Latin America and the Caribbean: Yams Market 2024

Yams Market Size in Latin America and the Caribbean

The Latin American yams market contracted slightly to $X in 2022, almost unchanged from the previous year. Overall, consumption, however, showed a perceptible decrease. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Yams Production in Latin America and the Caribbean

In value terms, yams production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The countries with the highest volumes of production in 2022 were Colombia (X tons), Brazil (X tons) and Jamaica (X tons), with a combined X% share of total production.

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

The average yams yield rose to X tons per ha in 2022, picking up by X% against the previous year. In general, the yield, however, saw a mild curtailment. The growth pace was the most rapid in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the yams 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.

The yams harvested area fell modestly to X ha in 2022, with a decrease of X% compared with 2021. In general, the harvested area showed a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2015 to 2022, the growth of the yams harvested area remained at a lower figure.

Yams Exports

Exports in Latin America and the Caribbean

In 2022, after three years of growth, there was decline in overseas shipments of yams, when their volume decreased by X% to X tons. Total exports indicated a temperate expansion from 2012 to 2022: its volume 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 2015 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, yams exports declined modestly to $X in 2022. Total exports indicated a prominent increase 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 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Jamaica (X tons), distantly followed by Costa Rica (X tons), Colombia (X tons) and Brazil (X tons) represented the key exporters of yams, together committing X% of total exports. The Dominican Republic (X tons) followed a long way behind the leaders.

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

In value terms, Jamaica ($X) remains the largest yams supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports. It was followed by Brazil, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Jamaica totaled X%. In the other countries, the average annual rates were as follows: Costa Rica (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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 Jamaica ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Yams Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of yams increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, yams imports soared to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Cayman Islands (X tons), distantly followed by Argentina (X tons), Bahamas (X tons), Mexico (X tons), Barbados (X tons), Aruba (X tons), Haiti (X tons), Trinidad and Tobago (X tons) and Saint Maarten (Dutch part) (X tons) represented the key importers of yams, together mixing up X% of total imports.

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

In value terms, the largest yams importing markets in Latin America and the Caribbean were Cayman Islands ($X), Bahamas ($X) and Argentina ($X), with a combined X% share of total imports.

Bahamas, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Bahamas ($X per ton), while Barbados ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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