Southern Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Southern Asia

In 2021, after three years of growth, there was significant decline in the South Asian tapioca and substitutes market, when its value decreased by -24% to $X. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then reduced notably in the following year.

Tapioca And Substitutes Production in Southern Asia

In value terms, tapioca and substitutes production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 35%. The level of production peaked at $X in 2020, and then shrank in the following year.

Tapioca And Substitutes Exports

Exports in Southern Asia

In 2021, the amount of tapioca and substitutes exported in Southern Asia surged to X tons, jumping by 124% on the previous year's figure. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapioca and substitutes exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 123% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

India prevails in exports structure, recording X tons, which was near 90% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), comprising an 8.1% share of total exports.

India was also the fastest-growing in terms of the tapioca and substitutes exports, with a CAGR of +22.1% from 2012 to 2021. At the same time, Sri Lanka (+20.2%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest tapioca and substitutes supplier in Southern Asia, comprising 88% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 4% share of total exports.

In India, tapioca and substitutes exports increased at an average annual rate of +22.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -34.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 62%. The level of export peaked at $X per ton in 2020, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.2%).

Tapioca And Substitutes Imports

Imports in Southern Asia

Tapioca and substitutes imports soared to X tons in 2021, rising by 25% compared with 2020 figures. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +33.1% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 44% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, tapioca and substitutes imports expanded to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +78.5% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Bangladesh was the major importer of tapioca and substitutes in Southern Asia, with the volume of imports finishing at X tons, which was near 59% of total imports in 2021. It was distantly followed by Pakistan (X tons) and Sri Lanka (X tons), together mixing up a 36% share of total imports. Nepal (X tons) followed a long way behind the leaders.

Imports into Bangladesh increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Pakistan (+24.4%) and Nepal (+12.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.4% from 2012-2021. Sri Lanka experienced a relatively flat trend pattern. Pakistan (+19 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Sri Lanka saw its share reduced by -8% and -8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X) constitutes the largest market for imported tapioca and substitutes in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 13% share of total imports. It was followed by Pakistan, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Bangladesh stood at +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+0.1% per year) and Pakistan (+10.1% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, with a decrease of -18.6% against the previous year. In general, the import price saw a mild slump. The growth pace was the most rapid in 2019 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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