Saint Lucia: Cassava Market 2020

Cassava Market Size in Saint Lucia

The revenue of the cassava market in Saint Lucia amounted to $X in 2018, rising by X% against the previous year. In general, the total market indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava consumption increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. In that year, the cassava market reached its peak level of $X. From 2012 to 2018, the growth of the cassava market failed to regain its momentum.

Cassava Production in Saint Lucia

In value terms, cassava production amounted to $X in 2018 estimated in export prices. Over the period under review, cassava production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, cassava production attained its peak level of $X. From 2012 to 2018, cassava production growth remained at a somewhat lower figure.

Average yield of cassava in Saint Lucia stood at X ton per ha in 2018, shrinking by -X% against the previous year. Over the period under review, the cassava yield continues to indicate a significant shrinkage. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. The global cassava yield peaked at X ton per ha in 2008; however, from 2009 to 2018, 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 2018, the total area harvested in terms of cassava production in Saint Lucia amounted to X ha, growing by X% against the previous year. Over the period under review, the total harvested area indicated a prominent increase from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, cassava harvested area increased by +X% against 2015 indices. The growth pace was the most rapid in 2012 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to cassava production attained its peak figure in 2018 and is expected to retain its growth in the near future.

Cassava Exports

Exports by Country

Thailand was the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Cambodia (X tons), generating a X% share of total exports. The following exporters - Vietnam (X tons), Lao People's Democratic Republic (X tons) and Costa Rica (X tons) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Lao People's Democratic Republic (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Costa Rica experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.), Cambodia (+X p.p.) and Lao People's Democratic Republic (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Saint Lucia, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Thailand amounted to +X%. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the cassava export price in Saint Lucia amounted to $X per ton, remaining constant against the previous year. In general, the cassava export price continues to indicate a relatively flat trend pattern. Saint Lucia export price peaked at $X per ton in 2011; however, from 2012 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports into Saint Lucia

In 2018, approx. X tons of cassava were imported into Saint Lucia; reducing by -X% against the previous year. Overall, cassava imports continue to indicate an abrupt reduction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Saint Lucia imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, cassava imports amounted to $X in 2018. In general, cassava imports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, cassava imports reached their peak figure in 2018 and are likely to continue its growth in the immediate term.

Imports by Country

China prevails in cassava imports structure, accounting for X tons, which was near X% of total imports in 2018. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the cassava imports, with a CAGR of +X% from 2007 to 2018. South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, China ($X) constitutes the largest market for imported cassava into Saint Lucia, comprising X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports.

In China, cassava imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Saint Lucia (+X% per year).

Import Prices by Country

The cassava import price in Saint Lucia stood at $X per ton in 2018, increasing by X% against the previous year. Over the period under review, the cassava import price continues to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2008 when the import price increased by X% against the previous year. Over the period under review, the import prices for cassava attained their peak figure in 2018 and is likely to continue its growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while South Korea amounted to $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform