India: Yams Market 2024

Yams Market Size in India

The Indian yams market surged to $X in 2022, with an increase of 19% against the previous year. Over the period under review, consumption, however, recorded a mild reduction. Yams consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Yams Production in India

In value terms, yams production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of yams in India was estimated at less than X kg per ha, almost unchanged from the year before. Over the period under review, 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 yams harvested area in India stood at less than X ha in 2022, therefore, remained relatively stable against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Yams Exports

Exports from India

Yams exports from India declined to X tons in 2022, with a decrease of -7.9% on 2021. Overall, total exports indicated a buoyant increase from 2013 to 2022: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +2.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, yams exports totaled $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2013 to 2022: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for yams exports from India, accounting for a 85% share of total exports. Moreover, yams exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), eightfold.

From 2013 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+131.1% per year) and Oman (+24.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for yams exports from India, comprising 78% of total exports. The second position in the ranking was taken by Qatar ($X), with a 13% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+115.0% per year) and Oman (+17.5% per year).

Export Prices by Country

The average yams export price stood at $X per ton in 2022, rising by 18% against the previous year. Overall, the export price, however, recorded a perceptible decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (-3.6%), while the prices for the other major destinations experienced a decline.

Yams Imports

Imports into India

In 2022, supplies from abroad of yams decreased by -36.9% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 1,540%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, yams imports rose markedly to $X in 2022. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 805%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Nigeria (X tons) was the main yams supplier to India, accounting for a approx. 100% share of total imports.

From 2019 to 2022, the average annual growth rate of volume from Nigeria was relatively modest.

In value terms, Nigeria ($X) constituted the largest supplier of yams to India.

From 2019 to 2022, the average annual growth rate of value from Nigeria was relatively modest.

Import Prices by Country

In 2022, the average yams import price amounted to $X per ton, with an increase of 71% against the previous year. Overall, the import price showed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Nigeria.

From 2019 to 2022, the rate of growth in terms of prices for Nepal amounted to -26.7% per year.

Source: IndexBox Platform

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