Australia played a significant role in the global tapioca starch market in 2021, both as an exporter and importer.
Australia’s Tapioca Starch Exports
In 2021, Australia exported tapioca starch valued at $402k. This export figure positioned Australia as the 26th largest exporter of tapioca starch globally. Although tapioca starch ranked as the 2662nd most exported product from Australia, the export value indicates Australia’s active participation in the global market.
The primary destinations for Australia’s tapioca starch exports were Malaysia, New Zealand, the United Kingdom, Macau, and Fiji. Malaysia was the main importer, accounting for the majority of the exports with a value of $372k. New Zealand and the United Kingdom were also significant importers, followed by Macau and Fiji on a smaller scale.
Australia experienced notable growth in its export markets for tapioca starch between 2020 and 2021, primarily driven by increased exports to Malaysia, New Zealand, and the United Kingdom. Malaysia witnessed significant growth, contributing to $159k of the export growth, while New Zealand and the United Kingdom exhibited growth of $15.8k and $9.02k, respectively.
Australia’s Tapioca Starch Imports
In 2021, Australia imported tapioca starch valued at $9.72M, positioning it as the 13th largest importer of tapioca starch globally. Although tapioca starch ranked as the 1880th most imported product in Australia, the import value highlights the nation’s reliance on international sources to meet domestic demand.
Thailand emerged as the primary source of tapioca starch imports for Australia, contributing imports valued at $8.04M. Vietnam, Chinese Taipei, Germany, and the Netherlands were also significant contributors to Australia’s tapioca starch imports, with respective import values of $1.11M, $240k, $176k, and $61.8k.
Australia witnessed substantial growth in its import markets for tapioca starch between 2020 and 2021, primarily driven by increased imports from Thailand, Vietnam, and Germany. Thailand displayed exceptional growth, contributing to imports valued at $1.86M, while Vietnam and Germany exhibited import growth of $654k and $92.8k, respectively.
Importing Tapioca Starch from Vietnam
Vietnam has become a prominent supplier of tapioca starch to the Australian market. In 2021, the total value of tapioca starch imports from Vietnam reached an impressive $1,107,410, indicating Vietnam’s strong position and its potential to continue serving Australia in the future. This sustained importation is mainly due to the superior quality and competitive pricing of Vietnam’s tapioca starch.
Australia benefits greatly from Vietnam’s tapioca starch exports, which provide a reliable and consistent supply of this essential ingredient. The substantial import value reflects Australia’s confidence in Vietnam as a trusted and preferred partner for meeting its tapioca starch needs. Vietnam’s tapioca starch consistently delivers the required quality and competitive pricing, making it a dependable source that satisfies Australia’s demand for this vital product.