ASEAN: Yams Market 2024

Yams Market Size in ASEAN

The ASEAN yams market rose sharply to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Yams Production in ASEAN

In value terms, yams production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The Philippines (X tons) constituted the country with the largest volume of yams production, comprising approx. X% of total volume. Moreover, yams production in the Philippines exceeded the figures recorded by the second-largest producer, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in the Philippines was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (X% per year) and Vietnam (X% per year).

In 2022, the average yield of yams in ASEAN declined modestly to X tons per ha, therefore, remained relatively stable against the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the yams yield failed to regain momentum. 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 yams production in ASEAN totaled X ha, therefore, remained relatively stable against the year before. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Yams Exports

Exports in ASEAN

In 2022, shipments abroad of yams decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, yams exports shrank sharply to $X in 2022. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the main exporter of yams, mixing up X% of total exports. The Philippines (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Singapore (X tons) held a relatively small share of total exports.

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. While the share of Malaysia (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, the Philippines ($X), Malaysia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Yams Imports

Imports in ASEAN

In 2022, approx. X tons of yams were imported in ASEAN; shrinking by X% on the previous year's figure. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, yams imports expanded slightly to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Singapore (X tons), making up a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of X%).

In value terms, Singapore ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022.

Among the main importing countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

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

Source: IndexBox Platform

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