Hong Kong’s involvement in the tapioca starch trade highlights its active role as both an exporter and importer. As a significant exporter, Hong Kong has successfully tapped into markets such as Ghana and Zimbabwe, fostering trade relationships and meeting demand for tapioca starch. As an importer, Hong Kong relies heavily on Thailand as its primary source of tapioca starch, followed by other key suppliers such as Chinese Taipei and Vietnam. These trade dynamics play a crucial role in shaping Hong Kong’s tapioca starch market, ensuring a steady flow of supply and contributing to the global trade landscape.
In 2021, Hong Kong emerged as a notable exporter of tapioca starch, with a total export value of $598k. This positioned Hong Kong as the 22nd largest global exporter of tapioca starch, showcasing its active participation in the international market. Tapioca starch ranked as the 2798th most exported product in Hong Kong, indicating the diversity of goods that the region contributes to global trade.
Ghana stood out as the primary destination for Hong Kong’s tapioca starch exports, importing $334k worth of the product. China followed closely, importing $185k, while Zimbabwe received $63.6k worth of tapioca starch shipments. The United States and Macau also featured prominently among Hong Kong’s tapioca starch export destinations, importing $6.43k and $3.54k worth of the product, respectively.
Between 2020 and 2021, Hong Kong experienced significant growth in its export markets for tapioca starch. Ghana displayed remarkable progress, with an increase of $193k in tapioca starch imports from Hong Kong. Zimbabwe also demonstrated notable growth, importing an additional $7.17k worth of the product. Cambodia contributed to this upward trend as well, with an increase of $2.74k in tapioca starch imports from Hong Kong.
In 2021, Hong Kong solidified its position as the 22nd largest global importer of tapioca starch, with imports amounting to $3.88M. Tapioca starch ranked as the 2205th most imported product in Hong Kong, indicating the region’s substantial import volumes and trade activity. Hong Kong primarily sourced its tapioca starch imports from Thailand, accounting for a significant share of $3.61M. Chinese Taipei followed, contributing $160k, while China and Vietnam supplied $94.7k and $13k worth of tapioca starch, respectively. Indonesia also played a role, providing $5.2k worth of the product.
Between 2020 and 2021, Hong Kong witnessed notable growth in its import markets for tapioca starch. Thailand, the leading supplier, saw a substantial increase of $283k in tapioca starch exports to Hong Kong. Chinese Taipei also demonstrated progress, with an additional $106k worth of tapioca starch imports. Vietnam contributed to this growth as well, with an increase of $13k.
Importing Tapioca Starch from Vietnam: A Reliable Partnership
Vietnam has emerged as a prominent supplier of tapioca starch to the Hong Kong market. In 2021, the total value of tapioca starch imports from Vietnam amounted to an impressive $12,960. This significant figure indicates that Vietnam’s tapioca starch holds a strong position in the market and is poised to maintain its presence in Hong Kong in the years to come. The reasons behind this sustained importation are primarily attributed to the product’s superior quality and competitive pricing.
Hong Kong benefits from Vietnam’s tapioca starch exports, which provide a dependable supply of this vital ingredient. The substantial import value from Vietnam underscores Hong Kong’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 Hong Kong’s demand for this essential product.