U.S.: Cassava Market Overview 2020

Cassava Market Size in the U.S.

The revenue of the cassava market in the U.S. amounted to $X in 2018, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated a remarkable expansion from 2007 to 2018: its value 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 consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Cassava consumption peaked in 2018 and is likely to see steady growth in the near future.

Cassava Exports

Exports from the U.S.

Cassava exports from the U.S. totaled X tonnes in 2018, jumping by X% against the previous year. Overall, cassava exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2012 when exports increased by X% year-to-year. Exports peaked in 2018 and are likely to see steady growth in the immediate term.

In value terms, cassava exports stood at $X in 2018. Over the period under review, cassava exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, cassava exports reached their peak figure in 2018 and are expected to retain its growth in the near future.

Exports by Country

Canada (X tonnes), Iceland (X tonnes) and Belgium (X tonnes) were the main destinations of cassava exports from the U.S., together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Belgium, while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Iceland ($X) and Belgium ($X) constituted the largest markets for cassava exported from the U.S. worldwide, together accounting for X% of total exports.

Among the main countries of destination, Belgium (+X% per year) experienced the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average cassava export price amounted to $X per tonne, going down by -X% against the previous year. In general, the cassava export price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for cassava reached their peak figure at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Anguilla ($X per tonne), while the average price for exports to Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into the U.S.

In 2018, the imports of cassava into the U.S. totaled X tonnes, increasing by X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. In that year, cassava imports attained their peak of X tonnes. From 2013 to 2018, the growth of cassava imports failed to regain its momentum.

In value terms, cassava imports totaled $X in 2018. Overall, the total imports indicated a buoyant expansion from 2007 to 2018: its value 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 imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, cassava imports attained their peak figure in 2018 and are likely to continue its growth in the near future.

Imports by Country

In 2018, Costa Rica (X tonnes) constituted the largest supplier of cassava to the U.S., accounting for a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Honduras (X tonnes), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume from Costa Rica totaled +X%.

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

From 2007 to 2018, the average annual growth rate of value from Costa Rica totaled +X%.

Import Prices by Country

In 2018, the average cassava import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price indicated a buoyant increase from 2007 to 2018: its price 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 import price increased by +X% against 2011 indices. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, the average import prices for cassava attained their maximum in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Honduras ($X per tonne), while the price for Costa Rica amounted to $X per tonne.

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

Source: IndexBox AI Platform