According to statistics from the General Department of Vietnam Customs, in February 02, Vietnam exported 2024 tons of cassava and cassava products, worth 217.030 million USD, down 96,27% in volume and 48,7% in value compared to January 50,8; Compared to February 1, it decreased by 2024% in volume and 02% in value.
The reason for the decrease is that February 02 has the traditional Tet holiday of both Vietnam and China, so Vietnam's export of cassava and cassava products is affected.
In February 02, the average export price of cassava and cassava products was at 2024 USD/ton, down 443,6% compared to January 4,1, but up 01% compared to February 2024. .
Accumulated in the first 2 months of 2024, Vietnam's export of cassava and cassava products reached 639.060 tons, worth 291,51 million USD, down 9,1% in volume, but up 8,9% in value compared to with the same period in 2023.
For cassava products alone, in February 02, cassava exports reached 2024 tons, worth 64.800 million USD, down 16,52% in volume and down 14,9% in value compared to January 17,3; Compared to February 01, it decreased by 2024% in volume and 02% in value.
The average export price is at 254,9 USD/ton, down 2,9% compared to January 01 and down 2024% compared to February 5,7.
Accumulated in the first 2 months of 2024, cassava exports reached 140.920 tons, worth 36,5 million USD, down 42,9% in volume and 44,4% in value compared to the same period in 2023.
China is still Vietnam's largest export market for cassava and cassava products. Photo: Thua Thien Hue Newspaper.
In February 02, China is still Vietnam's largest export market for cassava and cassava products, accounting for 2024% of the country's total cassava exports, reaching 91,6 tons, worth 198.810 billion VND. million USD, down 86,12% in volume and 50,5% in value compared to January 53,2; Compared to February 01, it decreased by 2024% in volume and 02% in value.
The average export price of cassava and cassava products to China is at 433,2 USD/ton, down 5,4% compared to January 01, but up 2024% compared to February 17.
Accumulated in the first 2 months of 2024, Vietnam exported 599.930 tons of cassava and cassava products to China, worth 269,71 million USD, down 9% in volume, but up 8,8% in value compared to with the same period in 2023.
Notably, in the first 2 months of 2024, exports of cassava and cassava products to most markets decreased, however exports to the Malaysian market still grew strongly in both volume and value, reaching 2.250 million. tons, worth 1,2 million USD, up 99,1% in volume and 123,4% in value over the same period in 2023.
In addition to China, the Taiwanese market also tends to increase the purchase of cassava and cassava products from Vietnam. According to statistics from the Taiwan Finance Authority, in the first 2 months of 2024, the Taiwan market imported 4,93 tons of cassava, worth 2.000 USD, down 28,3% in volume and 50% in value. price compared to the same period in 2023.
In the first 2 months of 2024, the Taiwan market imported 56.030 tons of cassava starch (HS110814), worth 31,9 million USD, up 17,4% in volume and 39,5% in value over the same period. 2023.
In the first 2 months of 2024, Vietnam is the second largest cassava starch supplier to the Taiwan market, reaching 2 tons, worth 7.970 million USD, an increase of 4,45% in volume and an increase of 20,3%. % in value compared to the same period in 45,2.
Vietnam's cassava starch market share accounts for 14,23% of the total import volume of the Taiwan market, higher than 13,89% in the first 2 months of 2023. Meanwhile, Vietnam's cassava starch market share Thailand accounts for 80,8%, higher than 78,43% in the first 2 months of 2023; Laos' cassava starch market share accounts for 2,81%, higher than 2,19% in the first 2 months of 2023.
