China: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in China

The Chinese tapioca and substitutes market skyrocketed to $X in 2021, with an increase of 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw strong growth. Tapioca and substitutes consumption peaked in 2021 and is expected to retain growth in the near future.

Tapioca And Substitutes Exports

Exports from China

In 2021, the amount of tapioca and substitutes exported from China soared to X tons, with an increase of 27% compared with the previous year. In general, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +54.5% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, tapioca and substitutes exports soared to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), the UK (X tons) and Malaysia (X tons) were the main destinations of tapioca and substitutes exports from China, together comprising 38% of total exports. These countries were followed by Spain, Senegal, Australia, Nigeria, South Korea, Ireland, Ghana, the Netherlands, Vietnam and Cameroon, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +187.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and the Netherlands ($X) appeared to be the largest markets for tapioca and substitutes exported from China worldwide, together accounting for 40% of total exports. These countries were followed by Malaysia, South Korea, Australia, Spain, Senegal, Nigeria, Cameroon, Ghana, Ireland and Vietnam, which together accounted for a further 35%.

In terms of the main countries of destination, Vietnam, with a CAGR of +183.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tapioca and substitutes export price stood at $X per ton in 2021, reducing by -6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into China

In 2021, overseas purchases of tapioca and substitutes increased by 26% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 65% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, tapioca and substitutes imports soared to $X in 2021. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 60% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of tapioca and substitutes to China, accounting for a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +21.0%.

In value terms, Thailand ($X) constituted the largest supplier of tapioca and substitutes to China.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +22.4%.

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, increasing by 5.5% against the previous year. In general, the import price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +1.2% per year.

Source: IndexBox Platform

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