Report Update Apr 1, 2024

Puerto Rico - Cassava - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Cassava Market 2024

Cassava Market Size in Puerto Rico

The Puerto Rican cassava market skyrocketed to $X in 2021, jumping by 23% against the previous year. Over the period under review, consumption, however, saw a deep contraction. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cassava Production in Puerto Rico

In value terms, cassava production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 120% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of cassava in Puerto Rico rose modestly to X tons per ha in 2021, with an increase of 2.3% on the year before. Overall, the yield, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the yield increased by 117%. The global yield peaked at X tons per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of cassava production in Puerto Rico stood at X ha, remaining relatively unchanged against 2020 figures. Overall, the harvested area saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 84% against the previous year. The global harvested area peaked at X ha in 2014; however, from 2015 to 2021, the harvested area failed to regain momentum.

Cassava Exports

Exports by Country

Thailand represented the largest exporter of cassava in the world, with the volume of exports finishing at X tons, which was near 83% of total exports in 2021. It was distantly followed by Vietnam (X tons), committing an 11% share of total exports. The following exporters - Lao People's Democratic Republic (X tons) and Costa Rica (X tons) - together made up 4.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to cassava exports from Thailand stood at +1.4%. At the same time, Lao People's Democratic Republic (+42.4%) and Costa Rica (+2.6%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +42.4% from 2012-2021. By contrast, Vietnam (-12.5%) illustrated a downward trend over the same period. While the share of Thailand (+18 p.p.) and Lao People's Democratic Republic (+2.8 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Vietnam (-21.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Puerto Rico, comprising 66% of global exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 14% share of global exports. It was followed by Vietnam, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +1.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+53.8% per year) and Vietnam (-11.4% per year).

Cassava Imports

Imports by Country

China was the key importer of cassava in the world, with the volume of imports amounting to X tons, which was approx. 62% of total imports in 2021. It was distantly followed by Thailand (X tons), making up a 32% share of total imports. South Korea (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +14.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported cassava into Puerto Rico, comprising 68% of global imports. The second position in the ranking was held by Thailand ($X), with a 19% share of global imports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+18.6% per year) and South Korea (-7.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cassava in the world?

The countries with the highest volumes of consumption in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, with a combined 42% share of global consumption. These countries were followed by Ghana, Brazil, Indonesia, China, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire and Malawi, which together accounted for a further 37%.

What are the largest producers of cassava in the world?

The countries with the highest volumes of production in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together comprising 43% of global production. Ghana, Brazil, Indonesia, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire, Malawi and Mozambique lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of cassava to Puerto Rico?

In value terms, China constitutes the largest market for imported cassava into Puerto Rico, comprising 68% of global imports. The second position in the ranking was held by Thailand, with a 19% share of global imports.

What are the leading importers of cassava from Puerto Rico?

In value terms, Thailand remains the largest cassava supplier from Puerto Rico, comprising 66% of global exports. The second position in the ranking was held by Lao People's Democratic Republic, with a 14% share of global exports. It was followed by Vietnam, with a 9.8% share.

This report provides an in-depth analysis of the cassava market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 125 - Cassava

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023