South-Eastern Asia: Root And Tuber Market 2024

Root And Tuber Market Size in South-Eastern Asia

The Southeast Asian root and tuber market contracted modestly to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Root And Tuber Production in South-Eastern Asia

In value terms, root and tuber production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined X% share of total production. Cambodia, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising 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 root and tuber yield in South-Eastern Asia shrank slightly to X tons per ha, remaining relatively unchanged against 2021. Over the period under review, the yield, however, saw modest growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of yield peaked at X tons per ha in 2021, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the root and tuber harvested area in South-Eastern Asia fell slightly to X ha, almost unchanged from the previous year. In general, the harvested area saw a mild setback. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to root and tuber production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, root and tuber exports rose notably to $X in 2022. Total exports indicated a mild increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Vietnam (X tons), comprising an X% share of total exports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to root and tuber exports from Thailand stood at X%. 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. Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest root and tuber supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

In Thailand, root and tuber exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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.

Root And Tuber Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, root and tuber imports soared to $X in 2022. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the key importer of roots and tubers in South-Eastern Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Vietnam (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons). All these countries together took near X% share of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Malaysia (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. While the share of Thailand (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, the largest root and tuber importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total imports.

Among the main importing countries, Vietnam, 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

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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