Eastern Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Eastern Asia

After two years of growth, the East Asian tapioca and substitutes market decreased by -34.4% to $X in 2021. In general, consumption continues to indicate a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Tapioca And Substitutes Production in Eastern Asia

In value terms, tapioca and substitutes production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern 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 20% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Tapioca And Substitutes Exports

Exports in Eastern Asia

Tapioca and substitutes exports skyrocketed to X tons in 2021, increasing by 25% against the previous year's figure. In general, exports showed strong growth. The pace of growth was the most pronounced in 2019 when exports increased by 80%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, tapioca and substitutes exports surged to $X in 2021. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 124% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Taiwan (Chinese) (X tons) was the major exporter of tapioca and substitutes, mixing up 82% of total exports. It was distantly followed by China (X tons), comprising an 18% share of total exports.

Taiwan (Chinese) was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of +14.9% from 2012 to 2021. At the same time, China (+4.4%) displayed positive paces of growth. From 2012 to 2021, the share of Taiwan (Chinese) increased by +19 percentage points.

In value terms, Taiwan (Chinese) ($X) remains the largest tapioca and substitutes supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was taken by China ($X), with a 16% share of total exports.

In Taiwan (Chinese), tapioca and substitutes exports expanded at an average annual rate of +18.2% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, falling by -2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2019 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.4%).

Tapioca And Substitutes Imports

Imports in Eastern Asia

Tapioca and substitutes imports amounted to X tons in 2021, leveling off at the previous year. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of 102%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, tapioca and substitutes imports fell rapidly to $X in 2021. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 205%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China represented the largest importer of tapioca and substitutes in Eastern Asia, with the volume of imports accounting for X tons, which was approx. 56% of total imports in 2021. Hong Kong SAR (X tons) took the second position in the ranking, followed by South Korea (X tons) and Japan (X tons). All these countries together held approx. 40% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tapioca and substitutes imports into China stood at +10.6%. At the same time, South Korea (+25.6%), Hong Kong SAR (+3.3%), Japan (+3.0%) and Taiwan (Chinese) (+1.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +25.6% from 2012-2021. South Korea (+10 p.p.) and China (+7.4 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Japan and Hong Kong SAR saw its share reduced by -2%, -6.6% and -9.5% from 2012 to 2021, respectively.

In value terms, the largest tapioca and substitutes importing markets in Eastern Asia were China ($X), South Korea ($X) and Hong Kong SAR ($X), with a combined 79% share of total imports.

South Korea, with a CAGR of +29.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Eastern Asia stood at $X per ton in 2021, which is down by -17.5% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 import price decreased by -32.5% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 51% 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 ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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