Global Root And Tuber Market 2024

Root And Tuber Market Size

The global root and tuber market reduced slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Global consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Root And Tuber Production

In value terms, root and tuber production dropped modestly 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 remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest root and tuber producing country worldwide, comprising approx. X% of total volume. Moreover, root and tuber production in China exceeded the figures recorded by the second-largest producer, Nigeria (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and India (X% per year).

The global average root and tuber yield rose slightly to X tons per ha in 2022, surging by X% against the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average root and tuber yield remained 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 global root and tuber harvested area shrank to X ha, falling by X% on the previous year's figure. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then reduced slightly in the following year.

Root And Tuber Exports

Exports

Global root and tuber exports reached X tons in 2022, increasing by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, root and tuber exports soared to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Thailand (X tons), distantly followed by France (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons) represented the largest exporters of roots and tubers, together committing X% of total exports. Pakistan (X tons), the United States (X tons), Vietnam (X tons), Egypt (X tons), Canada (X tons), China (X tons), India (X tons) and Spain (X tons) took a little share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Pakistan (X%), Egypt (X%), Canada (X%), Spain (X%), France (X%), the Netherlands (X%), the United States (X%), Belgium (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany and Vietnam experienced a relatively flat trend pattern. While the share of Pakistan (X p.p.) and Egypt (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Thailand (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of global exports. The United States, Germany, Canada, China, Egypt, Vietnam, Belgium, Pakistan, Spain and India lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

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

Root And Tuber Imports

Imports

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports skyrocketed to $X in 2022. The total import 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 2013 with an increase of X%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons), distantly followed by Thailand (X tons), Belgium (X tons) and the Netherlands (X tons) were the major importers of roots and tubers, together comprising X% of total imports. Spain (X tons), Vietnam (X tons), the United States (X tons), Italy (X tons), Germany (X tons), Uzbekistan (X tons), France (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest root and tuber importing markets worldwide were China ($X), Vietnam ($X) and Belgium ($X), with a combined X% share of global imports.

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

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Global import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :