386 per ton. From April 2023 to August 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In August 2023, the country with the highest price was Canada ($1,864 per ton), while the average price for exports to Mexico ($1,461 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.3%), while the prices for the other major destinations experienced a decline.
Starch; Manioc (Cassava) Imports in the United States
In 2022, imports of starch; manioc (cassava)s into the United States rose markedly to 146K tons, picking up by 6% on the previous year. The total import volume increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, starch; manioc (cassava) imports skyrocketed to $101M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Starch; Manioc (Cassava) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 68.0 | 54.8 | 53.7 | 72.1 | 2.0% |
| Brazil | 3.8 | 4.7 | 11.0 | 8.2 | 29.2% |
| Paraguay | 1.2 | 0.1 | 8.9 | 7.6 | 85.0% |
| Nicaragua | N/A | 0.7 | 4.2 | 5.2 | 172.6% |
| Vietnam | 0.7 | 1.4 | 1.9 | 3.1 | 64.2% |
| Others | 5.6 | 2.8 | 4.8 | 4.4 | -7.7% |
| Total | 79.4 | 64.5 | 84.5 | 101 | 8.4% |
Top Suppliers of Starch; Manioc (Cassava) to the United States in 2022:
- Thailand (115.7K tons)
- Brazil (9.2K tons)
- Paraguay (8.6K tons)
- Nicaragua (5.7K tons)
- Vietnam (3.7K tons)
Starch; Manioc (Cassava) Exports in the United States
In 2022, approx. 3.4K tons of starch; manioc (cassava)s were exported from the United States; growing by 30% against the year before. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, starch; manioc (cassava) exports surged to $5.2M in 2022. In general, exports recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 55%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Starch; Manioc (Cassava) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.2 | 1.7 | 3.4 | 4.7 | 57.6% |
| Netherlands | 0.5 | N/A | N/A | 0.1 | -41.5% |
| Brazil | 0.6 | 0.2 | N/A | N/A | -66.7% |
| Others | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
| Total | 3.1 | 2.5 | 3.9 | 5.2 | 18.8% |
Top Export Markets for Starch; Manioc (Cassava) from the United States in 2022:
- Canada (3232.2 tons)
- Netherlands (24.9 tons)
- Brazil (16.8 tons)
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