Asia-Pacific: Root And Tuber Market 2024

Root And Tuber Market Size in Asia-Pacific

The Asia-Pacific root and tuber market dropped modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Asia-Pacific

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% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat 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 a 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 reached X tons per ha in 2022, picking up by X% against the year before. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. The level of yield peaked 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.

In 2022, the total area harvested in terms of roots and tubers production in Asia-Pacific reduced slightly to X ha, with a decrease of X% against the year before. In general, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X% against the previous year. As a result, the harvested area reached the peak level of X ha, and then shrank in the following year.

Root And Tuber Exports

Exports in Asia-Pacific

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a modest 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports rose remarkably to $X in 2022. Total exports indicated a notable expansion 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. 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, accounting for X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%), China (X%) and India (X%). Lao People's Democratic Republic (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, Lao People's Democratic Republic (X%), India (X%), Pakistan (X%) and China (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Pakistan, India and Lao People's Democratic Republic increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Thailand, root and tuber exports increased at an average annual rate of X% over the period from 2012-2022. 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-Pacific stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked 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 Lao People's Democratic Republic ($X per ton), while India ($X per ton) was amongst the lowest.

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

Root And Tuber Imports

Imports in Asia-Pacific

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 noticeable increase 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 attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports skyrocketed to $X in 2022. Total imports indicated a temperate expansion 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China was the main importer of roots and tubers in Asia-Pacific, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), mixing up a X% share of total imports. The following importers - South Korea (X tons), Afghanistan (X tons), Nepal (X tons), Malaysia (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X%. The level of import peaked at $X per ton in 2021, and then contracted slightly in the following year.

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 Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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