China increases imports of cassava chips from Vietnam

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The Import-Export Department (Ministry of Industry and Trade) cited statistics from the General Department of Customs, saying that in November 2023, Vietnam exported 268.91 thousand tons of cassava and cassava products, worth 134.77 million USD. In the first 11 months of 2023, the export of cassava and cassava products reached over 2.66 million tons, worth 1.16 billion USD, down 6.8% in volume and 7.3% in value compared to the same period in 2022.

Trung Quốc tăng nhập khẩu sắn lát từ Việt Nam

In November 2023, China remained Vietnam's largest export market for cassava and cassava products, accounting for 92.09% in volume and 92.59% in value of the country's total cassava and cassava product exports, reaching 247.64 thousand tons, worth 124.78 million USD, up 2.5% in volume, but down 0.1% in value in October 2023; Compared to November 2022, it decreased by 10.6% in volume, but increased by 6.8% in value.

The average export price of cassava and cassava products to China was 503.9 USD/ton, down 2.5% compared to October 2023, but up 19.5% compared to November 2022. In the first 11 months of 2023, Vietnam exported 2.43 million tons of cassava and cassava products to China, worth 1.05 billion USD, down 6.7% in volume and 7.7% in value compared to the same period in 2022.

According to statistics from the China Customs Administration, in October 2023, China imported 233.76 thousand tons of cassava chips (HS 07141020), worth 66.92 million USD, down 7.9% in volume and 10.2% in value compared to October 2022. Thailand, Vietnam, and Laos are the three markets supplying cassava chips to China.

In the first 10 months of 2023, China imported nearly 5.35 million tons of cassava chips, worth 1.47 billion USD, down 17.1% in volume and 20.4% in value compared to the same period in 2022. Thailand, Vietnam, Laos, Cambodia and Nigeria are the 5 markets supplying cassava chips to China.

Notably, China’s imports of cassava chips from Vietnam, Cambodia and Nigeria increased, while imports from Thailand and Laos decreased compared to the same period in 2022.

In the first 10 months of 2023, Vietnam was the second largest supplier of cassava chips to 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 cassava chip market share accounted for 12.47% in volume and 12.38% in value in China's total cassava chip imports, higher than the same period in 2022.

In October 2023, China imported 308,070 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 markets supplying cassava starch to China. Except for Laos, cassava starch imports from these markets all increased significantly compared to October 2022.

In the first 10 months of 2023, China imported 2.54 million tons of cassava starch, worth 1.28 billion USD, down 26.8% in volume and 29.2% in value compared to the same period in 2022, mainly imported from Thailand, Vietnam, Laos, Cambodia and Indonesia.

In the first 10 months of 2023, Vietnam was the second largest market supplying cassava starch to China, with 795.99 thousand tons, worth 386.03 million USD, down 39.2% in volume and 42% in value compared to the same period in 2022. Vietnam's cassava starch market share in China's total imports accounted for 31.28% in volume and 30.06% in value, lower than in the first 10 months of 2022.

Meanwhile, China continued to boost imports of cassava starch from Laos and Indonesia compared to the same period in 2022. Laos' cassava starch market share accounted for 6.78% in volume and 5.91% in value of China's total imports, up from the first 10 months of 2022; Meanwhile, Indonesia's cassava starch market share accounted for 2.95% in volume and 2.99% in value of China's total imports, up from the first 10 months of 2022.

According to the data, in the first 10 months of 2023, China tended to reduce imports of cassava starch from Vietnam, Thailand and Cambodia, while increasing imports from Laos and Indonesia. In the Chinese market, cassava and cassava starch from Vietnam are facing strong competition with cassava and cassava starch from Thailand, Indonesia, Laos and Cambodia.

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