United Kingdom - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in the UK - 2023
Contents:
- Taro (Cocoyam) Price in the UK (CIF) - 2023
- Taro (Cocoyam) Price in the UK (FOB) - 2022
- Taro (Cocoyam) Imports in the UK
- Taro (Cocoyam) Exports in the UK
Taro (Cocoyam) Price in the UK (CIF) - 2023
In November 2023, the average taro (cocoyam) import price amounted to $2,545 per ton, increasing by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in January 2023 an increase of 14% month-to-month. Over the period under review, average import prices attained the maximum at $2,898 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Vietnam ($2,982 per ton), while the price for China ($1,703 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Dominica (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Taro (Cocoyam) Price in the UK (FOB) - 2022
The average taro (cocoyam) export price stood at $2,943 per ton in 2022, increasing by 38% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2015 an increase of 64% against the previous year. As a result, the export price attained the peak level of $5,048 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($4,073 per ton), while the average price for exports to France stood at $1,436 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.8%).
Taro (Cocoyam) Imports in the UK
After three years of growth, supplies from abroad of taro decreased by -1.5% to 1.4K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (cocoyam) imports increased by +82.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
In value terms, taro (cocoyam) imports skyrocketed to $3.3M in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 60%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Taro (Cocoyam) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 498 | 871 | 1,307 | 1,574 | 46.8% |
| Bangladesh | 78.1 | 182 | 180 | 408 | 73.5% |
| Vietnam | 211 | 292 | 307 | 301 | 12.6% |
| China | 317 | 148 | 236 | 282 | -3.8% |
| Ecuador | 57.9 | 69.7 | 14.5 | 204 | 52.2% |
| India | 2.6 | 163 | 187 | 107 | 245.3% |
| Brazil | N/A | 70.0 | N/A | 73.8 | 2.7% |
| Cyprus | N/A | N/A | N/A | 43.0 | 0% |
| Saint Vincent and the Grenadines | 55.1 | 208 | 61.5 | 20.4 | -28.2% |
| Others | 117 | 141 | 427 | 306 | 37.8% |
| Total | 1,337 | 2,145 | 2,720 | 3,319 | 35.4% |
Top Suppliers of Taro (Cocoyam) to the UK in 2022:
- Costa Rica (684.8 tons)
- China (154.8 tons)
- Bangladesh (125.4 tons)
- Vietnam (98.0 tons)
- Ecuador (89.7 tons)
- India (42.0 tons)
- Brazil (37.4 tons)
- Cyprus (30.8 tons)
- Saint Vincent and the Grenadines (30.3 tons)
Taro (Cocoyam) Exports in the UK
In 2022, approx. 19 tons of taro were exported from the UK; falling by -24.7% compared with the previous year's figure. Over the period under review, exports continue to indicate a precipitous descent.
In value terms, taro (cocoyam) exports rose slightly to $56K in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2021 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Taro (Cocoyam) in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Ireland | N/A | 44.0 | 0% | ||
| France | 48.8 | 11.6 | -76.2% | ||
| Italy | 4.8 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 53.6 | 55.6 | 3.7% | ||
Top Export Markets for Taro (Cocoyam) from the UK in 2022:
- Ireland (10.8 tons)
- France (8.1 tons)
This report provides an in-depth analysis of the taro (cocoyam) market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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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