Vietnam gains cassava export growth in 2020

Vietnam's export of cassava chips and cassava-made products in December 2020 alone was estimated at 330,000 tonnes. (Photo: congthuong.vn)

Exports last year reached 2.76 million tonnes, earning 989 million USD, an increase of 9 percent in volume and 2.4 percent in value compared to 2019. However, the average export price of those products reduced by 6 percent to 358.3 USD per tonne year on year.

In December alone an estimated 330,000 tonnes with a value of 118 million USD were exported.

Impacts of the COVID-19 pandemic did cause problems for the cassava production industry according to the department under the Ministry of Agriculture and Rural Development, but it was still one of the few agricultural products with a positive growth in export value.

The exports of cassava chips in 2020 reached 640,000 tonnes, earning 139 million USD, up 60 percent in volume and 75 percent in value over the same period last year. The average export price for this product reached 217 USD per tonne, up 10 percent.

Tapioca export was estimated at 2.1 million tonnes with a value of 850 million USD, down 1 percent in volume and 4 percent in value over the same period in 2019. Its average export price reached 401 USD per tonne, down 4 percent.

According to the department, China was the largest export market with the total volume of cassava chips and cassava-made products reaching 1.9 million tonnes, earning 772 million USD. That's an increase of 11.5 percent in volume and 2.7 percent in value compared to 2019.

Taiwan and Malaysia were also two other largest export markets of Vietnamese cassava with the growth in export value of 15 percent and 3 percent year on year, respectively, in the first 11 months of 2020.

In China market, Vietnam is currently the second largest supplier of both cassava chips and tapioca, according to China’s General Department of Customs./.

VNA