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What is the export trend of Thai cassava?

Market outlook

Cassava

Oct 21, 2021

Edited By

Seujin Jang

Oct 21, 2021

Edited By

Seujin Jang

The export trend of Thai cassava in 2016 shows a continuous high production meanwhile export value in 2017 dropped by 8% due to the low demand from China. From 2017-2019, the total production fell dramatically whereas in 2020 the market shifted from China to other Asian countries.

-At least 80% of Thailand’s cassava export are in the form of Cassava starch.

-China imports comprises around 60~70% of all Thai cassava export volume.

Timeline:

-2016: Continuous high production, low price of maize in China. The alcohol industries reduced their imports of cassava chips significantly. Same year, Chinese importers also imposed lower pricing on other cassava products.

-2017: export values dropped by 8% as a result of decreased demand from China. Low import demand and export prices farmers suffered capital losses and many of them shifted to other crops such as sugarcane and maize. Incessant rains caused backlogging and many crops were damaged. Lack of capital and any motivation to take care of their cassava crops high volumes were left to rot.

-2017~2019:Total production and export dramatically fell.

-2020~ : the market is diversifying their export countries away from China to other Asian countries

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