Australia and Oceania: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Australia and Oceania

The taro (cocoyam) market in Australia and Oceania expanded markedly to $X in 2022, growing by 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 indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Taro (Cocoyam) Production in Australia and Oceania

In value terms, taro (cocoyam) production expanded significantly to $X in 2022 estimated in export price. The total production indicated a notable expansion 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, (cocoyam) production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, (cocoyam) production growth remained at a lower figure.

Papua New Guinea (X tons) constituted the country with the largest volume of taro (cocoyam) production, accounting for X% of total volume. Moreover, taro (cocoyam) production in Papua New Guinea exceeded the figures recorded by the second-largest producer, Fiji (X tons), fivefold. Solomon Islands (X tons) ranked third in terms of total production with an X% share.

In Papua New Guinea, taro (cocoyam) production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (X% per year) and Solomon Islands (X% per year).

The average taro (cocoyam) yield shrank slightly to X tons per ha in 2022, remaining relatively unchanged against 2021. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the taro (cocoyam) yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield stood at a somewhat 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 Australia and Oceania totaled X ha, stabilizing at 2021 figures. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to taro (cocoyam) production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

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Taro (Cocoyam) Exports

Exports in Australia and Oceania

In 2022, approx. X tons of taro were exported in Australia and Oceania; surging by X% against the previous year's figure. Total exports indicated a resilient increase from 2012 to 2022: its volume 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, (cocoyam) exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, taro (cocoyam) exports dropped to $X in 2022. Overall, exports continue to indicate prominent growth. The growth pace was the most rapid in 2013 with an increase of X%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Fiji was the major exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Samoa (X tons) and Tonga (X tons), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to taro (cocoyam) exports from Fiji stood at X%. At the same time, Samoa (X%) and Tonga (X%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Samoa increased by X percentage points.

In value terms, Fiji ($X) remains the largest taro (cocoyam) supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Samoa ($X), with an X% share of total exports.

In Fiji, taro (cocoyam) exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Samoa (X% per year) and Tonga (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price 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. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Tonga ($X per ton) was amongst the lowest.

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

Taro (Cocoyam) Imports

Imports in Australia and Oceania

In 2022, after four years of growth, there was decline in supplies from abroad of taro, when their volume decreased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of (cocoyam) imports failed to regain momentum.

In value terms, taro (cocoyam) imports rose slightly to $X in 2022. Total imports indicated prominent 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, (cocoyam) imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, (cocoyam) imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

New Zealand was the major importer of taro in Australia and Oceania, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Australia (X tons), creating a X% share of total imports. American Samoa (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for American Samoa (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and American Samoa ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

American Samoa, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price 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, taro (cocoyam) import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while American Samoa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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