South-Eastern Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in South-Eastern Asia

The Southeast Asian tapioca and substitutes market amounted to $X in 2021, increasing by 1.9% against the previous year. The total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -30.7% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in South-Eastern Asia

In value terms, tapioca and substitutes production declined sharply to $X in 2021 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by 42%. As a result, production reached the peak level of $X, and then reduced dramatically in the following year.

Tapioca And Substitutes Exports

Exports in South-Eastern Asia

In 2021, exports of tapioca and substitutes in South-Eastern Asia rose to X tons, increasing by 4.2% compared with the year before. The total export volume increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, tapioca and substitutes exports rose slightly to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.1% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by 28%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Thailand represented the main exporter of tapioca and substitutes in South-Eastern Asia, with the volume of exports recording X tons, which was approx. 79% of total exports in 2021. It was distantly followed by Indonesia (X tons), creating a 17% share of total exports.

Exports from Thailand increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Indonesia (+6.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +6.9% from 2012-2021. From 2012 to 2021, the share of Thailand and Indonesia increased by +7.9 and +3.1 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest tapioca and substitutes supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Indonesia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +7.1%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2018 an increase of 27%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+7.8%).

Tapioca And Substitutes Imports

Imports in South-Eastern Asia

Tapioca and substitutes imports amounted to X tons in 2021, surging by 13% on 2020. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 86%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tapioca and substitutes imports rose rapidly to $X in 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 91% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) was the key importer of tapioca and substitutes, mixing up 41% of total imports. Myanmar (X tons) took the second position in the ranking, followed by the Philippines (X tons), Singapore (X tons) and Vietnam (X tons). All these countries together held approx. 52% share of total imports. Indonesia (X tons) held a minor 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 Myanmar (with a CAGR of +76.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported tapioca and substitutes in South-Eastern Asia, comprising 40% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 16% share of total imports. It was followed by Singapore, with a 13% share.

In Malaysia, tapioca and substitutes imports increased at an average annual rate of +22.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+2.0% per year) and Singapore (+3.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, declining by -3.4% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% 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 increased by +42.1% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 53% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat 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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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