Starch; Manioc (Cassava) Price in China - 2023
Contents:
- Starch; Manioc (Cassava) Price in China (CIF) - 2023
- Starch; Manioc (Cassava) Price in China (FOB) - 2022
- Starch; Manioc (Cassava) Imports in China
- Starch; Manioc (Cassava) Exports in China
Starch; Manioc (Cassava) Price in China (CIF) - 2023
The average starch; manioc (cassava) import price stood at $533 per ton in June 2023, surging by 3.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 4.7% month-to-month. The import price peaked at $535 per ton in July 2022; however, from August 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($547 per ton), while the price for Indonesia ($500 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Starch; Manioc (Cassava) Price in China (FOB) - 2022
In 2022, the average starch; manioc (cassava) export price amounted to $738 per ton, therefore, remained relatively stable against the previous year. Overall, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of 21%. Over the period under review, the average export prices hit record highs at $2,346 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($1,734 per ton), while the average price for exports to Russia ($586 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Starch; Manioc (Cassava) Imports in China
For the fourth consecutive year, China recorded growth in purchases abroad of starch; manioc (cassava)s, which increased by 24% to 4.3M tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.0% 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 +81.4% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 26%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, starch; manioc (cassava) imports skyrocketed to $2.2B in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Starch; Manioc (Cassava) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 695 | 708 | 1,235 | 1,278 | 22.5% |
| Vietnam | 311 | 389 | 287 | 805 | 37.3% |
| Others | 25.0 | 33.6 | 152 | 124 | 70.5% |
| Total | 1,031 | 1,131 | 1,674 | 2,207 | 28.9% |
Top Suppliers of Starch; Manioc (Cassava) to China in 2022:
- Thailand (2.4M tons)
- Vietnam (1.6M tons)
Starch; Manioc (Cassava) Exports in China
In 2022, the amount of starch; manioc (cassava)s exported from China skyrocketed to 914 tons, jumping by 41% against the previous year. The total export volume increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, starch; manioc (cassava) exports surged to $675K in 2022. The total export value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Starch; Manioc (Cassava) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 84.3 | 0% |
| United States | N/A | 3.1 | 21.0 | 44.2 | 277.6% |
| United Kingdom | 3.1 | 4.6 | 3.6 | 6.1 | 25.3% |
| Malaysia | N/A | 29.1 | 1.8 | 0.2 | -91.7% |
| Hong Kong SAR | 262 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 30.8 | N/A | N/A | 0% |
| Kyrgyzstan | 247 | 155 | 71.7 | N/A | -46.1% |
| Others | 7.2 | 320 | 382 | 540 | 321.7% |
| Total | 520 | 542 | 480 | 675 | 9.1% |
Top Export Markets for Starch; Manioc (Cassava) from China in 2022:
- Russia (144.0 tons)
- United States (36.7 tons)
- United Kingdom (3.5 tons)
- Malaysia (0.1 tons)
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