Vietnam: Cassava Market 2025

Cassava Market Size in Vietnam

The Vietnamese cassava market stood at $X in 2022, rising by 2.1% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cassava Production in Vietnam

In value terms, cassava production totaled $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 195%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

In 2022, the average cassava yield in Vietnam reduced slightly to X tons per ha, remaining relatively unchanged against the previous year's figure. The yield figure increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 3% against the previous year. Over the period under review, the average cassava yield attained the peak level at X tons per ha in 2021, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cassava in Vietnam contracted to X ha, almost unchanged from the previous year. Over the period under review, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 2.8%. Over the period under review, the harvested area dedicated to cassava production attained the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Cassava Exports

Exports from Vietnam

In 2022, shipments abroad of cassava decreased by -15.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 62% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cassava exports fell sharply to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 74%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for cassava exports from Vietnam, accounting for a 88% share of total exports. Moreover, cassava exports to China exceeded the volume sent to the second major destination, South Korea (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -11.2%.

In value terms, China ($X) remains the key foreign market for cassava exports from Vietnam, comprising 85% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -11.5%.

Export Prices by Country

The average cassava export price stood at $X per ton in 2022, falling by -3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 16%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%).

Cassava Imports

Imports into Vietnam

In 2022, imports of cassava into Vietnam totaled X tons, growing by 11% compared with the previous year's figure. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 1,895%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, cassava imports fell modestly to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 3,238%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Cambodia (X tons) constituted the largest supplier of cassava to Vietnam, with a 89% share of total imports. Moreover, cassava imports from Cambodia exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Cambodia totaled +42.3%.

In value terms, Cambodia ($X) constituted the largest supplier of cassava to Vietnam, comprising 89% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Cambodia amounted to +49.6%.

Import Prices by Country

In 2022, the average cassava import price amounted to $X per ton, dropping by -10.1% against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 81% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably 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 Lao People's Democratic Republic (+5.2%).

Source: IndexBox Platform

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