Eastern Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Eastern Asia

In 2022, the East Asian tapioca and substitutes market decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Tapioca And Substitutes Production in Eastern Asia

In value terms, tapioca and substitutes production shrank modestly 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 in certain years. 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 reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Tapioca And Substitutes Exports

Exports in Eastern Asia

Tapioca and substitutes exports surged to X tons in 2022, growing by X% against the year before. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, tapioca and substitutes exports reached $X in 2022. In general, exports recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Taiwan (Chinese) (X tons) represented the key exporter of tapioca and substitutes, committing X% of total exports. It was distantly followed by China (X tons), achieving a X% share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of X% from 2012 to 2022. At the same time, China (X%) displayed positive paces of growth. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Taiwan (Chinese) ($X) remains the largest tapioca and substitutes supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

In Taiwan (Chinese), tapioca and substitutes exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Tapioca And Substitutes Imports

Imports in Eastern Asia

In 2022, approx. X tons of tapioca and substitutes were imported in Eastern Asia; with a decrease of X% against 2021 figures. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid 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 shrank to $X in 2022. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China represented the key importer of tapioca and substitutes in Eastern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. South Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Japan (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Hong Kong SAR and Japan experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Korea and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapioca and substitutes importing markets in Eastern Asia were South Korea ($X), China ($X) and Hong Kong SAR ($X), with a combined X% share of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a mild 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 decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

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 South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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