MERCOSUR: Yams Market 2024

Yams Market Size in MERCOSUR

In 2023, the MERCOSUR yams market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Yams Production in MERCOSUR

In value terms, yams production soared to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a somewhat lower figure.

The countries with the highest volumes of production in 2023 were Colombia (X tons), Brazil (X tons) and Venezuela (X tons), with a combined X% share of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Colombia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average yams yield reached X tons per ha in 2023, stabilizing at 2022 figures. Overall, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the yield increased by X%. The level of yield peaked at X tons per ha in 2019; afterwards, it flattened through to 2023. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of yams production in MERCOSUR reached X ha, therefore, remained relatively stable against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2023, the growth of the yams harvested area remained at a lower figure.

Yams Exports

Exports in MERCOSUR

In 2023, yams exports in MERCOSUR totaled X tons, picking up by X% compared with 2022 figures. In general, exports posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, yams exports skyrocketed to $X in 2023. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The shipments of the two major exporters of yams, namely Colombia and Brazil, represented more than two-thirds of total export.

From 2012 to 2023, the biggest increases were recorded for Brazil (with a CAGR of X%).

In value terms, the largest yams supplying countries in MERCOSUR were Brazil ($X) and Colombia ($X).

Among the main exporting countries, Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Yams Imports

Imports in MERCOSUR

In 2023, approx. X tons of yams were imported in MERCOSUR; with a decrease of X% on the year before. Overall, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, yams imports declined to $X in 2023. Over the period under review, imports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Colombia (X tons), distantly followed by Argentina (X tons), Uruguay (X tons) and Suriname (X tons) represented the largest importers of yams, together committing X% of total imports. Guyana (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Uruguay (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Argentina ($X) and Uruguay ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decline. The growth pace was the most rapid in 2018 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform