Singapore: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in Singapore

The Singaporean tapioca and substitutes market soared to $X in 2021, growing by 29% 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). Overall, consumption enjoyed a measured increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Tapioca And Substitutes Exports

Exports from Singapore

In 2021, overseas shipments of tapioca and substitutes decreased by -21.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by 135% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, tapioca and substitutes exports reduced modestly to $X in 2021. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 with an increase of 171%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X tons) was the main destination for tapioca and substitutes exports from Singapore, with a 56% share of total exports. Moreover, tapioca and substitutes exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+118.7% per year) and South Africa (-17.5% per year).

In value terms, the largest markets for tapioca and substitutes exported from Singapore were the Philippines ($X), Indonesia ($X) and South Africa ($X), with a combined 80% share of total exports.

The Philippines, with a CAGR of +127.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tapioca and substitutes export price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% 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 +107.1% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Indonesia ($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 Malaysia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Singapore

In 2021, approx. X tons of tapioca and substitutes were imported into Singapore; increasing by 9.8% against the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 75%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports skyrocketed to $X in 2021. In general, imports enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of tapioca and substitutes to Singapore, accounting for a 54% share of total imports. Moreover, tapioca and substitutes imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. Malaysia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.2% per year) and Malaysia (+13.7% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of tapioca and substitutes to Singapore, comprising 58% of total imports. The second position in the ranking was held by Malaysia ($X), with a 23% share of total imports. It was followed by Thailand, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.7% per year) and Thailand (+0.1% per year).

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2017 an increase of 19% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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