Asia: Root And Tuber Market 2024

Root And Tuber Market Size in Asia

The Asian root and tuber market contracted slightly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Root And Tuber Production in Asia

In value terms, root and tuber production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The country with the largest volume of root and tuber production was China (X tons), comprising approx. X% of total volume. Moreover, root and tuber production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was held by Thailand (X tons), with an X% share.

In China, root and tuber production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (X% per year) and Thailand (X% per year).

The average root and tuber yield rose modestly to X tons per ha in 2022, with an increase of X% compared with 2021. Overall, the yield recorded a relatively flat trend pattern. Over the period under review, the root and tuber yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area dropped modestly to X ha in 2022, waning by X% on the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then reduced modestly in the following year.

Root And Tuber Exports

Exports in Asia

In 2022, overseas shipments of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated slight growth from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Thailand prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. Pakistan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%) and China (X%). India (X tons), Kazakhstan (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to root and tuber exports from Thailand stood at X%. At the same time, Kazakhstan (X%), India (X%), Iran (X%), Pakistan (X%) and China (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Pakistan (X p.p.), India (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest root and tuber supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Root And Tuber Imports

Imports in Asia

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a notable expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports soared to $X in 2022. Total imports indicated temperate 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China represented the main importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Thailand (X tons), constituting a X% share of total imports. Uzbekistan (X tons), South Korea (X tons), the United Arab Emirates (X tons), Afghanistan (X tons), Nepal (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported roots and tubers in Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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