South-Eastern Asia: Cassava Market 2024

Cassava Market Size in South-Eastern Asia

The Southeast Asian cassava market declined to $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Cassava Production in South-Eastern Asia

In value terms, cassava production declined slightly to $X in 2023 estimated in export price. The total production indicated a notable expansion from 2012 to 2023: 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 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2019 when the production volume increased by 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.

The countries with the highest volumes of production in 2023 were Thailand (X tons), Cambodia (X tons) and Indonesia (X tons), with a combined X% share of total production. Vietnam, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Lao People's Democratic Republic (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average cassava yield reduced slightly to X tons per ha in 2023, standing approx. at 2022 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2022, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of cassava production in South-Eastern Asia was estimated at X ha, remaining relatively unchanged against 2022 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2022 to 2023, the growth of the cassava harvested area failed to regain momentum.

Cassava Exports

Exports in South-Eastern Asia

In 2023, after three years of growth, there was significant decline in overseas shipments of cassava, when their volume decreased by X% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, cassava exports declined rapidly to $X in 2023. In general, exports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then contracted sharply in the following year.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which finished at X% of total exports. Cambodia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of cassava. At the same time, Lao People's Democratic Republic (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Cambodia and Lao People's Democratic Republic increased by X and X percentage points, respectively.

In value terms, Thailand ($X), Cambodia ($X) and Lao People's Democratic Republic ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Lao People's Democratic Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Export price indicated a pronounced expansion from 2012 to 2023: 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 2023 figures, cassava export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted modestly in the following year.

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 Lao People's Democratic Republic ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Cassava Imports

Imports in South-Eastern Asia

Cassava imports fell to X tons in 2023, shrinking by X% on the previous year's figure. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then shrank in the following year.

In value terms, cassava imports dropped modestly to $X in 2023. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then reduced modestly in the following year.

Imports by Country

Thailand prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to cassava imports into Thailand stood at X%. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Vietnam increased by X percentage points.

In value terms, Thailand ($X) constitutes the largest market for imported cassava in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports.

In Thailand, cassava imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated a perceptible expansion 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, cassava import price decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the import prices remained at a lower figure.

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 Thailand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Source: IndexBox Platform