Report Update Feb 1, 2025

Republic of Korea - Cassava - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Cassava Market 2025

Cassava Market Size in Republic of Korea

In 2022, the South Korean cassava market increased by 64% to $X, rising for the third consecutive year after six years of decline. Over the period under review, consumption, however, continues to indicate a perceptible decline. Cassava consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cassava Exports

Exports from Republic of Korea

After three years of decline, overseas shipments of cassava increased by 709% to X kg in 2022. Overall, exports, however, saw a abrupt decline. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cassava exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for cassava exports from South Korea, accounting for a 78% share of total exports. Moreover, cassava exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -6.0%.

In value terms, the United States ($X) remains the key foreign market for cassava exports from South Korea, comprising 88% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +3.4%.

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, growing by 465% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+1,882.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cassava Imports

Imports into Republic of Korea

In 2022, purchases abroad of cassava increased by 46% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, continue to indicate a abrupt setback. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cassava imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight decrease. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Vietnam (X tons) were the main suppliers of cassava imports to South Korea.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of -2.0%).

In value terms, Vietnam ($X) and Thailand ($X) were the largest cassava suppliers to South Korea.

Among the main suppliers, Vietnam, with a CAGR of +2.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average cassava import price stood at $X per ton in 2022, growing by 17% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cassava import price increased by +132.2% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Thailand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cassava in the world?

The countries with the highest volumes of cassava consumption in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, together comprising 43% of global consumption. Ghana, Brazil, Indonesia, Vietnam, Angola, China, Tanzania, Cambodia, Cote d'Ivoire and Malawi lagged somewhat behind, together comprising a further 37%.

What are the largest producers of cassava in the world?

The countries with the highest volumes of cassava production in 2021 were Nigeria, Democratic Republic of the Congo and Thailand, with a combined 43% share of global production. Ghana, Brazil, Indonesia, Vietnam, Angola, Tanzania, Cambodia, Cote d'Ivoire, Malawi and Mozambique lagged somewhat behind, together comprising a further 36%.

What are the leading suppliers of cassava to Republic of Korea?

In value terms, Vietnam and Thailand constituted the largest cassava suppliers to South Korea.

What are the leading importers of cassava from Republic of Korea?

In value terms, the United States remains the key foreign market for cassava exports from South Korea, comprising 69% of total exports. The second position in the ranking was occupied by the Netherlands $431), with a 20% share of total exports.

What is the average export price for cassava in Republic of Korea?

In 2021, the average cassava export price amounted to $1,248 per ton, with a decrease of -63.2% against the previous year.

What is the average import price for cassava in Republic of Korea?

In 2021, the average cassava import price amounted to $237 per ton, which is down by -4.1% against the previous year.

This report provides an in-depth analysis of the cassava market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 125 - Cassava

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024