Vietnam and Thailand have emerged as the top players in the global cassava market, with Vietnam securing the second-largest exporter position. Since 2013, Vietnam’s cassava exports have consistently exceeded $1 billion annually, reaching a high of $1.35 billion.
In the first two months of the current year, Vietnam exported 723,000 tons of cassava, valued at over $233 million. China remains the primary market, importing 692,000 tons worth over $219 million. While the average export price has decreased, and exports to Taiwan have declined, exports to Malaysia have significantly increased.
Cassava’s versatility spans various sectors, including food, animal feed, and industrial processing. In Vietnam, 43 provinces cultivate cassava, covering a total area of 520,000 to 550,000 hectares and yielding over 10 million tons of fresh cassava. The market faces challenges such as reduced export prices and increased inventory due to lower Chinese demand. Cassava prices are currently low compared to other commodities like corn and wheat.
Key Takeaways:
- Global Leaders: Vietnam ranks 2nd in global cassava exports, following Thailand.
- Major Export: Cassava is a significant export commodity for Vietnam.
- Wide Application: Cassava is used in food, animal feed, and industrial processing.
Vietnam’s Cassava Export Data:
- Annual Export Value: Over $1 billion annually since 2013.
- Peak: $1.35 billion per year.
- Exports in the First 2 Months of This Year:
- Volume: 723,000 tons.
- Value: Over $233 million.
- Largest Market: China.
- Import Volume (First 2 Months): 692,000 tons.
- Import Value (First 2 Months): Over $219 million.
- Export Trends:
- Decrease in average price.
- Notable drop in exports to Taiwan.
- Substantial increase in exports to Malaysia.
Cassava Cultivation in Vietnam:
- Provinces Cultivating Cassava: 43.
- Total Cultivation Area: 520,000 to 550,000 hectares.
- Fresh Cassava Production: Over 10 million tons.
Market Challenges:
- Reduced export prices.
- Increased inventory due to decreased demand from China.
- Low cassava prices compared to other products (e.g., corn, wheat).
Source: https://cafef.vn/khong-phai-gao-hay-sau-rieng-mot-loai-cay-quy-dua-viet-nam-va-thai-lan-tro-thanh-2-ong-trum-cua-the-gioi-tu-goc-den-ngon-deu-hai-ra-tien-nuoc-ta-co-43-tinh-thanh-dang-so-huu-188250312003719622.chn
