Vietnam - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (Cocoyam) Price in Vietnam - 2022
Contents:
- Taro (Cocoyam) Price in Vietnam (FOB) - 2022
- Taro (Cocoyam) Price in Vietnam (CIF) - 2022
- Taro (Cocoyam) Exports in Vietnam
- Taro (Cocoyam) Imports in Vietnam
Taro (Cocoyam) Price in Vietnam (FOB) - 2022
In 2022, the average taro (cocoyam) export price amounted to $1,120 per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2015 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $1,297 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($1,120 per ton) and Japan ($1,120 per ton), while the average price for exports to Canada ($1,120 per ton) and South Korea ($1,120 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Taro (Cocoyam) Price in Vietnam (CIF) - 2022
The average taro (cocoyam) import price stood at $2,097 per ton in 2022, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2019 when the average import price increased by 36%. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,097 per ton), while the price for China stood at $2,097 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Taro (Cocoyam) Exports in Vietnam
In 2022, taro (cocoyam) exports from Vietnam soared to 454 tons, surging by 45% compared with 2021 figures. Overall, exports, however, recorded a deep contraction.
In value terms, taro (cocoyam) exports skyrocketed to $509K in 2022. Over the period under review, exports, however, saw a abrupt contraction.
| Export of Taro (Cocoyam) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 237 | 120 | 128 | 177 | -9.3% |
| South Korea | 55.6 | 112 | 75.6 | 128 | 32.0% |
| Japan | 74.7 | 29.3 | 34.8 | 84.2 | 4.1% |
| China | 472 | N/A | 50.6 | 41.4 | -55.6% |
| United States | N/A | N/A | 0.9 | 30.7 | 3311.1% |
| Canada | N/A | 0.8 | 19.9 | 27.5 | 486.3% |
| Germany | 11.0 | 18.4 | 2.4 | 10.0 | -3.1% |
| Taiwan (Chinese) | 30.2 | 13.6 | 0.6 | N/A | -85.9% |
| Others | 73.0 | 45.4 | 42.9 | 9.7 | -49.0% |
| Total | 953 | 339 | 356 | 509 | -18.9% |
Top Export Markets for Taro (Cocoyam) from Vietnam in 2022:
- Australia (158.0 tons)
- South Korea (114.4 tons)
- Japan (75.2 tons)
- China (37.0 tons)
- United States (27.4 tons)
- Canada (24.6 tons)
- Germany (8.9 tons)
Taro (Cocoyam) Imports in Vietnam
Taro (cocoyam) imports into Vietnam declined dramatically to 73 tons in 2022, dropping by -42.3% on 2021 figures. Over the period under review, imports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 45% against the previous year.
In value terms, taro (cocoyam) imports declined notably to $154K in 2022. In general, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year.
| Import of Taro (Cocoyam) in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 214 | 129 | 189 | 149 | -11.4% |
| Taiwan (Chinese) | N/A | N/A | N/A | 5.1 | 0% |
| Indonesia | 533 | 11.5 | 12.7 | N/A | -84.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 746 | 140 | 202 | 154 | -40.9% |
Top Suppliers of Taro (Cocoyam) to Vietnam in 2022:
- China (70.8 tons)
- Taiwan (Chinese) (2.4 tons)
This report provides an in-depth analysis of the taro (cocoyam) market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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