Starch; Manioc (Cassava) Price in Belgium - 2023

Starch; Manioc (Cassava) Price in Belgium (FOB) - 2023

In June 2023, the average starch; manioc (cassava) export price amounted to $2,320 per ton, picking up by 23% against the previous month. Over the period under review, the export price saw a pronounced increase. The pace of growth appeared the most rapid in December 2022 an increase of 77% month-to-month. Over the period under review, the average export prices reached the peak figure in June 2023.

Average prices varied noticeably for the major foreign markets. In June 2023, the highest price was recorded for prices to France ($2,388 per ton) and Poland ($2,341 per ton), while the average price for exports to the UK ($1,923 per ton) and Spain ($2,044 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Starch; Manioc (Cassava) Price in Belgium (CIF) - 2022

The average starch; manioc (cassava) import price stood at $1,044 per ton in 2022, increasing by 24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $1,166 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($1,306 per ton), while the price for Ghana ($183 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Starch; Manioc (Cassava) Exports in Belgium

In 2022, the amount of starch; manioc (cassava)s exported from Belgium rose slightly to 40K tons, growing by 2.5% against 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 3,678% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, starch; manioc (cassava) exports rose rapidly to $27M in 2022. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 3,077%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Export of Starch; Manioc (Cassava) in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	N/A	0.3	0.4	8.0	416.4%
Poland	N/A	0.1	0.3	6.0	674.6%
France	N/A	0.6	1.6	5.9	213.6%
Netherlands	N/A	0.1	22.0	3.3	474.5%
Spain	N/A	N/A	N/A	1.7	0%
United States	N/A	N/A	N/A	0.5	0%
Switzerland	N/A	N/A	N/A	0.3	0%
Others	N/A	0.1	0.2	1.4	274.2%
Total	N/A	1.1	24.5	27.3	398.2%

Top Export Markets for Starch; Manioc (Cassava) from Belgium in 2022:

France (12.9K tons)
United Kingdom (9.9K tons)
Poland (6.9K tons)
Netherlands (6.4K tons)
Spain (1.7K tons)
United States (0.4K tons)
Switzerland (0.3K tons)

Starch; Manioc (Cassava) Imports in Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of starch; manioc (cassava)s, when their volume decreased by -37.7% to 4.8K tons. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 118% against the previous year.

In value terms, starch; manioc (cassava) imports shrank sharply to $5M in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $6.5M, and then fell markedly in the following year.

Import of Starch; Manioc (Cassava) in Belgium (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Thailand	716	1,720	4,190	2,784	57.2%
Netherlands	561	1,041	1,067	1,138	26.6%
Vietnam	140	N/A	59.6	333	33.5%
Brazil	N/A	0.4	30.9	185	2050.6%
Democratic Republic of the Congo	97.3	36.5	128	118	6.6%
Cameroon	3.2	41.3	89.4	77.2	188.9%
Ghana	1.5	58.8	67.3	56.8	235.8%
Cambodia	N/A	281	316	N/A	12.5%
Others	636	355	586	357	-17.5%
Total	2,155	3,534	6,534	5,050	32.8%