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Report CIS - Taro - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

CIS - Taro - Market Analysis, Forecast, Size, Trends and Insights

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CIS: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in CIS

After two years of growth, the CIS taro (cocoyam) market decreased by -0.6% to $X in 2022. Overall, consumption saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Taro (Cocoyam) Production in CIS

In value terms, taro (cocoyam) production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 39%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Belarus (X tons) remains the largest taro (cocoyam) producing country in the CIS, comprising approx. 99% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in Belarus was relatively modest.

Taro (Cocoyam) Exports

Exports in CIS

In 2022, overseas shipments of taro were finally on the rise to reach X kg after six years of decline. Over the period under review, exports, however, faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 344%. Over the period under review, the (cocoyam) exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, taro (cocoyam) exports soared to $X in 2022. In general, exports, however, saw a sharp curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 156%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the (cocoyam) exports failed to regain momentum.

Exports by Country

Belarus (X kg) represented roughly 100% of total exports in 2022.

Belarus was also the fastest-growing in terms of the taro exports, with a CAGR of -28.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) also remains the largest taro (cocoyam) supplier in the CIS.

In Belarus, taro (cocoyam) exports declined by an average annual rate of -26.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -18.5% against the previous year. Over the period under review, the export price, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when the export price increased by 34% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +2.6% per year.

Taro (Cocoyam) Imports

Imports in CIS

In 2022, taro (cocoyam) imports in the CIS expanded rapidly to X tons, rising by 9.7% on 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 464%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, taro (cocoyam) imports fell to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 500% against the previous year. Over the period under review, (cocoyam) imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons) represented roughly 99% of total imports in 2022.

Russia was also the fastest-growing in terms of the taro imports, with a CAGR of +22.3% from 2012 to 2022. While the share of Russia (+6.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported taro in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +18.7%.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by -17.8% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 when the import price increased by 49% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The country with the largest volume of taro cocoyam) consumption was Russia, accounting for 95% of total volume. It was followed by Kazakhstan, with a 3% share of total consumption.
The country with the largest volume of taro cocoyam) production was Belarus, accounting for 100% of total volume.
In value terms, Belarus remains the largest taro cocoyam) supplier in the CIS.
In value terms, Russia constitutes the largest market for imported taro in the CIS, comprising 95% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 4.8% share of total imports.
The taro cocoyam) export price in the CIS stood at $349 per ton in 2020, approximately mirroring the previous year.
In 2020, the taro cocoyam) import price in the CIS amounted to $815 per ton, falling by -37.7% against the previous year.

This report provides an in-depth analysis of the taro (cocoyam) market in CIS. 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
  • Production in CIS, split by region and country
  • Trade (exports and imports) in CIS
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Armenia
    • Azerbaijan
    • Belarus
    • Kazakhstan
    • Kyrgyzstan
    • Moldova
    • Russia
    • Tajikistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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