Starch; Manioc (Cassava) Price in Australia - 2023

Contents:

1. Starch; Manioc (Cassava) Price in Australia (CIF) - 2023
2. Starch; Manioc (Cassava) Price in Australia (FOB) - 2022
3. Starch; Manioc (Cassava) Imports in Australia
4. Starch; Manioc (Cassava) Exports in Australia

Starch; Manioc (Cassava) Price in Australia (CIF) - 2023

The average starch; manioc (cassava) import price stood at $714 per ton in July 2023, remaining constant against the previous month. In general, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in October 2022 when the average import price increased by 21% against the previous month. As a result, import price reached the peak level of $974 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($754 per ton), while the price for Vietnam amounted to $540 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%).

Starch; Manioc (Cassava) Price in Australia (FOB) - 2022

In 2022, the average starch; manioc (cassava) export price amounted to $1,249 per ton, declining by -42.5% against the previous year. Overall, the export price, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2014 an increase of 779% against the previous year. As a result, the export price attained the peak level of $4,957 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($2,134 per ton), while the average price for exports to Papua New Guinea stood at $1,232 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+9.9%), while the prices for the other major destinations experienced a decline.

Starch; Manioc (Cassava) Imports in Australia

In 2022, after three years of growth, there was significant decline in overseas purchases of starch; manioc (cassava)s, when their volume decreased by -10% to 14K tons. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of 16K tons, and then fell in the following year.

In value terms, starch; manioc (cassava) imports surged to $12M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Starch; Manioc (Cassava) to Australia in 2022:

1. Thailand (12.3K tons)
2. Vietnam (1.7K tons)

Starch; Manioc (Cassava) Exports in Australia

After two years of decline, overseas shipments of starch; manioc (cassava)s increased by 519% to 62 tons in 2022. Over the period under review, exports, however, showed a abrupt setback.

In value terms, starch; manioc (cassava) exports soared to $78K in 2022. In general, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Papua New Guinea (61.0 tons)
2. New Zealand (1.2 tons)

Source: IndexBox Market Intelligence Platform