Wallis and Futuna Islands: Cassava Market 2020

Cassava Market Size in Wallis and Futuna Islands

The revenue of the cassava market in Wallis and Futuna Islands amounted to $X in 2018, dropping by -X% against the previous year. In general, cassava consumption continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the market value increased by X% y-o-y. Wallis and Futuna Islands cassava consumption peaked at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

Cassava Production in Wallis and Futuna Islands

In value terms, cassava production stood at $X in 2018 estimated in export prices. In general, cassava production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 when production volume increased by X% y-o-y. Over the period under review, cassava production attained its maximum level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Average yield of cassava in Wallis and Futuna Islands totaled X ton per ha in 2018, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the cassava yield attained its maximum level in 2018 and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of cassava were harvested in Wallis and Futuna Islands; reducing by -X% against the previous year. Overall, the cassava harvested area continues to indicate an abrupt drop. Over the period under review, the harvested area dedicated to cassava production attained its maximum at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Cassava Exports

Exports by Country

Thailand was the largest exporter of cassava in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2018. It was distantly followed by Cambodia (X tons), making up a X% share of total exports. The following exporters - Vietnam (X tons), Lao People's Democratic Republic (X tons) and Costa Rica (X tons) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of +X% from 2007 to 2018. At the same time, Lao People's Democratic Republic (+X%) and Cambodia (+X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Costa Rica experienced a relatively flat trend pattern. By contrast, Vietnam (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Thailand, Cambodia and Lao People's Democratic Republic increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest cassava supplier from Wallis and Futuna Islands, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Thailand stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the cassava export price in Wallis and Futuna Islands amounted to $X per ton, remaining stable against the previous year. Overall, the cassava export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Cassava Imports

Imports into Wallis and Futuna Islands

In 2018, the imports of cassava into Wallis and Futuna Islands totaled X tons, growing by X% against the previous year. Over the period under review, cassava imports continue to indicate an outstanding expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Wallis and Futuna Islands imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, cassava imports totaled $X in 2018. Over the period under review, cassava imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, cassava imports attained their maximum at $X in 2015; however, from 2016 to 2018, imports remained at a lower figure.

Imports by Country

China prevails in cassava imports structure, amounting to X tons, which was approx. X% of total imports in 2018. South Korea (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the cassava imports, with a CAGR of +X% from 2007 to 2018. South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -X% from 2007 to 2018, respectively.

In value terms, China ($X) constitutes the largest market for imported cassava into Wallis and Futuna Islands, comprising X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Wallis and Futuna Islands (+X% per year).

Import Prices by Country

In 2018, the cassava import price in Wallis and Futuna Islands amounted to $X per ton, reducing by -X% against the previous year. Overall, the cassava import price continues to indicate a dramatic deduction. The growth pace was the most rapid in 2015 a decrease of -X% y-o-y. Wallis and Futuna Islands import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2018, the country with the highest price was China ($X per ton), while South Korea totaled $X per ton.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform