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India - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIndia: Taro (Cocoyam) Market 2024
Taro (Cocoyam) Market Size in India
In 2023, the Indian taro (cocoyam) market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a deep downturn. Taro (cocoyam) consumption peaked at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.
Taro (Cocoyam) Production in India
In value terms, taro (cocoyam) production soared to $X in 2023 estimated in export price. Overall, production enjoyed resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The average yield of taro in India stood at less than X kg per ha in 2023, remaining relatively unchanged against the year before. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the taro (cocoyam) harvested area in India stood at less than X ha, almost unchanged from 2022. In general, the harvested area continues to indicate a relatively flat trend pattern.
Taro (Cocoyam) Exports
Exports from India
In 2023, approx. X tons of taro were exported from India; increasing by X% against the previous year's figure. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the (cocoyam) exports hit record highs in 2023 and are expected to retain growth in years to come.
In value terms, taro (cocoyam) exports soared to $X in 2023. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the (cocoyam) exports attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.
Exports by Country
Kuwait (X tons) was the main destination for taro (cocoyam) exports from India, accounting for a X% share of total exports. Moreover, taro (cocoyam) exports to Kuwait exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a X% share.
From 2014 to 2023, the average annual growth rate of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Germany (X% per year).
In value terms, Kuwait ($X) remains the key foreign market for taro exports from India, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by the United Arab Emirates, with a X% share.
From 2014 to 2023, the average annual growth rate of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United Arab Emirates (X% per year).
Export Prices by Country
In 2023, the average taro (cocoyam) export price amounted to $X per ton, jumping by X% against the previous year. Over the last nine years, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.
From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.
Taro (Cocoyam) Imports
Imports into India
Taro (cocoyam) imports into India contracted notably to X kg in 2023, shrinking by X% compared with 2022. Overall, imports, however, saw significant growth. Over the period under review, (cocoyam) imports reached the maximum at X kg in 2022, and then contracted rapidly in the following year.
In value terms, taro (cocoyam) imports plummeted to $X in 2023. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, (cocoyam) imports hit record highs at $X in 2022, and then reduced notably in the following year.
Imports by Country
In 2023, Taiwan (Chinese) (X kg) was the main taro (cocoyam) supplier to India, accounting for a X% share of total imports. It was followed by Brazil (X kg), with a X% share of total imports.
From 2018 to 2023, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%.
In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of taro to India, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports.
From 2018 to 2023, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at X%.
Import Prices by Country
The average taro (cocoyam) import price stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Brazil totaled $X per ton.
From 2018 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the taro (cocoyam) market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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