ASEAN: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in ASEAN

In 2023, after two years of growth, there was significant decline in the ASEAN tapioca and substitutes market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in ASEAN

In value terms, tapioca and substitutes production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports in ASEAN

In 2023, approx. X tons of tapioca and substitutes were exported in ASEAN; which is down by X% on 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tapioca and substitutes exports stood at $X in 2023. Total exports indicated a temperate expansion from 2012 to 2023: 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 2023 figures, exports decreased by X% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand prevails in exports structure, recording X tons, which was near X% of total exports in 2023. The following exporters - Indonesia (X tons) and Vietnam (X tons) - together made up X% of total exports.

Thailand was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of X% from 2012 to 2023. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2023, the share of Thailand increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest tapioca and substitutes supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports in ASEAN

Tapioca and substitutes imports dropped rapidly to X tons in 2023, declining by X% against the year before. Over the period under review, imports, however, saw a mild expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, tapioca and substitutes imports contracted sharply to $X in 2023. In general, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Malaysia was the major importing country with an import of around X tons, which finished at X% of total imports. The Philippines (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Vietnam (X%) and Singapore (X%). Myanmar (X tons) held a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to tapioca and substitutes imports into Malaysia stood at X%. At the same time, Myanmar (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Vietnam (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Indonesia (X p.p.), Singapore (X p.p.) and the Philippines (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported tapioca and substitutes in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Malaysia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price 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 2023 figures, tapioca and substitutes import price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform