Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Asia

The Asian tapioca and substitutes market reduced sharply to $X in 2021, which is down by -20.1% against the previous year. Overall, consumption recorded a mild downturn. As a result, consumption reached 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

In value terms, tapioca and substitutes production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when the production volume increased by 19%. The level of production peaked at $X in 2020, and then dropped in the following year.

Tapioca And Substitutes Exports

Exports in Asia

In 2021, approx. X tons of tapioca and substitutes were exported in Asia; picking up by 20% against the previous year. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 38%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, tapioca and substitutes exports skyrocketed to $X in 2021. Overall, exports recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 81%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons) and Thailand (X tons) dominates exports structure, together creating 72% of total exports. It was distantly followed by India (X tons), China (X tons) and Indonesia (X tons), together constituting a 25% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2021, the average annual rate of growth in terms of value in Taiwan (Chinese) stood at +18.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+7.1% per year) and China (+8.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, falling by -1.8% against the previous year. Export price indicated notable growth 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 pace of growth appeared the most rapid 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 lower figure.

Prices varied noticeably by country of origin: 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

In 2021, the amount of tapioca and substitutes imported in Asia rose sharply to X tons, surging by 13% on the previous year. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 72% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports reduced to $X in 2021. Overall, imports continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 140%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of tapioca and substitutes imports in 2021 were China (X tons), Malaysia (X tons), Bangladesh (X tons), Myanmar (X tons), the Philippines (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Pakistan (X tons), South Korea (X tons), Japan (X tons), Singapore (X tons) and Saudi Arabia (X tons), together reaching 87% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +76.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in Asia were China ($X), South Korea ($X) and Malaysia ($X), together accounting for 41% of total imports. Hong Kong SAR, Japan, Bangladesh, the Philippines, Singapore, Saudi Arabia, the United Arab Emirates, Myanmar and Pakistan lagged somewhat behind, together accounting for a further 44%.

Myanmar, with a CAGR of +49.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, dropping by -16.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 when the import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, 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 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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