In 2023, Vietnam’s sliced cassava market share in China’s total imports increased compared to 2022.
According to the General Department of Customs, in November 2023, Vietnam exported 268.91 thousand tons of cassava and its products, worth 134.77 million USD. Accumulated in 11 months of 2023, exports of cassava and its products reached over 2.66 million tons, worth 1.16 billion USD. This result was down 6.8% in volume and 7.3% in value over the same period in 2022.
China increases sliced cassava imports from Vietnam
In November 2023, China was the largest export market of Vietnam’s cassava and its products, accounting for 92.09% in volume and 92.59% in value of the total cassava exports of the country. The result reached 247.64 thousand tons, worth 124.78 million USD, up 2.5% in volume, but down 0.1% in value; Compared to November 2022, it decreased by 10.6% in volume but increased by 6.8% in value.
The average export price of cassava to China was at 503.9 USD/ton which was down 2.5% compared to October 2023, but up 19.5% compared to November 2022. Accumulated in 11 months of 2023, Vietnam exported 2.43 million tons of cassava and its products to China, worth 1.05 billion USD, down 6.7% in volume and 7.7% in value over the same period in 2022.
According to the statistics of the Chinese Customs, in October 2023, China imported 233.76 thousand tons of sliced cassava (HS 07141020), with a value of 66.92 million USD. This result was down 7.9% in volume and 10.2% in value compared to October 2022. Thailand, Vietnam, and Laos are the three suppliers to China.
Overall, in the first 10 months of 2023, China imported nearly 5.35 million tons of sliced cassava, worth 1.47 billion USD, down 17.1% in volume and 20.4% in value over the same period in 2022. Thailand, Vietnam, Laos, Cambodia, and Nigeria are the top five markets for China.
Notably, China’s imports from Vietnam, Cambodia, and Nigeria increased. While imports from Thailand and Laos decreased compared to the same period in 2022.
In 10 months of 2023, Vietnam was the second-largest supplier of sliced cassava for China with 667.15 thousand tons, worth 183.01 million USD, up 28.9% in volume and 19.5% in value over the same period in 2022. Vietnam’s market share accounted for 12.47% in volume and 12.38% in value of China’s total sliced cassava imports, higher than the same period in 2022.
In the 10 months of this year, Vietnam was the second-largest supplier of cassava starch to China.
In October 2023, China imported 308.07 thousand tons of cassava starch (HS 11081400), worth 169.14 million USD, up 10.8% in volume and 19.4% in value compared to October 2022. Thailand, Vietnam, Indonesia, Laos, and Cambodia are the suppliers to China. Except for Laos, imports of cassava starch from these markets increased quite well compared to October 2022.
In general, in the first 10 months of 2023, China imported 2.54 million tons of cassava starch mainly from Thailand, Vietnam, Laos, Cambodia, and Indonesia. It was worth 1.28 billion USD, down 26.8% in volume and 29.2% in value compared to the same period in 2022.
In the 10 months of this year, Vietnam was the second-largest supplier of cassava starch to China, with 795.99 thousand tons, worth 386.03 million USD, down 39.2% in volume and 42% in value over the same period in 2022. Vietnam’s market share in China’s total imports accounted for 31.28% in volume and 30.06% in value, lower than 10 months of last year.
Meanwhile, China continued to boost imports of cassava starch from Laos and Indonesia over the same period in 2022. Laos’ market share accounted for 6.78% in volume and 5.91% in value of China’s total imports, up against 10 months of 2022. The market share of Indonesia accounted for 2.95% in volume and 2.99% in value of China’s total imports, also up against 10 months of 2022.
The above data shows that in 2023, China tends to reduce imports of cassava starch from Vietnam, Thailand, and Cambodia, while increasing imports from Laos and Indonesia. In the Chinese market, Vietnam’s sliced cassava and cassava starch are being competed against those of Thailand, Indonesia, Laos, and Cambodia./.
