In 2024, although Vietnam’s cassava and cassava product exports declined compared to 2023, the sector still maintained its position as one of the key agricultural export commodities with an export value exceeding USD 1 billion.
According to data from the General Department of Vietnam Customs, total cassava and cassava product exports in 2024 reached 2.62 million tons, worth USD 1.15 billion, down 11.1% in volume and 11.4% in value compared to 2023.
Export Performance Breakdown
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Cassava (fresh and dried): 647.84 thousand tons, worth USD 119.07 million, down 43.1% in volume and 48.6% in value year-on-year.
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Average export price: USD 254 per ton, a decrease of 9.7% compared to 2023.
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Overall cassava and derivative products: average export price USD 440.4 per ton, slightly down 0.2% year-on-year due to slower demand from China.
China Remains Vietnam’s Largest Market
China continued to be the dominant importer, accounting for 92.85% of total export volume and 91.77% of total export value, equivalent to 2.43 million tons worth USD 1.06 billion.
However, exports to China fell by 9.8% in volume and 10.6% in value year-on-year, while the average export price to this market stood at USD 435.3 per ton, down 0.8% from 2023.
The slowdown in Chinese demand significantly impacted Vietnam’s cassava export performance in 2024. Despite this, the market remains Vietnam’s most crucial and promising destination due to large demand, geographic proximity, and lower logistics costs.
Challenges and Outlook for 2025
Vietnam’s cassava exports are still highly dependent on China, with limited penetration into other FTA markets such as the EU, South Korea, Japan, and the United States—where import volumes from Vietnam remain minimal.
In 2025, China is expected to remain the primary export destination. However, competition is intensifying from Thailand, Laos, and Cambodia, as these countries offer lower raw material and labor costs.
To remain competitive in the Chinese market, Vietnamese cassava exporters must:
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Enhance product quality and processing standards;
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Diversify markets by leveraging existing FTAs;
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Invest in value-added cassava derivatives such as starch, bioethanol, and feedstock.