Denmark: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Denmark

In 2022, after two years of decline, there was significant growth in the Danish taro (cocoyam) market, when its value increased by 10,115% to $X. In general, consumption, however, saw a drastic downturn. Taro (cocoyam) consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Taro (Cocoyam) Production in Denmark

In value terms, taro (cocoyam) production reduced slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% 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 2015 when the production volume increased by 31%. As a result, production reached the peak level of $X. From 2016 to 2022, (cocoyam) production growth remained at a somewhat lower figure.

In 2022, the average yield of taro in Denmark amounted to less than X kg per ha, remaining stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The taro (cocoyam) harvested area in Denmark totaled less than X ha in 2022, remaining stable against the year before. Over the period under review, the harvested area showed a relatively flat trend pattern.

Taro (Cocoyam) Exports

Exports from Denmark

In 2022, overseas shipments of taro decreased by -71.4% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 767%. Over the period under review, the (cocoyam) exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, taro (cocoyam) exports fell remarkably to $X in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 773% against the previous year. Over the period under review, the (cocoyam) exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X kg), Finland (X kg) and Iceland (X kg) were the main destinations of taro (cocoyam) exports from Denmark, with a combined 94% share of total exports.

From 2013 to 2022, the biggest increases were recorded for Finland (with a CAGR of +5.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for taro (cocoyam) exported from Denmark were Sweden ($X), Finland ($X) and Iceland ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Finland, with a CAGR of +10.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average taro (cocoyam) export price amounted to $X per ton, increasing by 42% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +5.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+5.6%).

Taro (Cocoyam) Imports

Imports into Denmark

In 2022, purchases abroad of taro increased by 13,473% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, taro (cocoyam) imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of taro (cocoyam) imports to Denmark, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +49.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Vietnam ($X) and Germany ($X) appeared to be the largest taro (cocoyam) suppliers to Denmark, together comprising 93% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +39.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average taro (cocoyam) import price amounted to $X per ton, reducing by -19.7% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +10.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 148% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :