United Kingdom: Cassava Market Overview 2020

Cassava Market Size in the UK

The revenue of the cassava market in the UK amounted to $X in 2018, standing approx. at 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). Overall, the total market indicated a pronounced increase from 2007 to 2018: its value 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 consumption increased by +X% against 2012 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. In that year, the cassava market attained its peak level of $X. From 2011 to 2018, the growth of the cassava market failed to regain its momentum.

Cassava Exports

Exports from the UK

In 2018, the exports of cassava from the UK amounted to X tonnes, reducing by -X% against the previous year. In general, cassava exports, however, continue to indicate a conspicuous expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, cassava exports amounted to $X in 2018. Overall, cassava exports, however, continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, cassava exports reached their peak figure at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

France (X tonnes) was the main destination for cassava exports from the UK, accounting for a X% share of total exports. Moreover, cassava exports to France exceeded the volume sent to the second major destination, Belgium (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to France stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

In value terms, France ($X) remains the key foreign market for cassava exports from the UK, comprising X% of total cassava exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average cassava export price stood at $X per tonne in 2018, growing by X% against the previous year. Overall, the cassava export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. In that year, the average export prices for cassava attained their peak level of $X per tonne. From 2009 to 2018, the growth in terms of the average export prices for cassava remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ireland ($X per tonne), while the average price for exports to Italy ($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 Spain, while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into the UK

In 2018, the amount of cassava imported into the UK totaled X tonnes, dropping by -X% against the previous year. In general, the total imports indicated modest growth from 2007 to 2018: its volume 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 imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. In that year, cassava imports reached their peak of X tonnes. From 2011 to 2018, the growth of cassava imports failed to regain its momentum.

In value terms, cassava imports amounted to $X in 2018. Overall, the total imports indicated a prominent 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 2013 indices. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. In that year, cassava imports attained their peak of $X. From 2011 to 2018, the growth of cassava imports remained at a somewhat lower figure.

Imports by Country

In 2018, Costa Rica (X tonnes) constituted the largest cassava supplier to the UK, with a X% share of total imports. Moreover, cassava imports from Costa Rica exceeded the figures recorded by the second-largest supplier, India (X tonnes), fourfold. Sri Lanka (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, 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: India (+X% per year) and Sri Lanka (+X% per year).

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

From 2007 to 2018, 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: India (+X% per year) and Ireland (+X% per year).

Import Prices by Country

The average cassava import price stood at $X per tonne in 2018, jumping by X% against the previous year. Over the period under review, the import price indicated notable growth 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 most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, the average import prices for cassava reached their peak figure in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Ireland ($X per tonne), while the price for Cameroon ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform