Asia: Tapioca And Substitutes Market 2024

Tapioca And Substitutes Market Size in Asia

In 2023, the Asian tapioca and substitutes market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. Over the period under review, consumption, however, saw a perceptible increase. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Tapioca And Substitutes Production in Asia

In value terms, tapioca and substitutes production rose modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Tapioca And Substitutes Exports

Exports in Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of tapioca and substitutes, when their volume decreased by X% to X tons. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then dropped in the following year.

In value terms, tapioca and substitutes exports expanded modestly to $X in 2023. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, Taiwan (Chinese) (X tons) represented the main exporter of tapioca and substitutes, mixing up X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by China (X%) and India (X%).

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) remains the largest tapioca and substitutes supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Taiwan (Chinese), tapioca and substitutes exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and China (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports in Asia

In 2023, approx. X tons of tapioca and substitutes were imported in Asia; waning by X% against the previous year. In general, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, tapioca and substitutes imports reduced to $X in 2023. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of tapioca and substitutes, namely Bangladesh, Malaysia and China, represented more than third of total import. Pakistan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%), South Korea (X%), Hong Kong SAR (X%) and the United Arab Emirates (X%). Indonesia (X tons), Sri Lanka (X tons), Japan (X tons), Vietnam (X tons) and Singapore (X tons) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapioca and substitutes importing markets in Asia were South Korea ($X), Hong Kong SAR ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform