ASEAN: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in ASEAN

The ASEAN tapioca and substitutes market expanded remarkably to $X in 2022, surging by X% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in ASEAN

In value terms, tapioca and substitutes production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Tapioca And Substitutes Exports

Exports in ASEAN

After four years of growth, overseas shipments of tapioca and substitutes decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, tapioca and substitutes exports shrank to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Thailand dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. Indonesia (X tons) held the second position in the ranking, followed by Myanmar (X tons). All these countries together held near X% share of total exports.

Thailand was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of X% from 2012 to 2022. Myanmar experienced a relatively flat trend pattern. Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points.

In value terms, Thailand ($X) remains the largest tapioca and substitutes supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Tapioca And Substitutes Imports

Imports in ASEAN

Tapioca and substitutes imports declined to X tons in 2022, dropping by X% compared with the previous year's figure. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports totaled $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons), Myanmar (X tons) and the Philippines (X tons) represented the major importer of tapioca and substitutes in ASEAN, generating X% of total import. Indonesia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%) and Vietnam (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in ASEAN were Malaysia ($X), Indonesia ($X) and the Philippines ($X), together accounting for X% of total imports. Vietnam, Singapore and Myanmar lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tapioca and substitutes import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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