MENA: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in MENA

The MENA's taro (cocoyam) market reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Taro (Cocoyam) Production in MENA

In value terms, taro (cocoyam) production expanded modestly to $X in 2022 estimated in export price. The total production indicated a modest 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, (cocoyam) production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, (cocoyam) production growth remained at a somewhat lower figure.

Egypt (X tons) constituted the country with the largest volume of taro (cocoyam) production, accounting for X% of total volume.

From 2012 to 2022, the average annual growth rate of volume in Egypt was relatively modest.

The average taro (cocoyam) yield stood at X tons per ha in 2022, approximately mirroring the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the taro (cocoyam) 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 2022, the total area harvested in terms of taro production in MENA stood at X ha, picking up by X% against the year before. The harvested area 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; afterwards, it flattened through to 2022.

Taro (Cocoyam) Exports

Exports in MENA

In 2022, shipments abroad of taro increased by X% to X tons, rising for the sixth consecutive year after four years of decline. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, taro (cocoyam) exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the (cocoyam) exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) and Egypt (X tons) prevails in exports structure, together mixing up X% of total exports. It was distantly followed by Oman (X tons), mixing up a X% share of total exports.

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

In value terms, the largest taro (cocoyam) supplying countries in MENA were Egypt ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a mild descent. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Taro (Cocoyam) Imports

Imports in MENA

In 2022, the amount of taro imported in MENA reduced slightly to X tons, waning by X% against 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of (cocoyam) imports remained at a somewhat lower figure.

In value terms, taro (cocoyam) imports shrank to $X in 2022. Total imports indicated modest growth 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, (cocoyam) imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of (cocoyam) imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X tons, which was approx. X% of total imports in 2022. Qatar (X tons) took the second position in the ranking, followed by Kuwait (X tons), Bahrain (X tons) and Oman (X tons). All these countries together held near X% share of total imports. Lebanon (X tons) took a minor share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of taro. At the same time, Bahrain (X%), Oman (X%), Qatar (X%), Kuwait (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Qatar (X p.p.), Kuwait (X p.p.), Bahrain (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported taro in MENA, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, taro (cocoyam) imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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