U.S.: Cassava Market 2022

Cassava Market Size in the U.S.

In 2021, the U.S. cassava market decreased by -X% to $X, falling for the second consecutive year after five years of growth. In general, consumption, however, continues to indicate a relatively flat trend pattern. Cassava consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Cassava Exports

Exports from the U.S.

After four years of growth, overseas shipments of cassava decreased by -X% to X tons in 2021. Over the period under review, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then reduced in the following year.

In value terms, cassava exports fell to $X in 2021. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Canada (X tons) was the main destination for cassava exports from the United States, accounting for a X% share of total exports. It was followed by Curacao (X tons), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+X% per year) and Bermuda (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Curacao (+X% per year) and Bermuda (+X% per year).

Export Prices by Country

In 2021, the average cassava export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Curacao ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into the U.S.

In 2021, purchases abroad of cassava decreased by -X% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cassava imports fell slightly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Costa Rica (X tons) constituted the largest supplier of cassava to the United States, accounting for a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Costa Rica was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Nicaragua (+X% per year).

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

From 2012 to 2021, the average annual growth rate of value from Costa Rica amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Nicaragua (+X% per year).

Import Prices by Country

In 2021, the average cassava import price amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Costa Rica ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform