Africa: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Africa

The African taro (cocoyam) market rose to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Taro (Cocoyam) Production in Africa

In value terms, taro (cocoyam) production rose markedly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, (cocoyam) production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Ethiopia (X tons) and Cameroon (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Ethiopia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average taro (cocoyam) yield in Africa reached X tons per ha, with an increase of X% against the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of taro production in Africa fell modestly to X ha, approximately equating the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. The level of harvested area peaked at X ha in 2016; afterwards, it flattened through to 2022.

Taro (Cocoyam) Exports

Exports in Africa

In 2022, approx. X tons of taro were exported in Africa; jumping by X% against 2021 figures. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, taro (cocoyam) exports surged to $X in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt represented the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Madagascar (X tons), generating a X% share of total exports.

Egypt experienced a relatively flat trend pattern with regard to volume of exports of taro. At the same time, Madagascar (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Egypt and Madagascar increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) emerged as the largest taro (cocoyam) supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Madagascar ($X), with a X% share of total exports.

In Egypt, taro (cocoyam) exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a temperate expansion. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Madagascar totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (X%).

Taro (Cocoyam) Imports

Imports in Africa

In 2022, purchases abroad of taro decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, (cocoyam) imports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, taro (cocoyam) imports declined sharply to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Burundi was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Comoros (X tons), comprising a X% share of total imports.

Burundi was also the fastest-growing in terms of the taro imports, with a CAGR of X% from 2012 to 2022. At the same time, Comoros (X%) displayed positive paces of growth. From 2012 to 2022, the share of Burundi and Comoros increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest taro (cocoyam) importing markets in Africa were Comoros ($X) and Burundi ($X).

Burundi, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, faced a sharp descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Comoros ($X per ton), while Burundi amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burundi (X%).

Source: IndexBox Platform

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