Eastern Asia: Yams Market 2024

Yams Market Size in Eastern Asia

The East Asian yams market contracted to $X in 2022, flattening at the previous year. In general, consumption, however, continues to indicate a noticeable curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Yams Production in Eastern Asia

In value terms, yams production declined to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of yams production was Japan (X tons), accounting for X% of total volume. Moreover, yams production in Japan exceeded the figures recorded by the second-largest producer, China (X tons), sevenfold.

In Japan, yams production remained relatively stable over the period from 2012-2022.

In 2022, the average yams yield in Eastern Asia stood at X tons per ha, approximately equating the previous year. Over the period under review, the yield recorded modest growth. The pace of growth appeared the most rapid in 2019 when the yield increased by X%. Over the period under review, the yams yield reached the maximum level at X tons per ha in 2020; however, from 2021 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 harvested area of yams in Eastern Asia shrank to X ha, stabilizing at the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Yams Exports

Exports in Eastern Asia

In 2022, after four years of growth, there was decline in overseas shipments of yams, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, yams exports totaled $X in 2022. Total exports indicated moderate 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons) and Japan (X tons), together recording X% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of X%).

In value terms, the largest yams supplying countries in Eastern Asia were China ($X) and Japan ($X).

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China totaled $X per ton.

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

Yams Imports

Imports in Eastern Asia

In 2022, approx. X tons of yams were imported in Eastern Asia; with an increase of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, yams imports expanded remarkably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) was the key importer of yams, committing X% of total imports. It was distantly followed by Japan (X tons) and Macao SAR (X tons), together making up a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to yams imports into Taiwan (Chinese) stood at X%. At the same time, Macao SAR (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of Macao SAR (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Hong Kong SAR, 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

The import price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. In general, the import price continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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