Algeria has witnessed a remarkable increase in the import of tapioca starch, positioning itself as the 44th largest global importer of this versatile product in 2021. The total value of tapioca starch imports reached an impressive $1.02M. However, in the broader context of Algeria’s import landscape, tapioca starch ranked as the 1769th most imported product during the same year.
Thailand, Vietnam, and Brazil emerged as the primary sources of tapioca starch for Algeria. Thailand stood out as the largest exporter, with a contribution of $613k, followed closely by Vietnam with $241k, and Brazil with $163k. These figures underline the pivotal role these countries play in meeting Algeria’s growing demand for tapioca starch.
Between 2020 and 2021, Vietnam and Brazil witnessed substantial growth as Algeria’s fastest-growing import markets for tapioca starch. Imports from Vietnam surged by $193k, while those from Brazil increased by $163k. These significant growth rates indicate the increasing reliance on Vietnam and Brazil as key suppliers of tapioca starch for Algeria.
|Trade Value (2021)
Importing Tapioca Starch from Vietnam: A Reliable Partnership
Vietnam has emerged as a prominent supplier of tapioca starch to the Algeria market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $240,841. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Algeria in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Algeria benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Algeria’s confidence in Vietnam as a trusted and preferred partner for fulfilling its tapioca starch requirements. With its consistent quality and competitive pricing, Vietnam’s tapioca starch has proven to be a reliable source that meets Algeria’s demand for this essential product.
When analyzing Algeria’s import landscape, it is crucial to consider the impact of tariffs on tapioca starch. In 2018, the average tariff for tapioca starch in Algeria stood at 29.9%. Notably, several countries imposed high import tariffs on this product, including Angola, Burundi, Benin, Burkina Faso, and Botswana. These nations implemented a Most Favored Nation duty rate treatment, resulting in a significant 30% tariff on tapioca starch imports.
These high import tariffs shed light on the trade barriers and cost implications associated with the international trade of tapioca starch. Policymakers and stakeholders in Algeria must carefully consider these tariffs when formulating import strategies and engaging in trade negotiations to ensure a balanced and sustainable market for tapioca starch.