Japan - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in Japan - 2023
Contents:
- Taro (Cocoyam) Price in Japan (CIF) - 2023
- Taro (Cocoyam) Price in Japan (FOB) - 2022
- Taro (Cocoyam) Imports in Japan
- Taro (Cocoyam) Exports in Japan
Taro (Cocoyam) Price in Japan (CIF) - 2023
In November 2023, the average taro (cocoyam) import price amounted to $2,363 per ton, declining by -2.3% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 8.5% m-o-m. Over the period under review, average import prices attained the peak figure at $2,469 per ton in July 2023; however, from August 2023 to November 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +1.3% per month.
Taro (Cocoyam) Price in Japan (FOB) - 2022
The average taro (cocoyam) export price stood at $6,254 per ton in 2022, increasing by 6% against the previous year. In general, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +11.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, taro (cocoyam) export price increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 177% against the previous year. The export price peaked at $6,973 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($9,448 per ton), while the average price for exports to Djibouti ($4,389 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 Cambodia (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.
Taro (Cocoyam) Imports in Japan
In 2022, imports of taro into Japan shrank to 34K tons, which is down by -3.3% against the previous year's figure. In general, imports continue to indicate a mild contraction. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year.
In value terms, taro (cocoyam) imports rose sharply to $65M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Over the period under review, (cocoyam) imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Taro (Cocoyam) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.0 | 45.5 | 60.7 | 64.3 | 2.9% |
| Others | 0.2 | 0.1 | 0.1 | 0.3 | 14.5% |
| Total | 59.2 | 45.6 | 60.8 | 64.5 | 2.9% |
Top Suppliers of Taro (Cocoyam) to Japan in 2022:
- China (33.9K tons)
Taro (Cocoyam) Exports in Japan
In 2022, taro (cocoyam) exports from Japan fell notably to 2.1 tons, which is down by -89.3% on the previous year's figure. Over the period under review, exports continue to indicate a precipitous decline. The smallest decline of -4.8% was in 2021.
In value terms, taro (cocoyam) exports declined markedly to $13K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -9.4% was in 2021.
| Export of Taro (Cocoyam) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.1 | N/A | N/A | 7.9 | 329.1% |
| Hong Kong SAR | 98.9 | 39.6 | 42.2 | 2.5 | -70.7% |
| Singapore | 56.6 | 53.5 | 55.2 | 1.6 | -69.5% |
| Djibouti | N/A | N/A | N/A | 1.5 | 0% |
| Macao SAR | 14.3 | 6.7 | 8.7 | N/A | -22.0% |
| United Arab Emirates | 0.4 | 20.5 | 0.6 | N/A | 22.5% |
| Netherlands | 8.5 | 3.0 | N/A | N/A | -64.7% |
| Canada | 6.5 | 0.8 | 1.0 | N/A | -60.8% |
| Others | 6.3 | 5.8 | 10.0 | N/A | 26.0% |
| Total | 192 | 130 | 118 | 13.4 | -58.8% |
Top Export Markets for Taro (Cocoyam) from Japan in 2022:
- Thailand (1180.0 kg)
- Hong Kong SAR (450.0 kg)
- Djibouti (350.0 kg)
- Singapore (165.0 kg)
This report provides an in-depth analysis of the taro (cocoyam) market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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