Italy - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in Italy - 2023
Contents:
- Taro (Cocoyam) Price in Italy (CIF) - 2023
- Taro (Cocoyam) Price in Italy (FOB) - 2022
- Taro (Cocoyam) Imports in Italy
- Taro (Cocoyam) Exports in Italy
Taro (Cocoyam) Price in Italy (CIF) - 2023
In October 2023, the average taro (cocoyam) import price amounted to $2,252 per ton, with a decrease of -23.6% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 116% m-o-m. As a result, import price attained the peak level of $5,790 per ton. From August 2023 to October 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In October 2023, the country with the highest price was Bangladesh ($2,555 per ton), while the price for Ecuador amounted to $2,196 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Egypt (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Taro (Cocoyam) Price in Italy (FOB) - 2022
In 2022, the average taro (cocoyam) export price amounted to $2,759 per ton, surging by 30% against the previous year. Overall, the export price, however, showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 303% against the previous year. As a result, the export price attained the peak level of $7,149 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($3,974 per ton), while the average price for exports to Germany ($2,104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malta (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Taro (Cocoyam) Imports in Italy
In 2022, approx. 488 tons of taro were imported into Italy; picking up by 9% against the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, (cocoyam) imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, taro (cocoyam) imports skyrocketed to $1M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (cocoyam) imports increased by +81.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Taro (Cocoyam) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.6 | 39.8 | 107 | 479 | 220.1% |
| Costa Rica | 214 | 234 | 305 | 215 | 0.2% |
| Spain | 145 | 158 | 203 | 200 | 11.3% |
| China | 240 | 122 | 58.1 | 57.2 | -38.0% |
| Bangladesh | 39.5 | 22.4 | 38.2 | 55.6 | 12.1% |
| Bulgaria | N/A | N/A | N/A | 16.6 | 0% |
| Others | 5.4 | 1.8 | 10.6 | 21.1 | 57.5% |
| Total | 659 | 577 | 722 | 1,045 | 16.6% |
Top Suppliers of Taro (Cocoyam) to Italy in 2022:
- Netherlands (227.3 tons)
- Costa Rica (93.3 tons)
- Spain (93.1 tons)
- China (36.8 tons)
- Bangladesh (17.8 tons)
- Bulgaria (9.4 tons)
Taro (Cocoyam) Exports in Italy
Taro (cocoyam) exports from Italy fell remarkably to 7.2 tons in 2022, dropping by -16.3% against the year before. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. As a result, the exports reached the peak of 8.6 tons, and then shrank sharply in the following year.
In value terms, taro (cocoyam) exports reached $20K in 2022. Overall, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 when exports increased by 158% against the previous year. As a result, the exports attained the peak of $39K. From 2021 to 2022, the growth of the (cocoyam) exports failed to regain momentum.
| Export of Taro (Cocoyam) in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.3 | N/A | 15.7 | 13.3 | 12.7% |
| Germany | N/A | 0.5 | N/A | 2.9 | 140.8% |
| Hungary | N/A | N/A | N/A | 2.9 | 0% |
| France | 2.7 | 0.5 | 1.0 | 0.3 | -51.9% |
| Poland | 1.7 | 0.2 | 0.1 | 0.2 | -51.0% |
| Japan | N/A | 37.7 | N/A | N/A | 0% |
| Others | 1.4 | N/A | 1.4 | 0.3 | -40.2% |
| Total | 15.1 | 38.9 | 18.2 | 19.8 | 9.5% |
Top Export Markets for Taro (Cocoyam) from Italy in 2022:
- Spain (4.6 tons)
- Germany (1.4 tons)
- Hungary (0.9 tons)
- Poland (0.1 tons)
- France (0.1 tons)
This report provides an in-depth analysis of the taro (cocoyam) market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
-
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
-
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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