In the first 2 months of 2023, cassava export turnover reached nearly 900,000 tons with a turnover of 375.7 million USD. This result is up 19% over the same period last year, making cassava become the 4th largest export item in the agricultural product group (after coffee, vegetables, and rice).
According to the General Department of Customs, the Ministry of Agriculture and Rural Development said that after a sharp decline in January, cassava exports increased strongly in February.
CHINA ACCOUNTS FOR 95% OF VIETNAM’S CASSAVA EXPORTS
Specifically, in February 2023, exports of cassava and cassava products reached 663,000 tons with a turnover of 283 million USD, up 32.7% in value compared to February 2022. Accumulated in the first 2 months of 2023, exports of cassava and cassava products reached nearly 900,000 tons with a turnover of 375.7 million USD, up 19% over the same period last year.
In the first two months of 2023, China is the largest market, accounting for 94.69% of Vietnam’s total cassava exports.
Notably, in the total exports in the first 2 months of 2023, Vietnam’s cassava starch exports reached about 444,000 tons. In particular, the amount of cassava starch exported by sea is nearly two times higher than through border gates.
In terms of export markets, according to the Digital Transformation and Agricultural Statistics Center, in the first 2 months of 2023, China is the largest market accounting for 94.69% of Vietnam’s total exports of cassava and cassava products. In February 2023, Vietnam exported 255,400 tons of cassava starch to China, accounting for 94.4% of total Vietnam’s market share of cassava starch exports.
In the first two months of the year, the amount of cassava exported to China increased by 30.8%, while the amount exported to Korea decreased by 7.3% compared to the same period last year.
Cassava exports to some other markets are still growing well, with the Philippines having the highest growth in value with an increase of 967%; Malaysia ranks second with 160%. In contrast, Korea has the largest decline with 67%; Taiwan (China) ranks second with -36%.
In the first 2 months of last year, Vietnam did not export cassava and cassava products to Japan. However, in the first 2 months of this year, we exported more than 900 tons to this market, equivalent to 550,000 USD.
Looking back to 2022, Vietnam’s exports of cassava and cassava products reached 3.25 million tons, worth 1.4 billion USD, up 13.3% in volume and 19.7% in value compared to 2021. The average export price of Vietnam’s cassava and cassava products in 2022 is 432.7 USD/ton, up 5.6% compared to 2021.
In 2022, cassava exports reached 760.29 thousand tons, worth 221.04 million USD, down 10.4% in volume and 0.3% in value compared to 2021. The average export price of cassava in 2022 is 290.7 USD/ton, up 11.3% compared to 2021.
China is still the largest consumer of Vietnam’s cassava and cassava products in 2022, accounting for 91.67% in volume and 91.47% in turnover of our total cassava and cassava product exports, with 2.98 million tons, worth 1.28 billion USD. This result is up 11% in volume and 17.2% in value compared to 2021.
The average export price of Vietnam’s cassava and cassava products to China in 2022 is 356.8 USD/ton, up 6.6% compared to 2021. In 2022, Vietnam is the second-largest supplier of cassava starch to China. Vietnam’s market share of cassava starch in China’s total imports accounts for 37.49%, up sharply from 17.56% in 2021./.