China spends $2.2 billion to buy tapioca starch, but Vietnam's supply has not yet enough

Published 2023년 2월 22일

Tridge summary

In January 2023, Vietnam saw a significant decrease in cassava and cassava product exports, with a 39.4% drop in volume and a 39.3% decrease in value compared to the previous month. The majority of these exports, 94.69%, were to China. Despite this, the price of raw materials and cassava starch has increased due to demand from China. In 2022, China imported 2.2 billion USD worth of tapioca starch, with Thailand being the largest supplier. However, the market share of Vietnamese cassava in China's total cassava imports decreased to 8.2% in 2022, a decrease from 10.04% in 2021.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China spent 2.2 billion USD to buy tapioca starch, Vietnam is the second largest supplier According to statistics of the General Department of Customs of Vietnam, in January 2023, Vietnam exported 236.09 thousand tons. cassava and cassava products, worth $92.7 million, down 39.4% in volume and 39.3% in value compared to December 2022; Compared to January 2022, down 9% in volume and 17.1% in value. The average export price of cassava and cassava products was at $392.6/ton, up 0.1% compared to December 2022, but down 8.8% compared to January 2022. Source: General Department of Vietnam Customs For cassava products alone, in January 2023, cassava exports reached 58.65 thousand tons, worth 15.06 million USD, down 26.2% in volume and 26.4% in value compared to December 2022; Compared to January 2022, down 25% in volume and 28.1% in value. The average export price of cassava was at $256.8/ton, down 0.3% compared to December 2022 and down 4.2% compared to January 2022. In January 2023, ...

Source: Vinanet