U.S. - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in the United States - 2023
Contents:
- Taro (Cocoyam) Price in the United States (CIF) - 2023
- Taro (Cocoyam) Price in the United States (FOB) - 2023
- Taro (Cocoyam) Imports in the United States
- Taro (Cocoyam) Exports in the United States
Taro (Cocoyam) Price in the United States (CIF) - 2023
The average taro (cocoyam) import price stood at $1,367 per ton in December 2023, surging by 7.9% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 14% against the previous month. Over the period under review, average import prices attained the peak figure at $1,733 per ton in July 2023; however, from August 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Costa Rica ($2,301 per ton), while the price for China ($197 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Taro (Cocoyam) Price in the United States (FOB) - 2023
In December 2023, the average taro (cocoyam) export price amounted to $957 per ton, waning by -22.1% against the previous month. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 26% m-o-m. The export price peaked at $2,090 per ton in May 2023; however, from June 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Canada ($975 per ton), while the average price for exports to Mexico totaled $769 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Taro (Cocoyam) Imports in the United States
In 2022, purchases abroad of taro decreased by -4.1% to 69K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 10% against the previous year. As a result, imports reached the peak of 73K tons. From 2021 to 2022, the growth of (cocoyam) imports remained at a somewhat lower figure.
In value terms, taro (cocoyam) imports skyrocketed to $68M in 2022. Over the period under review, imports showed a relatively flat trend pattern.
| Import of Taro (Cocoyam) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 36.8 | 30.9 | 30.0 | 32.1 | -4.5% |
| Mexico | 10.0 | 9.0 | 8.4 | 15.0 | 14.5% |
| Costa Rica | 5.9 | 3.6 | 6.1 | 9.4 | 16.8% |
| Nicaragua | 5.2 | 3.9 | 3.4 | 4.9 | -2.0% |
| Honduras | 4.1 | 2.4 | 1.1 | 1.1 | -35.5% |
| China | 1.6 | 1.2 | 0.8 | 0.8 | -20.6% |
| Others | 6.1 | 3.9 | 4.5 | 4.8 | -7.7% |
| Total | 69.7 | 54.8 | 54.2 | 68.2 | -0.7% |
Top Suppliers of Taro (Cocoyam) to the United States in 2022:
- Ecuador (29.6K tons)
- Mexico (18.1K tons)
- Nicaragua (10.0K tons)
- Costa Rica (5.9K tons)
- China (2.3K tons)
- Honduras (1.2K tons)
Taro (Cocoyam) Exports in the United States
In 2022, shipments abroad of taro decreased by -13.1% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% 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) exports increased by +54.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of 2.8K tons, and then contracted in the following year.
In value terms, taro (cocoyam) exports soared to $3.5M in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Taro (Cocoyam) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.7 | 2.0 | 2.7 | 3.5 | 27.2% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 1.9 | 2.0 | 2.7 | 3.5 | 22.6% |
Top Export Markets for Taro (Cocoyam) from the United States in 2022:
- Canada (2.4K tons)
This report provides an in-depth analysis of the taro (cocoyam) market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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