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

Eastern Europe - Taro - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Europe: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Eastern Europe

After two years of growth, the East European taro (cocoyam) market decreased by -26% to $X in 2022. Over the period under review, consumption, however, continues to indicate a significant increase. The level of consumption peaked at $X in 2021, and then fell significantly in the following year.

Taro (Cocoyam) Production in Eastern Europe

In value terms, taro (cocoyam) production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 303%. Over the period under review, (cocoyam) production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were Ukraine (X tons), Belarus (X tons) and Bulgaria (X tons), with a combined 98% share of total production.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +12.6%), while production for the other leaders experienced a decline in the production figures.

Taro (Cocoyam) Exports

Exports in Eastern Europe

In 2022, overseas shipments of taro increased by 42% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2019 with an increase of 3,509% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, taro (cocoyam) exports soared to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 6,388% against the previous year. Over the period under review, the (cocoyam) exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Bulgaria prevails in exports structure, reaching X tons, which was near 96% of total exports in 2022. The Czech Republic (X tons) took a little share of total exports.

Bulgaria was also the fastest-growing in terms of the taro exports, with a CAGR of +56.0% from 2012 to 2022. The Czech Republic (-12.8%) illustrated a downward trend over the same period. While the share of Bulgaria (+96 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (-90.4 p.p.) displayed negative dynamics.

In value terms, Bulgaria ($X) remains the largest taro (cocoyam) supplier in Eastern Europe, comprising 87% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total exports.

In Bulgaria, taro (cocoyam) exports expanded at an average annual rate of +175.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 29% against the previous year. Overall, the export price recorded a mild increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 269% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+76.5%).

Taro (Cocoyam) Imports

Imports in Eastern Europe

For the fourth consecutive year, Eastern Europe recorded growth in purchases abroad of taro, which increased by 0.4% to X tons in 2022. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 249%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, taro (cocoyam) imports reduced to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 235% against the previous year. Over the period under review, (cocoyam) imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

Bulgaria represented the major importing country with an import of around X tons, which amounted to 50% of total imports. It was distantly followed by Russia (X tons), the Czech Republic (X tons) and Romania (X tons), together creating a 48% share of total imports. Poland (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +70.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest taro (cocoyam) importing markets in Eastern Europe were Bulgaria ($X), the Czech Republic ($X) and Russia ($X), together accounting for 81% of total imports.

In terms of the main importing countries, Bulgaria, with a CAGR of +158.9%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+51.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of taro cocoyam) consumption in 2020 were Russia, the Czech Republic and Hungary, together accounting for 85% of total consumption. Bulgaria, Romania, Ukraine and Poland lagged somewhat behind, together comprising a further 11%.
Belarus remains the largest taro cocoyam) producing country in Eastern Europe, comprising approx. 55% of total volume. Moreover, taro cocoyam) production in Belarus exceeded the figures recorded by the second-largest producer, Hungary, twofold. Ukraine ranked third in terms of total production with a 15% share.
In value terms, the largest taro cocoyam) supplying countries in Eastern Europe were Ukraine, the Czech Republic and Bulgaria, with a combined 89% share of total exports.
In value terms, the Czech Republic, Russia and Bulgaria appeared to be the countries with the highest levels of imports in 2020, together comprising 85% of total imports.
In 2020, the taro cocoyam) export price in Eastern Europe amounted to $1,185 per ton, surging by 14% against the previous year.
The taro cocoyam) import price in Eastern Europe stood at $1,025 per ton in 2020, falling by -44.9% against the previous year.

This report provides an in-depth analysis of the taro (cocoyam) market in Eastern Europe. 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 Eastern Europe, split by region and country
  • Trade (exports and imports) in Eastern Europe
  • 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
    • Belarus
    • Bulgaria
    • Czech Republic
    • Estonia
    • Hungary
    • Latvia
    • Lithuania
    • Moldova
    • Poland
    • Romania
    • Russia
    • Slovakia
    • Ukraine

  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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