Report Hong Kong SAR, China - Taro - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Hong Kong SAR, China - Taro - Market Analysis, Forecast, Size, Trends and Insights
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Hong Kong SAR, China: Taro (Cocoyam) Market 2022

Taro (Cocoyam) Market Size in Hong Kong SAR, China

In 2021, the Hong Kong taro (cocoyam) market increased by X% to $X, rising for the sixth year in a row after two years of decline. In general, consumption, however, saw a resilient expansion. Taro (cocoyam) consumption peaked in 2021 and is likely to continue growth in the near future.

Taro (Cocoyam) Exports

Exports from Hong Kong SAR, China

Taro (cocoyam) exports from Hong Kong SAR soared to X tons in 2021, increasing by X% on 2020 figures. Overall, exports, however, saw a dramatic descent. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, taro (cocoyam) exports surged to $X in 2021. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for taro (cocoyam) exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by Macao SAR (X kg), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled -X%.

In value terms, Singapore ($X) remains the key foreign market for taro (cocoyam) exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Macao SAR ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -X%.

Export Prices by Country

In 2021, the average taro (cocoyam) export price amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%).

Taro (Cocoyam) Imports

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of taro decreased by -X% to X tons in 2021. Overall, imports showed a perceptible descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of (cocoyam) imports remained at a somewhat lower figure.

In value terms, taro (cocoyam) imports skyrocketed to $X in 2021. In general, imports, however, showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of taro (cocoyam) to Hong Kong SAR, with a X% share of total imports. Moreover, taro (cocoyam) imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Japan (-X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of taro (cocoyam) to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and China (+X% per year).

Import Prices by Country

In 2021, the average taro (cocoyam) import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for taro in the world?
+
The countries with the highest volumes of in 2021 were Nigeria, China and Cameroon, with a combined 56% share of global consumption. These countries were followed by Ethiopia, Ghana, Papua New Guinea, Burundi and Madagascar, which together accounted for a further 30%.
What are the largest producers of taro in the world?
+
The countries with the highest volumes of in 2021 were Nigeria, China and Cameroon, together comprising 57% of global production. These countries were followed by Ethiopia, Ghana, Papua New Guinea and Burundi, which together accounted for a further 28%.
What are the leading suppliers of taro to Hong Kong SAR, China?
+
In value terms, Taiwan Chinese) constituted the largest supplier of taro cocoyam) to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was held by Japan, with a 5.3% share of total imports.
What are the leading importers of taro from Hong Kong SAR, China?
+
In value terms, Singapore remains the key foreign market for taro cocoyam) exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was held by Macao SAR $298), with a 2.3% share of total exports.
What is the average export price for taro in Hong Kong SAR, China?
+
In 2021, the average taro cocoyam) export price amounted to $3,093 per ton, surging by 9.5% against the previous year.
What is the average import price for taro in Hong Kong SAR, China?
+
The average taro cocoyam) import price stood at $4,802 per ton in 2021, rising by 67% against the previous year.

This report provides an in-depth analysis of the taro (cocoyam) market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 136 - Taro (Cocoyam)
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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