ASEAN: Cassava Market 2024

Cassava Market Size in ASEAN

The ASEAN cassava market reduced to $X in 2022, waning by -3.2% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cassava Production in ASEAN

In value terms, cassava production dropped to $X in 2022 estimated in export price. Overall, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 64% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), with a combined 81% share of total production. Cambodia, Lao People's Democratic Republic and the Philippines lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +10.9%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of cassava in ASEAN contracted slightly to X tons per ha, leveling off at 2021 figures. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 3.8% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2017 to 2022, the growth of the cassava yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cassava harvested area declined slightly to X ha in 2022, almost unchanged from the previous year's figure. Overall, the harvested area showed a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of 3.4%. Over the period under review, the harvested area dedicated to cassava production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports in ASEAN

In 2022, shipments abroad of cassava increased by 8.2% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cassava exports reached $X in 2022. Overall, exports enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of around X tons, which reached 87% of total exports. It was distantly followed by Vietnam (X tons), creating an 11% share of total exports. Lao People's Democratic Republic (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cassava exports from Thailand stood at +2.5%. At the same time, Lao People's Democratic Republic (+33.2%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +33.2% from 2012-2022. By contrast, Vietnam (-10.8%) illustrated a downward trend over the same period. While the share of Thailand (+21 p.p.) and Lao People's Democratic Republic (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-22.4 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest cassava supplier in ASEAN, comprising 79% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+42.8% per year) and Vietnam (-10.8% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2018 when the export price increased by 29% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+7.2%), while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports in ASEAN

In 2022, approx. X tons of cassava were imported in ASEAN; with an increase of 49% compared with 2021 figures. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 141%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, cassava imports soared to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 226%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Thailand prevails in imports structure, recording X tons, which was approx. 97% of total imports in 2022. Vietnam (X tons) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of +18.0% from 2012 to 2022. At the same time, Vietnam (+43.7%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +43.7% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by +2.7 percentage points.

In value terms, Thailand ($X) constitutes the largest market for imported cassava in ASEAN, comprising 78% of total imports. The second position in the ranking was held by Vietnam ($X), with a 22% share of total imports.

In Thailand, cassava imports expanded at an average annual rate of +20.2% over the period from 2012-2022.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, reducing by -15.6% against the previous year. In general, the import price, however, showed measured growth. The most prominent rate of growth was recorded in 2014 when the import price increased by 103%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.1%).

Source: IndexBox Platform