Southern Asia: Cassava Market 2024

Cassava Market Size in Southern Asia

The South Asian cassava market totaled $X in 2023, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a mild setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Cassava Production in Southern Asia

In value terms, cassava production amounted to $X in 2023 estimated in export price. In general, production, however, showed a slight shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

The country with the largest volume of cassava production was India (X tons), comprising approx. X% of total volume. Moreover, cassava production in India exceeded the figures recorded by the second-largest producer, Sri Lanka (X tons), more than tenfold.

In India, cassava production contracted by an average annual rate of X% over the period from 2012-2023.

In 2023, the average yield of cassava in Southern Asia stood at X tons per ha, surging by X% on 2022 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. The level of yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cassava harvested area amounted to X ha in 2023, growing by X% against 2022 figures. Overall, the harvested area, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2023, the growth of the cassava harvested area remained at a somewhat lower figure.

Cassava Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in shipments abroad of cassava, which increased by X% to X tons in 2023. Total exports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, cassava exports rose rapidly to $X in 2023. Total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in years to come.

Exports by Country

In 2023, India (X tons) and Sri Lanka (X tons) represented the major exporter of cassava in Southern Asia, constituting X% of total export.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%).

In value terms, the largest cassava supplying countries in Southern Asia were India ($X) and Sri Lanka ($X).

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, increasing 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 appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%).

Cassava Imports

Imports in Southern Asia

In 2023, overseas purchases of cassava decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, cassava imports soared to $X in 2023. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The purchases of the one major importers of cassava, namely Maldives, represented more than two-thirds of total import.

Maldives was also the fastest-growing in terms of the cassava imports, with a CAGR of X% from 2012 to 2023. Maldives (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Maldives ($X) constitutes the largest market for imported cassava in Southern Asia.

From 2012 to 2023, the average annual growth rate of value in Maldives totaled X%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Maldives.

From 2012 to 2023, the rate of growth in terms of prices for Maldives amounted to X% per year.

Source: IndexBox Platform