Starch; Manioc (Cassava) Price in Finland - 2023

Starch; Manioc (Cassava) Price in Finland (CIF) - 2023

In May 2023, the average starch; manioc (cassava) import price amounted to $1,293 per ton, dropping by -34% against the previous month. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in September 2022 an increase of 84% against the previous month. Over the period under review, average import prices reached the maximum at $3,470 per ton in December 2022; however, from January 2023 to May 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,250 per ton), while the price for Poland ($1,179 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Thailand (+8.0%), while the prices for the other major suppliers experienced a decline.

Starch; Manioc (Cassava) Price in Finland (FOB) - 2022

In 2022, the average starch; manioc (cassava) export price amounted to $3,000 per ton, shrinking by -4% against the previous year. In general, the export price showed a slight reduction. Over the period under review, the average export prices hit record highs at $3,484 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -4.0% per year.

Starch; Manioc (Cassava) Imports in Finland

In 2022, approx. 598 tons of starch; manioc (cassava)s were imported into Finland; with an increase of 3.1% against the previous year. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.7% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, starch; manioc (cassava) imports surged to $1.1M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Starch; Manioc (Cassava) in Finland (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	27.1	0.5	377	511	166.2%
Thailand	217	206	188	424	25.0%
Netherlands	12.3	63.8	174	174	141.9%
Poland	N/A	4.2	17.0	12.5	72.5%
Sweden	62.2	19.7	12.1	6.4	-53.1%
United Kingdom	318	337	1.8	1.8	-82.2%
Others	27.0	0.8	1.2	1.5	-61.8%
Total	663	632	771	1,132	19.5%

Top Suppliers of Starch; Manioc (Cassava) to Finland in 2022:

Thailand (323.8 tons)
Germany (143.4 tons)
Netherlands (117.9 tons)
Poland (10.0 tons)
Sweden (1.0 tons)
United Kingdom (0.1 tons)

Starch; Manioc (Cassava) Exports in Finland

In 2022, exports of starch; manioc (cassava)s from Finland reduced sharply to 4 kg, which is down by -50% against the previous year's figure. Overall, exports saw a sharp contraction.

In value terms, starch; manioc (cassava) exports declined rapidly to $12 in 2022. Over the period under review, exports faced a dramatic slump.