EU: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in the EU

In 2022, after two years of growth, there was decline in the EU taro (cocoyam) market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2021, and then declined slightly in the following year.

Taro (Cocoyam) Production in the EU

In value terms, taro (cocoyam) production fell to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, (cocoyam) production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

The country with the largest volume of taro (cocoyam) production was Cyprus (X tons), accounting for X% of total volume. It was followed by Austria (X tons), with a X% share of total production.

In Cyprus, taro (cocoyam) production contracted by an average annual rate of X% over the period from 2012-2022.

In 2022, the average yield of taro in the European Union dropped modestly to X tons per ha, waning by X% compared with the previous year. Overall, the yield continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the taro (cocoyam) yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the 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, approx. X ha of taro were harvested in the European Union; approximately equating 2021 figures. Over the period under review, the harvested area continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to taro (cocoyam) production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

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Taro (Cocoyam) Exports

Exports in the EU

After five years of growth, overseas shipments of taro decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the (cocoyam) exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, taro (cocoyam) exports expanded rapidly to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the (cocoyam) exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was near X% of total exports in 2022. It was distantly followed by Spain (X tons), achieving a X% share of total exports. Belgium (X tons), Bulgaria (X tons), France (X tons) and Cyprus (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 the Netherlands stood at X%. At the same time, Spain (X%), Bulgaria (X%), France (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Cyprus (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Spain (X p.p.) and Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while France, Belgium and Cyprus saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest taro (cocoyam) supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, taro (cocoyam) exports increased 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: Spain (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

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

Taro (Cocoyam) Imports

Imports in the EU

In 2022, supplies from abroad of taro decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, taro (cocoyam) imports expanded significantly to $X in 2022. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

The Netherlands represented the main importing country with an import of around X tons, which recorded X% of total imports. France (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%) and Italy (X%). Germany (X tons) followed a long way behind the leaders.

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

In value terms, the Netherlands ($X) constitutes the largest market for imported taro in the European Union, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

In the Netherlands, taro (cocoyam) imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: France (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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