CIS: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in CIS

The CIS tapioca and substitutes market fell to $X in 2021, dropping by -6.4% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tapioca And Substitutes Production in CIS

In value terms, tapioca and substitutes production amounted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports in CIS

In 2021, overseas shipments of tapioca and substitutes increased by 22% to X tons, rising for the third year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% 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 +46.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, tapioca and substitutes exports surged to $X in 2021. Overall, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Belarus (X tons) and Moldova (X tons) dominates exports structure, together mixing up 93% of total exports. It was distantly followed by Kazakhstan (X tons), mixing up a 6% 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 Kazakhstan (with a CAGR of +54.1%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X) remains the largest tapioca and substitutes supplier in the CIS, comprising 65% of total exports. The second position in the ranking was held by Belarus ($X), with a 29% share of total exports.

In Moldova, tapioca and substitutes exports expanded at an average annual rate of +43.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+0.8% per year) and Kazakhstan (+66.3% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 7% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.7% 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 export price increased by +21.7% against 2019 indices. The growth pace was the most rapid in 2017 when the export price increased by 48% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Tapioca And Substitutes Imports

Imports in CIS

In 2021, approx. X tons of tapioca and substitutes were imported in the CIS; declining by -6.2% on the previous year's figure. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 52% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, tapioca and substitutes imports dropped to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 65% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the two major importers of tapioca and substitutes, namely Kazakhstan and Russia, represented more than two-thirds 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 Kazakhstan (with a CAGR of +25.1%).

In value terms, the largest tapioca and substitutes importing markets in the CIS were Russia ($X) and Kazakhstan ($X).

Among the main importing countries, Kazakhstan, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, picking up by 6.3% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.9% 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 -8.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 83%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 Russia ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.6%).

Source: IndexBox Platform

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