Starch; Manioc (Cassava) Price in Thailand - 2023
Contents:
- Starch; Manioc (Cassava) Price in Thailand (FOB) - 2023
- Starch; Manioc (Cassava) Price in Thailand (CIF) - 2022
- Starch; Manioc (Cassava) Exports in Thailand
- Starch; Manioc (Cassava) Imports in Thailand
Starch; Manioc (Cassava) Price in Thailand (FOB) - 2023
In July 2023, the average starch; manioc (cassava) export price amounted to $551 per ton, with an increase of 1.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 9% month-to-month. Over the period under review, the average export prices reached the maximum in July 2023.
Average prices varied somewhat for the major overseas markets. In July 2023, the countries with the highest prices were Indonesia ($637 per ton) and the United States ($610 per ton), while the average price for exports to Singapore ($509 per ton) and Malaysia ($540 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Starch; Manioc (Cassava) Price in Thailand (CIF) - 2022
The average starch; manioc (cassava) import price stood at $500 per ton in 2022, almost unchanged from the previous year. In general, the import price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 768% against the previous year. The import price peaked at $4,591 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Cambodia ($942 per ton), while the price for Lao People's Democratic Republic totaled $425 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+16.8%).
Starch; Manioc (Cassava) Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of starch; manioc (cassava)s, which increased by 0.6% to 3.6M tons in 2022. The total export volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, starch; manioc (cassava) exports reached $1.9B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Starch; Manioc (Cassava) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 652 | 710 | 1,171 | 1,142 | 20.5% |
| Indonesia | 134 | 58.0 | 25.7 | 149 | 3.6% |
| Taiwan (Chinese) | 114 | 96.3 | 125 | 148 | 9.1% |
| Malaysia | 47.3 | 32.8 | 43.9 | 82.1 | 20.2% |
| Philippines | 41.5 | 35.7 | 41.9 | 71.5 | 19.9% |
| Japan | 60.0 | 49.6 | 59.5 | 67.5 | 4.0% |
| United States | 52.1 | 50.8 | 54.4 | 57.8 | 3.5% |
| Singapore | 26.6 | 26.4 | 24.5 | 37.1 | 11.7% |
| Others | 92.0 | 71.4 | 85.6 | 112 | 6.8% |
| Total | 1,220 | 1,131 | 1,632 | 1,866 | 15.2% |
Top Export Markets for Starch; Manioc (Cassava) from Thailand in 2022:
- China (2267.4K tons)
- Indonesia (290.6K tons)
- Taiwan (Chinese) (289.5K tons)
- Malaysia (161.9K tons)
- Philippines (134.3K tons)
- Japan (128.3K tons)
- United States (95.5K tons)
- Singapore (70.1K tons)
Starch; Manioc (Cassava) Imports in Thailand
In 2022, imports of starch; manioc (cassava)s into Thailand soared to 6.1K tons, jumping by 57% on 2021 figures. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 13,775% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, starch; manioc (cassava) imports surged to $3.1M in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,598% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Starch; Manioc (Cassava) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | N/A | 1.7 | 1.5 | 2.5 | 21.3% |
| Cambodia | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Colombia | N/A | 0.4 | N/A | N/A | 0% |
| Others | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Total | 0.1 | 2.4 | 2.0 | 3.1 | 214.1% |
Top Suppliers of Starch; Manioc (Cassava) to Thailand in 2022:
- Lao People's Democratic Republic (6.0K tons)
- Cambodia (0.1K tons)
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