Asia: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Asia

The Asian taro (cocoyam) market reached $X in 2022, approximately reflecting the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Taro (Cocoyam) Production in Asia

In value terms, taro (cocoyam) production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, (cocoyam) production growth failed to regain momentum.

The country with the largest volume of taro (cocoyam) production was China (X tons), comprising approx. X% of total volume. Moreover, taro (cocoyam) production in China exceeded the figures recorded by the second-largest producer, Japan (X tons), more than tenfold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with a X% share.

In China, taro (cocoyam) production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Lao People's Democratic Republic (X% per year).

In 2022, the average taro (cocoyam) yield in Asia stood at X tons per ha, remaining stable against the previous year's figure. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the taro (cocoyam) 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 taro (cocoyam) harvested area in Asia fell to X ha, standing approx. at the year before. In general, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2019 to 2022, the growth of the taro (cocoyam) harvested area failed to regain momentum.

Taro (Cocoyam) Exports

Exports in Asia

Taro (cocoyam) exports dropped to X tons in 2022, declining by X% on 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, taro (cocoyam) exports rose sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the (cocoyam) exports remained at a lower figure.

Exports by Country

China dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Indonesia (X tons), Myanmar (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to taro (cocoyam) exports from China stood at X%. At the same time, the United Arab Emirates (X%), Indonesia (X%) and Myanmar (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Indonesia, Myanmar and the United Arab Emirates increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest taro (cocoyam) supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

In China, taro (cocoyam) exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Taro (Cocoyam) Imports

Imports in Asia

Taro (cocoyam) imports dropped to X tons in 2022, with a decrease of X% on 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, (cocoyam) imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, taro (cocoyam) imports totaled $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, (cocoyam) imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of taro, generating X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). Singapore (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to taro (cocoyam) imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Singapore and the United Arab Emirates experienced a relatively flat trend pattern. Malaysia (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported taro in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan amounted to X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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