Taro Market
Taro market: download new info enhanced by an Ai-driven business intelligence platform. Data cover imports, production, market size, trade, consumption, exports, market prices, and companies. Here is a breakdown by country, including the Middle East, the U.K., the U.S., Russia, Latin America, Africa, China, and EU. Market trends and forecast to 2030 are also featured in the snapshots.
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Taro - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Nigeria |
| 2 | China |
| 3 | Cameroon |
| 4 | Ghana |
| 5 | Ethiopia |
In value terms, Nigeria led the market, alone. The second position in the ranking was occupied by China. It was followed by Cameroon.
In Nigeria, the taro (cocoyam) market increased at an average annual rate of +4.6% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: China (-0.9% per year) and Cameroon (-5.3% per year).
Taro (cocoyam) Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Nicaragua | 777 | 945 | 818 | 2.6% |
| United States | 1142 | 1233 | 972 | -7.7% |
| Honduras | 1194 | 1045 | 1028 | -7.2% |
| Ecuador | 1345 | 1238 | 1048 | -11.7% |
| Indonesia | 1056 | 1057 | 1057 | 0.0% |
| China | 1088 | 1078 | 1078 | -0.5% |
| Costa Rica | 1101 | 1180 | 1243 | 6.3% |
| Fiji | 1926 | 2248 | 2981 | 24.4% |
| Average | 1115 | 1111 | 1150 | 1.5% |
Prices varied noticeably by the country of origin; the country with the highest price was Fiji ($2,981 per ton), while Nicaragua ($818 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Fiji, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 1580 | 1647 | 1707 | 3.9% |
| New Zealand | 1614 | 1639 | 1666 | 1.6% |
| Netherlands | 1170 | 1076 | 1427 | 10.4% |
| Singapore | 1332 | 1431 | 1378 | 1.7% |
| Canada | 984 | 1073 | 1131 | 7.2% |
| United States | 1068 | 934 | 892 | -8.6% |
| Malaysia | 818 | 506 | 539 | -18.8% |
| United Arab Emirates | 489 | 502 | 504 | 1.5% |
| Average | 1258 | 1181 | 1100 | -6.5% |
Prices varied noticeably by the country of destination; the country with the highest price was Japan ($1,707 per ton), while the United Arab Emirates ($504 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Taro (cocoyam) - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| United States | 25 | 45 | 65 | 61.9% |
| Japan | 57 | 59 | 46 | -10.5% |
| New Zealand | 7.3 | 7.8 | 7.9 | 3.9% |
| Netherlands | 2.4 | 3.2 | 4 | 30.3% |
| Canada | 2.8 | 3.4 | 3.6 | 13.2% |
In value terms, the United States ($65M), Japan ($46M) and New Zealand ($7.9M) were the countries with the highest levels of imports in 2020, with a combined 77% share of global imports.
The United States (+61.9% per year) saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Taro (cocoyam) - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 75 | 78 | 79 | 2.4% |
| Ecuador | 1.8 | 4.1 | 21 | 236.9% |
| Fiji | 11 | 11 | 16 | 20.0% |
| Costa Rica | 7.2 | 7.2 | 7.2 | 0.0% |
| Nicaragua | 4.8 | 5.2 | 4.4 | -4.5% |
In value terms, China ($79M) remains the largest taro (cocoyam) supplier worldwide, comprising 53% of global exports. The second position in the ranking was occupied by Ecuador ($21M), with a 14% share of global exports. It was followed by Fiji, with a 10% share.
In China, taro (cocoyam) exports expanded at an average annual rate of +2.4% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+236.9% per year) and Fiji (+20.0% per year).
Taro (cocoyam) - Market Forecast
Driven by increasing demand for taro (cocoyam) worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Taro - Product Coverage
- HS 071440 - Vegetable roots and tubers; taro (Colocasia spp.) with high starch or inulin content, fresh, chilled, frozen or dried, whether or not sliced or in the form of pellets
This report provides an in-depth analysis of the taro (cocoyam) market in Africa.
This report provides an in-depth analysis of the global taro (cocoyam) market.
This report provides an in-depth analysis of the taro (cocoyam) market in Australia and Oceania.
This report provides an in-depth analysis of the taro (cocoyam) market in Central Asia.
This report provides an in-depth analysis of the taro (cocoyam) market in Eastern Asia.
This report provides an in-depth analysis of the taro (cocoyam) market in Northern America.
This report provides an in-depth analysis of the taro (cocoyam) market in Latin America and the Caribbean.
This report provides an in-depth analysis of the taro (cocoyam) market in the Middle East.
This report provides an in-depth analysis of the taro (cocoyam) market in Southern Asia.
This report provides an in-depth analysis of the taro (cocoyam) market in South-Eastern Asia.
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