For the Quarter Ending September 2025
APAC
• In China, Tapioca Starch Price Index fell in Q3 2025, due to deflationary pressures and weak industrial demand.
• Tapioca Starch production costs trended higher in Q3 2025 due to limited cassava root supplies and declining starch content.
• Demand from China's Shenwan Food & Beverage sector declined in Q3 2025, influenced by -0.3% CPI YoY in September 2025.
• Industrial demand for Tapioca Starch faced headwinds as China's Manufacturing Index was contracting in September 2025.
• China's industrial production increased by 6.5% YoY in September 2025, providing some support for industrial Tapioca Starch applications.
• Retail sales increased by 3.0% YoY in September 2025, offering positive impetus for consumer-facing Tapioca Starch demand.
• Tapioca Starch supply chains in Southeast Asia slowed in Q3 2025, with production capacity constrained by technological downtime.
• China's cassava imports increased YoY in September 2025, and Laos' tapioca starch exports to China dramatically rose.
Why did the price of Tapioca Starch change in September 2025 in APAC?
• Deflationary pressures (CPI -0.3%, PPI -2.3% YoY) exerted downward price pressure.
• Manufacturing Index contraction in September 2025 reduced industrial Tapioca Starch demand.
• Higher cassava root costs from limited Q3 2025 supply pushed production costs upward.
North America
• In United States, the Tapioca Starch Price Index rose quarter-over-quarter in Q3 2025, driven by persistent inflationary pressures.
• Production costs increased, influenced by a 2.6% rise in the Producer Price Index for final demand in August 2025.
• Demand outlook was mixed, with retail sales up 5.42% year-over-year in September 2025 supporting consumer sectors.
• Industrial demand was tempered by sluggish industrial production, growing only 0.1% year-over-year in September 2025.
• Consumer confidence declined to 94.2 in September 2025, alongside a 4.3% unemployment rate, tempering demand.
• Manufacturing new orders strengthened in August 2025, indicating positive momentum for industrial Tapioca Starch uses.
• Overall manufacturing inventories inched up in August 2025, suggesting a stable supply situation.
• Inflationary pressure, with CPI up 3.0% in September 2025, contributed to higher operational costs for producers.
Why did the price of Tapioca Starch change in September 2025 in North America?
• Rising input costs, evidenced by a 2.6% Producer Price Index increase in August 2025, pushed prices higher.
• Strong retail sales, up 5.42% in September 2025, supported demand in consumer-facing Tapioca Starch applications.
• Sluggish industrial production, up only 0.1% in September 2025, tempered industrial Tapioca Starch demand.
Europe
• In Germany, the Tapioca Starch Price Index remained stable quarter-over-quarter in Q3 2025, reflecting mixed market signals.
• Tapioca Starch production costs faced upward pressure from a 2.4% CPI increase in September 2025.
• Conversely, producer prices of industrial products decreased by 1.7% in September 2025, driven by lower energy costs.
• Demand for Tapioca Starch was subdued as Germany's Manufacturing Index was contracting in Q3 2025.
• Industrial production declined by 1.0% in September 2025, impacting Tapioca Starch consumption in industrial sectors.
• Retail sales rose by 0.2% in September 2025, providing some support for consumer-facing Tapioca Starch applications.
• Global cassava production is projected to remain stagnant through 2027, potentially constraining Tapioca Starch feedstock supply.
• The Tapioca Starch price forecast suggests continued stability or slight downward pressure due to ongoing industrial weakness.
Why did the price of Tapioca Starch change in September 2025 in Europe?
• Industrial demand for Tapioca Starch weakened due to Germany's contracting Manufacturing Index in Q3 2025.
• Production costs were influenced by a 2.4% CPI increase and a 1.7% PPI decrease in September 2025.
• Stable consumer spending, indicated by a 0.2% retail sales rise, partially offset industrial demand declines.