Global Root And Tuber Market 2024

Root And Tuber Market Size

The global root and tuber market contracted modestly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Root And Tuber Production

In value terms, root and tuber production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

China (X tons) remains the largest root and tuber producing country worldwide, comprising approx. X% of total volume. Moreover, root and tuber production in China exceeded the figures recorded by the second-largest producer, Nigeria (X tons), twofold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and India (X% per year).

In 2022, the global average root and tuber yield amounted to X tons per ha, growing by X% compared with the year before. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2022, the growth of the average root and tuber yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of roots and tubers production worldwide dropped modestly to X ha, which is down by X% compared with the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then fell modestly in the following year.

Root And Tuber Exports

Exports

In 2022, approx. X tons of roots and tubers were exported worldwide; surging by X% against the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, root and tuber exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of X% 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 2013 when exports increased by X%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Thailand (X tons), distantly followed by France (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons) represented the main exporters of roots and tubers, together constituting X% of total exports. The following exporters - Pakistan (X tons), the United States (X tons), Vietnam (X tons), Egypt (X tons), Canada (X tons), China (X tons), India (X tons) and Spain (X tons) - together made up X% of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Pakistan (X%), Egypt (X%), Canada (X%), Spain (X%), the Netherlands (X%), France (X%), the United States (X%), Belgium (X%) and China (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.), Egypt (X p.p.) and France (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of global exports. The United States, Germany, Canada, China, Egypt, Belgium, Vietnam, Pakistan, Spain and India lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The global export price peaked at $X per ton in 2019; however, from 2020 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 China ($X per ton), while Germany ($X per ton) was amongst the lowest.

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

Root And Tuber Imports

Imports

In 2022, supplies from abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports reached $X in 2022. The total import value increased at an average annual rate of X% 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 2013 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons), distantly followed by Thailand (X tons), Belgium (X tons) and the Netherlands (X tons) were the largest importers of roots and tubers, together mixing up X% of total imports. Spain (X tons), the United States (X tons), Italy (X tons), Germany (X tons), Uzbekistan (X tons), France (X tons) and Portugal (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported roots and tubers worldwide, comprising X% of global imports. The second position in the ranking was held by Belgium ($X), with an X% share of global imports. It was followed by Thailand, with a X% share.

In China, root and tuber imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 the United States ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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