Guam: Roots And Tubers Market 2020

Roots And Tubers Market Size in Guam

The revenue of the roots and tubers market in Guam amounted to $X in 2018, rising by X% against the previous year. In general, roots and tubers consumption, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, the roots and tubers market attained its peak level of $X. From 2009 to 2018, the growth of the roots and tubers market failed to regain its momentum.

Roots And Tubers Production in Guam

In value terms, roots and tubers production amounted to $X in 2018 estimated in export prices. Over the period under review, roots and tubers production continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2011 when production volume increased by X% year-to-year. Guam roots and tubers production peaked at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Average yield of roots and tubers in Guam amounted to X ton per ha in 2018, declining by -X% against the previous year. In general, the roots and tubers yield continues to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, the roots and tubers yield attained its maximum level at X ton per ha in 2007; however, from 2008 to 2018, 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 2018, the harvested area of roots and tubers in Guam amounted to X ha, picking up by X% against the previous year. In general, the total harvested area indicated a buoyant expansion from 2007 to 2018: its figure increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, roots and tubers harvested area increased by +X% against 2007 indices. The growth pace was the most rapid in 2015 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to roots and tubers production attained its maximum in 2018 and is likely to see steady growth in the immediate term.

Roots And Tubers Exports

Exports from Guam

In 2018, approx. X kg of roots and tubers were exported from Guam; picking up by X% against the previous year. In general, roots and tubers exports continue to indicate remarkable growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, roots and tubers exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, roots and tubers exports stood at $X in 2018. Over the period under review, roots and tubers exports continue to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. In that year, roots and tubers exports attained their peak of $X. From 2016 to 2018, the growth of roots and tubers exports remained at a lower figure.

Exports by Country

Thailand represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Cambodia (X tons) and the U.S. (X tons), together creating a X% share of total exports. Vietnam (X tons), Lao People's Democratic Republic (X tons), China (X tons) and Costa Rica (X tons) occupied a little share of total exports.

From 2007 to 2018, average annual rates of growth with regard to roots and tubers exports from Thailand stood at +X%. At the same time, Cambodia (+X%), Lao People's Democratic Republic (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Vietnam (-X%), Costa Rica (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Thailand, Cambodia, the U.S. and Lao People's Democratic Republic increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest roots and tubers supplier from Guam, comprising X% of global exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of global exports. It was followed by Vietnam, with a X% share.

In Thailand, roots and tubers exports expanded at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2018, the roots and tubers export price in Guam amounted to $X per ton, lowering by -X% against the previous year. Overall, the roots and tubers export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. In that year, the export prices for roots and tubers reached their peak level of $X per ton. From 2016 to 2018, the growth in terms of the export prices for roots and tubers failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Vietnam ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic, while the other leaders experienced more modest paces of growth.

Roots And Tubers Imports

Imports into Guam

In 2018, approx. X tons of roots and tubers were imported into Guam; going up by X% against the previous year. Over the period under review, roots and tubers imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, roots and tubers imports attained their peak of X tons. From 2009 to 2018, the growth of roots and tubers imports failed to regain its momentum.

In value terms, roots and tubers imports totaled $X in 2018. In general, roots and tubers imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. In that year, roots and tubers imports attained their peak of $X. From 2009 to 2018, the growth of roots and tubers imports failed to regain its momentum.

Imports by Country

China dominates roots and tubers imports structure, accounting for X tons, which was approx. X% of total imports in 2018. The U.S. (X tons), the UK (X tons) and South Korea (X tons) held a relatively small share of total imports.

China was also the fastest-growing in terms of the roots and tubers imports, with a CAGR of +X% from 2007 to 2018. At the same time, the UK (+X%) and the U.S. (+X%) displayed positive paces of growth. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China increased by +X% percentage points, while South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported roots and tubers into Guam, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the UK (+X% per year).

Import Prices by Country

The roots and tubers import price in Guam stood at $X per ton in 2018, dropping by -X% against the previous year. In general, the import price indicated a notable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, roots and tubers import price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Guam import price peaked at $X per ton in 2011; however, from 2012 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform