China - Taro - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTaro (cocoyam) Prices in China
China Taro (cocoyam) Export Price in September 2022
In September 2022, the taro (cocoyam) price amounted to $1,278 per ton (FOB, China), which is down by -12.6% against the previous month. Overall, the export price saw a pronounced downturn. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 7.2% month-to-month. As a result, the export price reached the peak level of $1,513 per ton. From August 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($1,696 per ton), while the average price for exports to Saudi Arabia ($657 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+32.7%), while the prices for the other major destinations experienced more modest paces of growth.
China Taro (cocoyam) Exports
In September 2022, approximately 5K tons of taro were exported from China; picking up by 33% compared with the month before. The total export volume increased at an average monthly rate of +11.5% over the period from June 2022 to September 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, taro (cocoyam) exports skyrocketed to $6.3M (IndexBox estimates) in September 2022. The total export value increased at an average monthly rate of +7.9% from June 2022 to September 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
China Taro (cocoyam) Exports by Country
Japan (2.3K tons) was the main destination for taro (cocoyam) exports from China, with a 47% share of total exports. Moreover, taro (cocoyam) exports to Japan exceeded the volume sent to the second major destination, the United Arab Emirates (926 tons), threefold. Vietnam (432 tons) ranked third in terms of total exports with an 8.7% share.
From June 2022 to September 2022, the average monthly rate of growth in terms of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (+29.9% per month) and Vietnam (+782.3% per month).
In value terms, Japan ($3.9M) remains the key foreign market for taro (cocoyam) exports from China, comprising 62% of total exports. The second position in the ranking was taken by the United Arab Emirates ($778K), with a 12% share of total exports. It was followed by Vietnam, with a 7% share.
From June 2022 to September 2022, the average monthly rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United Arab Emirates (+41.6% per month) and Vietnam (+1,070.3% per month).
This report provides an in-depth analysis of the taro (cocoyam) market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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Cassava, also known as manioc or yuca, is a versatile and starchy root vegetable that is widely consumed around the world. It is a staple food for millions of people, particularly in developing countries. While cassava is grown in many regions, certain countries have emerged as the top import markets for this crop. In this article, we will explore the world's best import markets for cassava and provide key statistics and figures to support our analysis. China: Leading the Cassava Import Market. China, with an import value of $2.0 billion in 2022, stands tall as the leading import market for cassava. The country's massive population and rising demand for alternative food sources have contributed to its strong position in the market. Cassava is used in various forms in Chinese cuisine, from steamed and boiled to mashed and fermented. The versatility and nutritional benefits of cassava have made it an attractive food option in the country. Thailand: A Key Player in the Cassava Market. Thailand takes the second spot on the list of top import markets for cassava, with an import value of $585.3 million in 2022. The country's rich agricultural resources and expertise in cassava production have propelled it to become a key player in the global cassava market. Thailand exports cassava in various forms, including fresh roots, dried chips, and processed products. Vietnam: A Growing Market for Cassava. Vietnam has shown significant growth in its cassava import market, with an import value of $162.6 million in 2022. The country's favorable climate and soil conditions make it an ideal location for cassava cultivation. Additionally, the increasing demand for cassava-based products, such as tapioca starch and flour, has contributed to Vietnam's rising import figures. South Korea: Importing Cassava for Various Uses. South Korea imports cassava worth $106.5 million in 2022, making it a notable player in the global cassava market. The country utilizes cassava for various purposes, including food, animal feed, and industrial applications. South Korean consumers enjoy cassava-based snacks, noodles, and beverages, reflecting the versatility of this root vegetable. United States: Embracing Cassava in its Culinary Scene. The United States is also a significant importer of cassava, with an import value of $90.2 million in 2022. Cassava has gained popularity within the country's diverse culinary scene, especially in Latin American and African cuisines. The United States is also a major supplier of processed cassava products, such as frozen fries and chips, to the global market. Netherlands, Spain, and Other European Markets. Several European countries have notable import markets for cassava. The Netherlands imports cassava worth $44.6 million in 2022, primarily for industrial applications and processing into starch and flour. Spain's import value stands at $11.4 million, driven by its diverse food industry. Other European countries, such as France and Canada, also import smaller amounts of cassava, with values of $10.4 million and $7.0 million, respectively. The Role of Market Intelligence Platforms. These statistics and figures have been derived from the IndexBox market intelligence platform, which provides valuable insights and data on various industries and markets worldwide. It enables businesses, researchers, and analysts to access accurate and up-to-date information to make informed decisions. Conclusion. The world's best import markets for cassava include China, Thailand, Vietnam, South Korea, and the United States. These countries have displayed significant demand for cassava, driven by factors such as population size, culinary preferences, and industrial applications. The import values for cassava in these markets showcase the growing prominence of this versatile root vegetable. With the help of market intelligence platforms like IndexBox, businesses can stay informed about the latest market trends and make strategic decisions to capitalize on the opportunities presented by the global cassava market.
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