Thailand: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in Thailand

The Thai tapioca and substitutes market surged to $X in 2021, with an increase of 239% against the previous year. In general, consumption, however, showed a abrupt setback. Tapioca and substitutes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tapioca And Substitutes Production in Thailand

In value terms, tapioca and substitutes production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports from Thailand

In 2021, shipments abroad of tapioca and substitutes decreased by -10.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.5% against 2016 indices. The pace of growth was the most pronounced in 2020 when exports increased by 40%. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, tapioca and substitutes exports declined modestly to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 35%. Over the period under review, the exports reached the maximum at $X in 2020, and then fell modestly in the following year.

Exports by Country

China (X tons) was the main destination for tapioca and substitutes exports from Thailand, accounting for a 35% share of total exports. Moreover, tapioca and substitutes exports to China exceeded the volume sent to the second major destination, Pakistan (X tons), fourfold. The third position in this ranking was taken by Bangladesh (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+13.1% per year) and Bangladesh (-3.2% per year).

In value terms, China ($X) remains the key foreign market for tapioca and substitutes exports from Thailand, comprising 35% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 7.7% share of total exports. It was followed by Bangladesh, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+14.9% per year) and Bangladesh (-2.8% per year).

Export Prices by Country

In 2021, the average tapioca and substitutes export price amounted to $X per ton, picking up by 6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Bangladesh ($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 China (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Thailand

In 2021, overseas purchases of tapioca and substitutes decreased by -19% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 437%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, tapioca and substitutes imports reduced dramatically to $X in 2021. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 395% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) was the main supplier of tapioca and substitutes to Thailand, accounting for a 93% share of total imports. Moreover, tapioca and substitutes imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +91.6%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of tapioca and substitutes to Thailand, comprising 94% of total imports. The second position in the ranking was taken by South Korea ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +88.8%.

Import Prices by Country

In 2021, the average tapioca and substitutes import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 47%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while the price for South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :