Australia - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in Australia - 2023
Contents:
- Taro (Cocoyam) Price in Australia (CIF) - 2023
- Taro (Cocoyam) Price in Australia (FOB) - 2022
- Taro (Cocoyam) Imports in Australia
- Taro (Cocoyam) Exports in Australia
Taro (Cocoyam) Price in Australia (CIF) - 2023
The average taro (cocoyam) import price stood at $4,406 per ton in November 2023, which is down by -12.2% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in September 2023 an increase of 32% month-to-month. As a result, import price reached the peak level of $5,401 per ton. From October 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($6,587 per ton), while the price for Tonga ($1,089 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Taro (Cocoyam) Price in Australia (FOB) - 2022
The average taro (cocoyam) export price stood at $4,000 per ton in 2022, with a decrease of -16.5% against the previous year. In general, the export price recorded a deep slump. The growth pace was the most rapid in 2016 an increase of 99%. Over the period under review, the average export prices hit record highs at $9,400 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Nauru.
From 2012 to 2022, the rate of growth in terms of prices for Fiji amounted to +30.4% per year.
Taro (Cocoyam) Imports in Australia
In 2022, after three years of growth, there was decline in supplies from abroad of taro, when their volume decreased by -3.3% to 2.8K tons. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 5.5% against the previous year. As a result, imports reached the peak of 2.9K tons, and then shrank in the following year.
In value terms, taro (cocoyam) imports contracted to $9M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 8.4% against the previous year.
| Import of Taro (Cocoyam) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | 6.8 | 7.5 | 7.3 | 7.2 | 1.9% |
| Vietnam | 0.8 | 0.8 | 1.0 | 0.9 | 4.0% |
| Thailand | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Tonga | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Samoa | 0.1 | 0.1 | 0.5 | 0.1 | 0.0% |
| Others | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Total | 8.2 | 8.9 | 9.7 | 9.0 | 3.2% |
Top Suppliers of Taro (Cocoyam) to Australia in 2022:
- Fiji (2083.4 tons)
- Vietnam (306.4 tons)
- Tonga (101.0 tons)
- Thailand (88.9 tons)
- Samoa (54.9 tons)
Taro (Cocoyam) Exports in Australia
In 2022, the amount of taro exported from Australia shrank remarkably to 77 kg, which is down by -89% compared with 2021. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2021 with an increase of 2.6%.
In value terms, taro (cocoyam) exports reduced remarkably to $308 in 2022. In general, exports saw a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3.9% against the previous year.
| Export of Taro (Cocoyam) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nauru | N/A | N/A | N/A | 0.3 | 0% |
| Hong Kong SAR | 3.6 | 3.2 | 3.3 | N/A | -4.3% |
| Fiji | 2.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 6.1 | 3.2 | 3.4 | 0.3 | -63.4% |
Top Export Markets for Taro (Cocoyam) from Australia in 2022:
- Nauru (77.0 kg)
This report provides an in-depth analysis of the taro (cocoyam) market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 136 - Taro (Cocoyam)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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