Australia and Oceania: Cassava Market 2024

Cassava Market Size in Australia and Oceania

The cassava market in Australia and Oceania expanded remarkably to $X in 2022, with an increase of 5.5% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.7% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cassava Production in Australia and Oceania

In value terms, cassava production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Papua New Guinea (X tons), Fiji (X tons) and Micronesia (X tons), with a combined 94% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Fiji (with a CAGR of +8.1%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average cassava yield in Australia and Oceania shrank modestly to X tons per ha, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by 22%. As a result, the yield attained the peak level of X tons per ha. From 2016 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.

In 2022, the total area harvested in terms of cassava production in Australia and Oceania declined slightly to X ha, which is down by -1.8% on 2021. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 20%. The level of harvested area peaked at X ha in 2014; however, from 2015 to 2022, the harvested area remained at a lower figure.

Cassava Exports

Exports in Australia and Oceania

In 2022, cassava exports in Australia and Oceania totaled X tons, rising by 3.9% compared with the previous year's figure. In general, exports, however, showed a mild contraction. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cassava exports fell to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Tonga represented the largest exporter of cassava in Australia and Oceania, with the volume of exports amounting to X tons, which was near 61% of total exports in 2022. It was distantly followed by Fiji (X tons), achieving a 37% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tonga (with a CAGR of +8.3%).

In value terms, the largest cassava supplying countries in Australia and Oceania were Tonga ($X) and Fiji ($X).

Among the main exporting countries, Tonga, with a CAGR of +14.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, dropping by -5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2017 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Tonga stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tonga (+5.9%).

Cassava Imports

Imports in Australia and Oceania

In 2022, purchases abroad of cassava decreased by -8.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 46%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, cassava imports shrank to $X in 2022. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Australia represented the main importer of cassava in Australia and Oceania, with the volume of imports finishing at X tons, which was near 72% of total imports in 2022. It was distantly followed by New Zealand (X tons), achieving a 25% share of total imports.

Australia was also the fastest-growing in terms of the cassava imports, with a CAGR of +3.8% from 2012 to 2022. New Zealand (-4.5%) illustrated a downward trend over the same period. Australia (+18 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -18.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cassava in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +8.9%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 7.5% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cassava import price increased by +22.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 43% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.1%).

Source: IndexBox Platform

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