Vietnam: Export market of cassava and cassava products in the first 3 months of 2022

Published 2022년 4월 12일

Tridge summary

In March 2022, Vietnam witnessed a significant surge in cassava and cassava product exports, with a 79.4% increase in volume, 94% in turnover, and an 8.2% increase in price compared to the previous month. The cassava chip export alone saw a 31.8% rise in volume and a 38.3% increase in turnover. The Chinese market absorbs 93% of the total export volume and value, despite challenges like high logistics costs and competition from other countries. To sustain this growth and address industry limitations, the article highlights the need for a diversified export market and domestic consumption strategy. It also emphasizes the importance of improving yield and processing efficiency, particularly in the face of increasing demand and potential import barriers from China. The article also touches on the potential of expanding domestic consumption and improving logistics efficiency to enhance the competitiveness of the cassava industry.

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

Original content

Particularly in March 2022, it was estimated at 447,018 tons, equivalent to 198.61 million USD, the average price was 444.3 USD/ton, a sharp increase of 79.4% in volume, 94% in turnover and 8.2% in price. compared to February 2022; compared with March 2021, also increased 42.8% in volume, 70.2% in turnover and 19.2% in price. In March 2022, the export of cassava chips alone was estimated at 135,701 tons, equivalent to 40.92 million USD, the average price was 301.5 USD/ton, up 31.8% in volume, up 38.3% in turnover. and increased 4.9% in price compared to February 2022. For the whole 3 months, the export of cassava chips reached 317,573 tons, equivalent to 91.68 million USD, the average price was 288.7 USD/ton, down 23% in volume, down 11.2% in turnover but up 15 .3% in price compared to the first 3 months of 2021. Cassava and cassava products exported mostly to the Chinese market accounted for 93% of the country's total export volume and turnover, reaching 886,031 tons, ...

Source: Vinanet