Thailand: Cassava Market 2025

Cassava Market Size in Thailand

The Thai cassava market dropped to $X in 2022, which is down by -10.7% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -33.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cassava Production in Thailand

In value terms, cassava production reduced markedly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 147% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of cassava in Thailand contracted modestly to X tons per ha in 2022, standing approx. at 2021 figures. Over the period under review, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 2%. The cassava yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cassava production in Thailand contracted modestly to X ha, almost unchanged from the previous year. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 6.3%. Over the period under review, the harvested area dedicated to cassava production reached the peak figure at X ha in 2021, and then shrank in the following year.

Cassava Exports

Exports from Thailand

In 2022, shipments abroad of cassava increased by 13% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a pronounced expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, cassava exports skyrocketed to $X in 2022. Overall, exports recorded a temperate expansion. The growth pace was the most rapid in 2021 when exports increased by 90% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for cassava exports from Thailand, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +2.5%.

In value terms, China ($X) also remains the key foreign market for cassava exports from Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +3.4%.

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, surging by 3.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.9% per year.

Cassava Imports

Imports into Thailand

In 2022, cassava imports into Thailand surged to X tons, picking up by 50% on 2021 figures. In general, imports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 169% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, cassava imports surged to $X in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 153% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main suppliers of cassava imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lao People's Democratic Republic (with a CAGR of +57.6%).

In value terms, Lao People's Democratic Republic ($X) and Cambodia ($X) were the largest cassava suppliers to Thailand.

Among the main suppliers, Lao People's Democratic Republic, with a CAGR of +56.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, reducing by -10.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 19%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the price for Cambodia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+0.7%).

Source: IndexBox Platform

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