Singapore - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in Singapore - 2022
Contents:
- Taro (Cocoyam) Price in Singapore (CIF) - 2022
- Taro (Cocoyam) Price in Singapore (FOB) - 2022
- Taro (Cocoyam) Imports in Singapore
- Taro (Cocoyam) Exports in Singapore
Taro (Cocoyam) Price in Singapore (CIF) - 2022
The average taro (cocoyam) import price stood at $2,643 per ton in September 2022, growing by 9.2% against the previous month. In general, import price indicated buoyant growth from September 2021 to September 2022: its price increased at an average monthly rate of +5.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, taro (cocoyam) import price increased by +13.1% against July 2022 indices. The pace of growth was the most pronounced in January 2022 when the average import price increased by 48% against the previous month. Over the period under review, average import prices attained the maximum at $2,877 per ton in February 2022; however, from March 2022 to September 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($2,955 per ton), while the price for Bangladesh ($1,119 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Taro (Cocoyam) Price in Singapore (FOB) - 2022
In 2022, the average taro (cocoyam) export price amounted to $3,514 per ton, with an increase of 32% against the previous year. In general, the export price recorded prominent growth. The growth pace was the most rapid in 2017 an increase of 88% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Timor-Leste ($7,580 per ton), while the average price for exports to Indonesia ($1,248 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 Brunei Darussalam (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Taro (Cocoyam) Imports in Singapore
In 2022, overseas purchases of taro decreased by -10.4% to 2.2K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a perceptible downturn. The pace of growth was the most pronounced in 2020 when imports increased by 5.8%. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of (cocoyam) imports remained at a lower figure.
In value terms, taro (cocoyam) imports reached $4.1M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Taro (Cocoyam) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,777 | 2,816 | 2,918 | 3,017 | 2.8% |
| China | 260 | 417 | 373 | 644 | 35.3% |
| Malaysia | 13.5 | 38.7 | 62.2 | 197 | 144.4% |
| Bangladesh | 67.9 | 27.8 | 43.2 | 48.9 | -10.4% |
| Others | 238 | 119 | 318 | 211 | -3.9% |
| Total | 3,356 | 3,419 | 3,715 | 4,118 | 7.1% |
Top Suppliers of Taro (Cocoyam) to Singapore in 2022:
- Thailand (1535.4 tons)
- China (440.0 tons)
- Malaysia (97.2 tons)
- Bangladesh (58.9 tons)
Taro (Cocoyam) Exports in Singapore
In 2022, approx. 767 kg of taro were exported from Singapore; declining by -6.3% compared with the year before. Overall, exports continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 9.2% against the previous year.
In value terms, taro (cocoyam) exports soared to $2.7K in 2022. In general, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year.
| Export of Taro (Cocoyam) in Singapore (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Timor-Leste | N/A | 771 | 1,213 | 1,137 | 21.4% |
| Brunei Darussalam | N/A | 260 | N/A | 1,070 | 102.9% |
| Malaysia | 634 | 620 | 587 | 347 | -18.2% |
| Indonesia | 722 | N/A | 360 | 141 | -42.0% |
| Hong Kong SAR | 1,287 | N/A | N/A | N/A | 0% |
| United States | 1,967 | N/A | N/A | N/A | 0% |
| Others | 256 | 23.0 | 12.0 | N/A | -78.3% |
| Total | 4,866 | 1,674 | 2,172 | 2,695 | -17.9% |
Top Export Markets for Taro (Cocoyam) from Singapore in 2022:
- Brunei Darussalam (300.0 kg)
- Malaysia (204.0 kg)
- Timor-Leste (150.0 kg)
- Indonesia (113.0 kg)
This report provides an in-depth analysis of the taro (cocoyam) market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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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