Eastern Asia: Yams Market 2024

Yams Market Size in Eastern Asia

The East Asian yams market declined to $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, recorded a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Yams Production in Eastern Asia

In value terms, yams production fell slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by 36%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The country with the largest volume of yams production was Japan (X tons), comprising approx. 89% of total volume. Moreover, yams production in Japan exceeded the figures recorded by the second-largest producer, China (X tons), eightfold.

In Japan, yams production remained relatively stable over the period from 2012-2022.

The average yams yield was estimated at X tons per ha in 2022, surging by 1.8% compared with the previous year. In general, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 8%. Over the period under review, the yams yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the yams harvested area in Eastern Asia dropped to X ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the harvested area increased by 3% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Yams Exports

Exports in Eastern Asia

After four years of growth, shipments abroad of yams decreased by -3.7% to X tons in 2022. The total export volume increased at an average annual rate of +5.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 46%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, yams exports stood at $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +21.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) and Japan (X tons) represented the major exporter of yams in Eastern Asia, mixing up 100% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +6.2%).

In value terms, China ($X) and Japan ($X) were the countries with the highest levels of exports in 2022.

China, with a CAGR of +5.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 5.2% against the previous year. Over the period under review, the export price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2014 an increase of 21%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%).

Yams Imports

Imports in Eastern Asia

In 2022, purchases abroad of yams increased by 3.1% to X tons, rising for the third consecutive year after six years of decline. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% 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 +28.0% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 114% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, yams imports expanded markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) represented the largest importing country with an import of about X tons, which resulted at 59% of total imports. Japan (X tons) ranks second in terms of the total imports with a 19% share, followed by Macao SAR (11%) and China (6.7%). Hong Kong SAR (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to yams imports into Taiwan (Chinese) stood at +2.1%. At the same time, Macao SAR (+34.5%) and Hong Kong SAR (+28.5%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +34.5% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, China (-22.2%) illustrated a downward trend over the same period. While the share of Macao SAR (+11 p.p.), China (+6.7 p.p.) and Hong Kong SAR (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (-8.3 p.p.) and Taiwan (Chinese) (-12.4 p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 94% of total imports.

Hong Kong SAR, with a CAGR of +29.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, increasing by 3.2% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 25%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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