South-Eastern Asia: Cassava Market 2024

Cassava Market Size in South-Eastern Asia

The Southeast Asian cassava market shrank to $X in 2022, remaining stable against the previous year. The market 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. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Cassava Production in South-Eastern Asia

In value terms, cassava production shrank to $X in 2022 estimated in export price. The total production indicated a pronounced 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Cambodia (X tons) and Indonesia (X tons), with a combined X% share of total production. Vietnam, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average cassava yield in South-Eastern Asia reached X tons per ha, approximately reflecting 2021. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by X% against the previous year. Over the period under review, the cassava yield hit record highs in 2022 and is likely to see gradual growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cassava production in South-Eastern Asia contracted slightly to X ha, stabilizing at the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then shrank slightly in the following year.

Cassava Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of cassava increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports enjoyed a noticeable expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cassava exports rose sharply to $X in 2022. Overall, exports posted mild growth. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

In 2022, Thailand (X tons) was the largest exporter of cassava, achieving X% of total exports. It was distantly followed by Vietnam (X tons), achieving an X% share of total exports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. From 2012 to 2022, the share of Lao People's Democratic Republic increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports.

In Thailand, cassava exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lao People's Democratic Republic (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price saw 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 hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Cassava Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of cassava increased by X% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, cassava imports surged to $X in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Thailand was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Vietnam (X tons), generating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cassava imports into Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported cassava in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated measured growth 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, cassava import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand totaled $X per ton.

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

Source: IndexBox Platform