Asia-Pacific: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Asia-Pacific

The Asia-Pacific tapioca and substitutes market dropped significantly to $X in 2021, waning by -17.8% against the previous year. Overall, consumption showed a slight contraction. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in Asia-Pacific

In value terms, tapioca and substitutes production fell to $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 22% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Tapioca And Substitutes Exports

Exports in Asia-Pacific

In 2021, the amount of tapioca and substitutes exported in Asia-Pacific surged to X tons, increasing by 21% on the year before. Over the period under review, exports saw a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, tapioca and substitutes exports skyrocketed to $X in 2021. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 82%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X tons) and Thailand (X tons) prevails in exports structure, together constituting 72% of total exports. India (X tons) took the next position in the ranking, followed by China (X tons) and Indonesia (X tons). All these countries together held near 25% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +22.1%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the largest tapioca and substitutes supplier in Asia-Pacific, comprising 57% of total exports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Taiwan (Chinese) totaled +18.2%. In the other countries, the average annual rates were as follows: Thailand (+7.1% per year) and China (+8.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, dropping by -2.1% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapioca and substitutes export price decreased by -18.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.8%), while the other leaders experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports in Asia-Pacific

In 2021, the amount of tapioca and substitutes imported in Asia-Pacific rose significantly to X tons, surging by 13% compared with the previous year's figure. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2019 with an increase of 73%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tapioca and substitutes imports stood at $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 136% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons), Malaysia (X tons), Bangladesh (X tons), Australia (X tons), Myanmar (X tons), the Philippines (X tons), Hong Kong SAR (X tons), Pakistan (X tons), South Korea (X tons), Japan (X tons), Singapore (X tons) and Vietnam (X tons) was the key importer of tapioca and substitutes in Asia-Pacific, creating 91% of total import.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +76.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in Asia-Pacific were China ($X), South Korea ($X) and Malaysia ($X), together comprising 39% of total imports. Australia, Hong Kong SAR, Japan, Bangladesh, the Philippines, Singapore, Vietnam, Myanmar and Pakistan lagged somewhat behind, together comprising a further 49%.

In terms of the main importing countries, Myanmar, with a CAGR of +49.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, falling by -10.8% against the previous year. Import price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapioca and substitutes import price decreased by -17.1% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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