Middle East: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in the Middle East

The Middle Eastern taro (cocoyam) market contracted to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Taro (Cocoyam) Production in the Middle East

In value terms, taro (cocoyam) production reached $X in 2022 estimated in export price. Overall, production saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, (cocoyam) production growth remained at a lower figure.

The countries with the highest volumes of production in 2022 were Turkey (X tons), Lebanon (X tons) and Palestine (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while production for the other leaders experienced a decline in the production figures.

In 2022, the average yield of taro in the Middle East rose to X tons per ha, picking up by X% compared with 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield stood 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, approx. X ha of taro were harvested in the Middle East; approximately equating 2021 figures. Overall, the harvested area continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to taro (cocoyam) production reached the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

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Taro (Cocoyam) Exports

Exports in the Middle East

In 2022, overseas shipments of taro increased by X% to X tons, rising for the sixth year in a row after four years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the (cocoyam) exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, taro (cocoyam) exports soared to $X in 2022. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the (cocoyam) exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Oman (X tons), constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to taro (cocoyam) exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman increased by X percentage points.

In value terms, the United Arab Emirates ($X) remains the largest taro (cocoyam) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, taro (cocoyam) exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($X per ton), while Oman stood at $X per ton.

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 the Middle East

In 2022, taro (cocoyam) imports in the Middle East contracted to X tons, with a decrease of X% on 2021 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of (cocoyam) imports failed to regain momentum.

In value terms, taro (cocoyam) imports declined to $X in 2022. Total imports indicated slight 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 pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained 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. It was distantly followed by Qatar (X tons), Kuwait (X tons), Bahrain (X tons) and Oman (X tons), together achieving a X% share of total imports. Lebanon (X tons) followed a long way behind the leaders.

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 the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Qatar, Kuwait, Bahrain and Oman increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported taro in the Middle East, comprising X% of total imports. The second position in the ranking was held by Qatar ($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 declined 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

In 2022, the import price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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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