Solomon Islands: Cassava Market 2020

Cassava Market Size in Solomon Islands

The revenue of the cassava market in Solomon Islands amounted to $X in 2018, waning by -X% against the previous year. In general, the total market indicated a significant expansion 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 2017 when the market value increased by X% against the previous year. In that year, the cassava market attained its peak level of $X, and then declined slightly in the following year.

Cassava Production in Solomon Islands

In value terms, cassava production stood at $X in 2018 estimated in export prices. In general, cassava production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, cassava production reached its peak level of $X, and then declined slightly in the following year.

In 2018, the average cassava yield in Solomon Islands totaled X ton per ha, standing approx. at the previous year. In general, the cassava yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when yield increased by X% y-o-y. The global cassava yield peaked at X ton per ha in 2009; however, from 2010 to 2018, yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of cassava in Solomon Islands totaled X ha, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The global cassava harvested area peaked in 2018 and is likely to continue its growth in the near future.

Cassava Exports

Exports by Country

Thailand represented the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Cambodia (X tons), constituting 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.

From 2007 to 2018, average annual rates of growth with regard to cassava exports from Thailand stood at +X%. 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 ($X) remains the largest cassava supplier from Solomon Islands, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($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 totaled +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 Solomon Islands amounted to $X per ton, waning by -X% against the previous year. Overall, the cassava export price continues to indicate a relatively flat trend pattern. Solomon Islands export price peaked at $X per ton in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; 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 Solomon Islands

In 2018, approx. X kg of cassava were imported into Solomon Islands; going up by X% against the previous year. In general, cassava imports continue to indicate an extraordinary increase. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, cassava imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, cassava imports totaled $X in 2018. Over the period under review, cassava imports continue to indicate extraordinary growth. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. 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, recording X tons, which was approx. X% of total imports in 2018. South Korea (X tons) held a little share of total imports.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: South Korea (-X% per year) and Solomon Islands (+X% per year).

Import Prices by Country

The cassava import price in Solomon Islands stood at $X per ton in 2018, leveling off at the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012 when the import price increased by X% y-o-y. In that year, the import prices for cassava attained their peak level of $X per ton; afterwards, it flattened through to 2018.

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