EU: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in the EU

For the seventh year in a row, the EU tapioca and substitutes market recorded growth in sales value, which increased by 26% to $X in 2021. Overall, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tapioca And Substitutes Production in the EU

In value terms, tapioca and substitutes production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. The level of production peaked at $X in 2020, and then fell in the following year.

Tapioca And Substitutes Exports

Exports in the EU

In 2021, the amount of tapioca and substitutes exported in the European Union soared to X tons, rising by 40% compared with the year before. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 52%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, tapioca and substitutes exports soared to $X in 2021. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by 64%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Exports by Country

In 2021, Belgium (X tons), the Netherlands (X tons) and France (X tons) was the major exporter of tapioca and substitutes in the European Union, mixing up 88% of total export. The following exporters - Denmark (X tons), Germany (X tons), Spain (X tons) and Portugal (X tons) - together made up 10% of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +49.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the largest tapioca and substitutes supplier in the European Union, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 19% share of total exports. It was followed by Belgium, with a 14% share.

In the Netherlands, tapioca and substitutes exports expanded at an average annual rate of +14.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: France (+0.2% per year) and Belgium (+6.1% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, waning by -2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2013 when the export price increased by 28% against the previous year. The level of export peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.7%), while the other leaders experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports in the EU

In 2021, overseas purchases of tapioca and substitutes increased by 23% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapioca and substitutes imports soared to $X in 2021. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of tapioca and substitutes imports in 2021 were the Netherlands (X tons), France (X tons), Belgium (X tons) and Germany (X tons), together recording 75% of total import. Spain (X tons) ranks next in terms of the total imports with a 5.9% share, followed by Poland (4.8%). Italy (X tons) and Portugal (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Italy (with a CAGR of +23.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in the European Union were the Netherlands ($X), France ($X) and Germany ($X), with a combined 59% share of total imports. These countries were followed by Belgium, Spain, Poland, Italy and Portugal, which together accounted for a further 30%.

In terms of the main importing countries, Spain, with a CAGR of +24.3%, recorded the highest rates of growth with regard to the value of imports, 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 the European Union stood at $X per ton in 2021, jumping by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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