Philippines: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in the Philippines

The Philippine tapioca and substitutes market stood at $X in 2021, picking up by 9.6% 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). Over the period under review, consumption, however, recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports from the Philippines

In 2021, the amount of tapioca and substitutes exported from the Philippines skyrocketed to X tons, picking up by 611% compared with the previous year. Over the period under review, exports saw a significant expansion. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, tapioca and substitutes exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X tons) was the main destination for tapioca and substitutes exports from the Philippines, accounting for a 42% share of total exports. Moreover, tapioca and substitutes exports to Qatar exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +103.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.5% per year) and the Netherlands (+252.3% per year).

In value terms, the United States ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest markets for tapioca and substitutes exported from the Philippines worldwide, with a combined 50% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +365.2%, saw the highest growth rate of 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

In 2021, the average tapioca and substitutes export price amounted to $X per ton, declining by -21.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2013 an increase of 48%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Qatar ($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 (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into the Philippines

In 2021, the amount of tapioca and substitutes imported into the Philippines soared to X tons, rising by 28% against 2020. Overall, imports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 106% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tapioca and substitutes imports rose modestly to $X in 2021. Over the period under review, imports posted a pronounced increase. The pace of growth appeared the most rapid in 2019 when imports increased by 97% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of tapioca and substitutes imports to the Philippines, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +68.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of tapioca and substitutes to the Philippines, comprising 50% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+76.0% per year) and Taiwan (Chinese) (+12.6% per year).

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, with a decrease of -18.1% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.7% 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 import price increased by +10.0% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 88% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then declined significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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