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China - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

China - Roots And Tubers - Market Analysis, Forecast, Size, Trends and Insights

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Dec 26, 2022

China's Root and Tuber Price Drops Slightly to $301 per Ton

China Root and Tuber Import Price in September 2022

In September 2022, the root and tuber price stood at $301 per ton (CIF, China), falling by -2.1% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 when the average import price increased by 4.4% against the previous month. Over the period under review, average import prices hit record highs at $308 per ton in August 2022, and then reduced in the following month.

Average prices varied noticeably amongst the major supplying countries. In September 2022, the country with the highest price was Thailand ($301 per ton), while the price for Vietnam totaled $292 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%).

China Root and Tuber Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was roots and tubers, nes ($1,162 per ton), while the price for cassava totaled $301 per ton.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by sweet potato (+3.5%), while the prices for the other product experienced more modest paces of growth.

China Root and Tuber Imports

For the third month in a row, China recorded decline in purchases abroad of roots and tubers, which decreased by -22.4% to 253K tons in September 2022. Overall, imports faced a abrupt setback. The pace of growth appeared the most rapid in March 2022 when imports increased by 32% m-o-m. Imports peaked at 960K tons in June 2022; however, from July 2022 to September 2022, imports failed to regain momentum.

In value terms, root and tuber imports reduced remarkably to $76M (IndexBox estimates) in September 2022. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in March 2022 with an increase of 33% month-to-month. Over the period under review, imports hit record highs at 287K tons in June 2022; however, from July 2022 to September 2022, imports remained at a lower figure.

China Root and Tuber Imports by Type

In September 2022, cassava (253K tons) was the main type of root and tuber supplied to China, with a 99.9% share of total imports. It was followed by roots and tubers, nes (115 tons), with less than 0.1% share of total imports.

From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of import of cassava totaled -10.5%.

In value terms, cassava ($76M) constituted the largest type of root and tuber supplied to China, comprising 100% of total imports. The second position in the ranking was held by roots and tubers, nes ($134K), with a 0.2% share of total imports.

China Root and Tuber Imports by Country

In September 2022, Thailand (246K tons) was the main supplier of root and tuber to China, with a 97% share of total imports. It was followed by Vietnam (6.7K tons), with a 2.7% share of total imports.

From January 2022 to September 2022, the average monthly growth rate of volume from Thailand stood at -9.3%.

In value terms, Thailand ($74M) constituted the largest supplier of root and tuber to China, comprising 97% of total imports. The second position in the ranking was held by Vietnam ($2M), with a 2.6% share of total imports.

From January 2022 to September 2022, the average monthly rate of growth in terms of value from Thailand totaled -8.4%.

Factors Affecting Root and Tuber Prices

Root and tuber crops are an important part of the Chinese diet, and their prices have a significant impact on the overall cost of living. Root and tuber prices in China have increased significantly in recent years, due to a variety of factors. The Chinese government has been cracking down on food safety, which has led to higher standards for growers and producers. This in turn has driven up costs. In addition, China's growing middle class is increasingly demanding higher-quality root and tuber products, which has also contributed to price increases.

Prices for root and tuber crops are set by market forces and are determined by supply and demand. When there is high demand for a crop, prices will typically increase. However, if supplies are plentiful, prices may drop. Weather conditions can also impact price levels, as extreme weather can damage crops and reduce yields. Government policies can also affect crop prices, as subsidies or tariffs can either increase or decrease the cost of production.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the root and tuber market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 125 - Cassava
  • FCL 149 - Roots and tubers nes
  • FCL 122 - Sweet potatoes
  • FCL 136 - Taro (Cocoyam)
  • FCL 137 - Yams
  • FCL 135 - Yautia (Cocoyam)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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