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Czech Republic - Taro - Market Analysis, Forecast, Size, Trends and Insights

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Czech Republic: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in the Czech Republic

In 2022, the Czech taro (cocoyam) market decreased by -50.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, posted significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then contracted notably in the following year.

Taro (Cocoyam) Exports

Exports from the Czech Republic

In 2022, exports of taro from the Czech Republic contracted sharply to X tons, which is down by -57.7% against 2021. In general, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 19,240% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the (cocoyam) exports remained at a somewhat lower figure.

In value terms, taro (cocoyam) exports shrank dramatically to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 12,710%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the (cocoyam) exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for taro (cocoyam) exports from the Czech Republic, accounting for a 77% share of total exports. Moreover, taro (cocoyam) exports to Germany exceeded the volume sent to the second major destination, Hungary (X kg), sixfold. Slovakia (X kg) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +66.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+41.1% per year) and Slovakia (+45.3% per year).

In value terms, Germany ($X) remains the key foreign market for taro exports from the Czech Republic, comprising 80% of total exports. The second position in the ranking was taken by Hungary ($X), with an 8.8% share of total exports. It was followed by Slovakia, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +85.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+56.2% per year) and Slovakia (+64.3% per year).

Export Prices by Country

In 2022, the average taro (cocoyam) export price amounted to $X per ton, picking up by 29% against the previous year. In general, the export price posted buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 68% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Taro (Cocoyam) Imports

Imports into the Czech Republic

In 2022, after three years of growth, there was significant decline in purchases abroad of taro, when their volume decreased by -55.5% to X tons. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,928%. Over the period under review, (cocoyam) imports reached the peak figure at X tons in 2021, and then plummeted in the following year.

In value terms, taro (cocoyam) imports shrank markedly to $X in 2022. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 2,035%. Over the period under review, (cocoyam) imports hit record highs at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, Vietnam (X tons) was the main supplier of taro (cocoyam) to the Czech Republic, with a 90% share of total imports. Moreover, taro (cocoyam) imports from Vietnam exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam stood at +31.7%.

In value terms, Vietnam ($X) constituted the largest supplier of taro to the Czech Republic, comprising 79% of total imports. The second position in the ranking was held by Cambodia ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to +36.5%.

Import Prices by Country

In 2022, the average taro (cocoyam) import price amounted to $X per ton, increasing by 16% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, taro (cocoyam) import price increased by +61.7% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 58% against the previous year. The import price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Cambodia ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for taro in the world?

The countries with the highest volumes of taro cocoyam) consumption in 2020 were Nigeria, Cameroon and China, together accounting for 56% of global consumption. Ethiopia, Ghana, Papua New Guinea, Burundi, Madagascar and Rwanda lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of taro in the world?

The countries with the highest volumes of taro cocoyam) production in 2020 were Nigeria, China and Cameroon, together accounting for 57% of global production. Ethiopia, Ghana, Papua New Guinea and Burundi lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of taro to the Czech Republic?

In value terms, Vietnam constituted the largest supplier of taro cocoyam) to the Czech Republic, comprising 94% of total imports. The second position in the ranking was occupied by the Netherlands, with a 4.7% share of total imports.

What are the leading importers of taro from the Czech Republic?

In value terms, Slovakia emerged as the key foreign market for taro cocoyam) exports from the Czech Republic, comprising 77% of total exports. The second position in the ranking was occupied by Germany, with a 18% share of total exports.

What is the average export price for taro in the Czech Republic?

The average taro cocoyam) export price stood at $2,272 per ton in 2020, remaining stable against the previous year.

What is the average import price for taro in the Czech Republic?

In 2020, the average taro cocoyam) import price amounted to $1,513 per ton, declining by -26.3% against the previous year.

This report provides an in-depth analysis of the taro (cocoyam) market in the Czech Republic. 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:

Czech Republic

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Czech Republic
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023