![Report World - Taro - Market Analysis, Forecast, Size, Trends and Insights for 499$](/landing/img/reports/world-taro-market-analysis-forecast-size-trends-and-insights.webp)
World - Taro - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlobal Taro (Cocoyam) Market 2024
Taro (Cocoyam) Market Size
After two years of growth, the global taro (cocoyam) market decreased by X% to $X.3B in 2023. Over the period under review, consumption, however, recorded a strong expansion. Global consumption peaked at $X.4B in 2022, and then declined modestly in the following year.
Taro (Cocoyam) Production
In value terms, taro (cocoyam) production dropped slightly to $X.4B in 2023 estimated in export price. Overall, production, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, global (cocoyam) production reached the peak level at $X.8B in 2022, and then shrank modestly in the following year.
The country with the largest volume of taro (cocoyam) production was Nigeria (X tons), comprising approx. X% of total volume. Moreover, taro (cocoyam) production in Nigeria exceeded the figures recorded by the second-largest producer, China (X tons), fourfold. Cameroon (X tons) ranked third in terms of total production with a X% share.
In Nigeria, taro (cocoyam) production increased at an average annual rate of X% over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: China (X% per year) and Cameroon (X% per year).
The global average taro (cocoyam) yield amounted to X tons per ha in 2023, with an increase of X% on 2022 figures. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. The global yield peaked at X tons per ha in 2017; however, from 2018 to 2023, 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 2023, approx. X ha of taro were harvested worldwide; waning by X% against the previous year's figure. Over the period under review, the total harvested area indicated a pronounced expansion from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, taro (cocoyam) harvested area increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. The global harvested area peaked at X ha in 2022, and then reduced modestly in the following year.
Taro (Cocoyam) Exports
Exports
In 2023, overseas shipments of taro decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the global (cocoyam) exports remained at a lower figure.
In value terms, taro (cocoyam) exports contracted modestly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.
Exports by Country
China represented the main exporting country with an export of about X tons, which resulted at X% of total exports. Ecuador (X tons) ranks second in terms of the total exports with a X% share, followed by Costa Rica (X%), Nicaragua (X%) and Fiji (X%). The following exporters - the United States (X tons) and Indonesia (X tons) - each amounted to a X% share of total exports.
From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.
In value terms, China ($X) remains the largest taro (cocoyam) supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Ecuador ($X), with a X% share of global exports. It was followed by Fiji, with a X% share.
In China, taro (cocoyam) exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Fiji (X% per year).
Export Prices by Country
In 2023, the average taro (cocoyam) export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices hit record highs in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Nicaragua ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.
Taro (Cocoyam) Imports
Imports
In 2023, global taro (cocoyam) imports stood at X tons, approximately equating the previous year. Overall, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global (cocoyam) imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.
In value terms, taro (cocoyam) imports soared to $X in 2023. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global imports peaked in 2023 and are expected to retain growth in the near future.
Imports by Country
The United States represented the key importing country with an import of around X tons, which resulted at X% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held near X% share of total imports. Malaysia (X tons), New Zealand (X tons), China (X tons), Canada (X tons), Burundi (X tons), the Netherlands (X tons) and Australia (X tons) followed a long way behind the leaders.
From 2012 to 2023, average annual rates of growth with regard to taro (cocoyam) imports into the United States stood at X%. At the same time, Burundi (X%), China (X%), Malaysia (X%), the Netherlands (X%), Canada (X%) and Australia (X%) displayed positive paces of growth. Moreover, Burundi emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%), New Zealand (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.), Malaysia (X p.p.), China (X p.p.) and Burundi (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of New Zealand (X p.p.), the United Arab Emirates (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest taro (cocoyam) importing markets worldwide were the United States ($X), Japan ($X) and New Zealand ($X), together accounting for X% of global imports. Australia, Canada, the Netherlands, the United Arab Emirates, Malaysia, China and Burundi lagged somewhat behind, together comprising a further X%.
Burundi, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices by Country
The average taro (cocoyam) import price stood at $X per ton in 2023, rising by X% against the previous year. In general, import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, taro (cocoyam) import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Burundi ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global taro (cocoyam) market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
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
-
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
-
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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 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, 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, 2012–2023
Recommended reports
This report provides an in-depth analysis of the taro (cocoyam) market in Asia.
This report provides an in-depth analysis of the taro (cocoyam) market in the U.S..
This report provides an in-depth analysis of the taro (cocoyam) market in China.
This report provides an in-depth analysis of the taro (cocoyam) market in the EU.