France: Yams Market 2024

Yams Market Size in France

The French yams market expanded remarkably to $X in 2022, picking up by 9.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +67.3% against 2017 indices. Yams consumption peaked in 2022 and is expected to retain growth in the immediate term.

Yams Exports

Exports from France

In 2022, approx. X tons of yams were exported from France; jumping by 66% on the previous year. In general, exports continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 116% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, yams exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for yams exports from France, with a 69% share of total exports. Moreover, yams exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), sixfold. Belgium (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-16.1% per year) and Belgium (+28.7% per year).

In value terms, Spain ($X) remains the key foreign market for yams exports from France, comprising 54% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-15.8% per year) and Belgium (+27.4% per year).

Export Prices by Country

In 2022, the average yams export price amounted to $X per ton, with a decrease of -18.5% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($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 Costa Rica (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Yams Imports

Imports into France

For the fourth consecutive year, France recorded growth in purchases abroad of yams, which increased by 11% to X tons in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +103.1% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, yams imports reached $X in 2022. In general, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +85.2% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 32%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Costa Rica (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of yams imports to France, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +190.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X) constituted the largest supplier of yams to France, comprising 42% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Costa Rica amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+167.6% per year) and the Netherlands (+31.9% per year).

Import Prices by Country

The average yams import price stood at $X per ton in 2022, surging by 3.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 40%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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