U.S.: Cassava Market Overview 2021

Cassava Market Size in the U.S.

In 2019, the U.S. cassava market decreased by -X% to $X, falling for the second year in a row after three years of growth. Overall, the total consumption indicated a notable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cassava consumption peaked at $X in 2017; however, from 2018 to 2019, consumption remained at a lower figure.

Cassava Exports

Exports from the U.S.

In 2019, overseas shipments of cassava increased by X% to X tonnes, rising for the third consecutive year after three years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the near future.

In value terms, cassava exports soared to $X in 2019. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Exports peaked in 2019 and are expected to retain growth in years to come.

Exports by Country

Canada (X tonnes) was the main destination for cassava exports from the U.S., with a X% share of total exports. It was followed by Aruba (X tonnes), with a X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Canada totaled +X%.

In value terms, Canada ($X) remains the key foreign market for cassava exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by Aruba ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Canada stood at +X%.

Export Prices by Country

The average cassava export price stood at $X per tonne in 2019, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2019, the country with the highest price was Aruba ($X per tonne), while the average price for exports to Canada amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Canada.

Cassava Imports

Imports into the U.S.

Cassava imports into the U.S. expanded slightly to X tonnes in 2019, picking up by X% against 2018. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2013 to 2019, the growth imports failed to regain the momentum.

In value terms, cassava imports dropped modestly to $X in 2019. In general, total imports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Costa Rica (X tonnes) constituted the largest supplier of cassava to the U.S., with a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Ecuador (X tonnes), more than tenfold. Nicaragua (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Costa Rica was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Nicaragua (+X% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of cassava to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Costa Rica stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

The average cassava import price stood at $X per tonne in 2019, waning by -X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cassava import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Costa Rica ($X per tonne), while the price for Nicaragua ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Costa Rica, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cassava in the world?

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The countries with the highest volumes of cassava consumption in 2019 were Nigeria (59M tonnes), Democratic Republic of the Congo (40M tonnes) and Thailand (31M tonnes), together accounting for 42% of global consumption. Ghana, Brazil, China, Indonesia, Viet Nam, Angola, Tanzania, Cameroon, Cambodia and Malawi lagged somewhat behind, together accounting for a further 38%.

What are the largest producers of cassava in the world?

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The countries with the highest volumes of cassava production in 2019 were Nigeria (59M tonnes), Democratic Republic of the Congo (40M tonnes) and Thailand (31M tonnes), together comprising 42% of global production. These countries were followed by Ghana, Brazil, Indonesia, Cambodia, Viet Nam, China, Angola, Tanzania, Cameroon and Malawi, which together accounted for a further 38%.

What are the leading suppliers of cassava to the U.S.?

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In value terms, Costa Rica ($63M) constituted the largest supplier of cassava to the U.S., comprising 87% of total imports. The second position in the ranking was occupied by Ecuador ($4.5M), with a 6.3% share of total imports. It was followed by Indonesia, with a 1.4% share.

What are the leading importers of cassava from the U.S.?

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In value terms, Canada ($1.8M) remains the key foreign market for cassava exports from the U.S., comprising 89% of total exports. The second position in the ranking was occupied by Aruba ($48K), with a 2.3% share of total exports.

What is the average export price for cassava in the U.S.?

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In 2019, the average cassava export price amounted to $1,203 per tonne, with an increase of 14% against the previous year.

What is the average import price for cassava in the U.S.?

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In 2019, the average cassava import price amounted to $831 per tonne, dropping by -7.1% against the previous year.