Earlier Report Observations
The market volume for cassava starch in the Philippines remained at a high level of around 390 thousand tons in 2018 and 2019. This was supported by industry investments, such as Nestle Philippines' commitment to help establish processing facilities, and the construction of the first cassava starch processing plant in Isabela in 2019, which laid the groundwork for future capacity.
Market volume fell to 340 thousand tons in 2020, as a significant increase in farmgate prices for cassava roots due to lower raw material production made imports less attractive. A further decline to 299 thousand tons followed in 2021, driven by a 14% drop in domestic starch production to 233 thousand tons.
Recovery began in 2022, with the market reaching 310 thousand tons and then 323 thousand tons in 2023. This rebound was underpinned by the entry of a major new player, Korean company Daesang Philippines, which invested PHP 756 million to build a tapioca starch manufacturing facility in Misamis Oriental. The plant started operations in 2023, increasing processing capacity and creating new assured market linkages for local farmers.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in the Philippines
- 5.1.1. Annual dynamics of production in the Philippines in kind, 2018-2023, K t
- 5.1.2. Annual dynamics of production in the Philippines in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in the Philippines
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6. Exports
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6.1. Exports (Direct Data)
- 6.1.1. Exports - Total information
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6.1.2. Exports in kind, K t
- 6.1.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, K t
- 6.1.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, K t
- 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.1.3. Exports in value, K $ US
- 6.1.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
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6.1.4. Average price of product's exports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's exports from the Philippines by countries, 2018-2024, $ US/t
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6.2. Exports (Mirror Data)
- 6.2.1. Exports - Total information
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6.2.2. Exports in kind, K t
- 6.2.2.1. Annual dynamics of product's exports from the Philippines in kind, 2018-2024, K t
- 6.2.2.2. Dynamics of product's exports in kind from the Philippines by countries, 2018-2024, K t
- 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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6.2.3. Exports in value, K $ US
- 6.2.3.1. Annual dynamics of product's exports from the Philippines in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's exports in value from the Philippines by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
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6.2.4. Average price of product's exports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's exports from the Philippines, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's exports from the Philippines by countries, 2018-2024, $ US/t
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6.1. Exports (Direct Data)
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7. Imports
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7.1. Imports (Direct Data)
- 7.1.1. Imports - Total information
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7.1.2. Imports in kind, K t
- 7.1.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, K t
- 7.1.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, K t
- 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.1.3. Imports in value, K $ US
- 7.1.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
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7.1.4. Average price of product's imports, $ US/t
- 7.1.4.1. Annual dynamics of average price of product's imports to the Philippines, 2018-2024, $ US/t
- 7.1.4.2. Dynamics of average price of product's imports to the Philippines by countries, 2018-2024, $ US/t
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7.2. Imports (Mirror Data)
- 7.2.1. Imports - Total information
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7.2.2. Imports in kind, K t
- 7.2.2.1. Annual dynamics of product's imports to the Philippines in kind, 2018-2024, K t
- 7.2.2.2. Dynamics of product's imports in kind to the Philippines by countries, 2018-2024, K t
- 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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7.2.3. Imports in value, K $ US
- 7.2.3.1. Annual dynamics of product's imports to the Philippines in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's imports in value to the Philippines by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
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7.2.4. Average price of product's imports, $ US/t
- 7.2.4.1. Annual dynamics of average price of product's imports to the Philippines, 2018-2024, $ US/t
- 7.2.4.2. Dynamics of average price of product's imports to the Philippines by countries, 2018-2024, $ US/t
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7.1. Imports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, K t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, K t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production cassava starch in the Philippines
In kind, 2017-2020, K t
From 2017 to 2020, the Philippines held the fourth position globally in cassava starch production.
Top producers of cassava starch, 2017-2020
World map of production of cassava starch, 2017-2020
Following a two-year decline, cassava starch production in the Philippines increased. In 2020, the country produced 271.3 K t of cassava starch, marking a slight rise of 1.1% compared to the previous year. Between 2017 and 2020, production decreased by 5.3%, which translates to an annualized rate of 1.8%. The lowest production level was recorded in 2019 at 268.4 K t, with the largest decline of 3.4% occurring that same year.
Annual dynamics of production in the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (3.0%) | (3.4%) | 1.1% | (1.8%) |
Exports cassava starch from the Philippines
Exports in kind, K t
Annual dynamics of product's exports from the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, the United States was the dominant buyer of cassava starch from the Philippines, accounting for 100.0% of total exports in volume.
Structure of product's exports in kind by countries, 2017-2020
World map of product's exports from the Philippines in kind, 2017-2020
Exports in value, K $ US
Annual dynamics of product's exports from the Philippines in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, the United States clearly led as the primary buyer of cassava starch from the Philippines, representing 100.0% of total exports in value terms.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from the Philippines in value, 2017-2020
Imports cassava starch to the Philippines
Imports in kind, K t
After a two-year increase, imported cassava starch volumes in the Philippines declined. In 2020, imports totaled 69.1 K t, showing a loss of 43.7% compared to 2019. Between 2017 and 2020, imports decreased by 38.5%, equating to an annualized rate of 15.0%. The highest import volume was recorded in 2019 at 122.7 K t, with the largest increase of 8.7% occurring that year.
Annual dynamics of product's imports to the Philippines in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 0.5% | 8.7% | (43.7%) | (15.0%) |
From 2017 to 2020, Thailand consistently accounted for 74.6% of total imports in volume, indicating a high concentration on this market, while the remainder was distributed among other countries.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to the Philippines in kind, 2017-2020
Imports in value, K $ US
After a two-year rise, imported cassava starch volumes in the Philippines declined. In 2020, imports totaled 41 252 K $ US, corresponding to a drop of 26.3% relative to the prior year. Over the period 2017-2020, imports increased by 3.7%, with a compound annual growth rate of 1.2%. The maximum value was recorded in 2019 at 55 950 K $ US, and the largest increase of 37.0% occurred in 2018.
Annual dynamics of product's imports to the Philippines in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 37.0% | 2.7% | (26.3%) | 1.2% |
In 2017–2020, Thailand absorbed 76.9% of total imports in value terms for cassava starch to the Philippines, with the balance spread across a wide range of smaller destinations.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to the Philippines in value, 2017-2020
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