Report Update Nov 1, 2024

Puerto Rico - Taro - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Exports

Exports by Country

China was the major exporting country with an export of around X tons, which amounted to 43% of total exports. It was distantly followed by Mexico (X tons), Ecuador (X tons) and Costa Rica (X tons), together constituting a 33% share of total exports. Nicaragua (X tons), Fiji (X tons), Vietnam (X tons), Indonesia (X tons), the United States (X tons) and Honduras (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to taro (cocoyam) exports from China stood at -1.1%. At the same time, Indonesia (+56.0%), Mexico (+41.2%), Vietnam (+28.1%), the United States (+22.7%), Costa Rica (+15.2%) and Fiji (+7.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.0% from 2012-2021. Nicaragua experienced a relatively flat trend pattern. By contrast, Ecuador (-1.0%) and Honduras (-4.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico, Costa Rica, Indonesia and Vietnam increased by +14, +3.1, +2.2 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest taro (cocoyam) supplier from Puerto Rico, comprising 45% of global exports. The second position in the ranking was held by Ecuador ($X), with a 14% share of global exports. It was followed by Fiji, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to -1.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+4.5% per year) and Fiji (+13.3% per year).

Taro (Cocoyam) Imports

Imports by Country

The United States represented the largest importer of taro in the world, with the volume of imports resulting at X tons, which was near 44% of total imports in 2021. It was distantly followed by Japan (X tons), constituting a 22% share of total imports. The United Arab Emirates (X tons), Malaysia (X tons), Vietnam (X tons), New Zealand (X tons), Canada (X tons), Burundi (X tons), Australia (X tons), the Netherlands (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +45.5% from 2012 to 2021. At the same time, Burundi (+92.1%), Vietnam (+66.1%), Taiwan (Chinese) (+39.5%), Malaysia (+19.2%), the Netherlands (+9.9%), Canada (+7.6%), Australia (+3.5%) and Singapore (+1.7%) displayed positive paces of growth. Moreover, Burundi emerged as the fastest-growing importer imported in the world, with a CAGR of +92.1% from 2012-2021. By contrast, the United Arab Emirates (-1.3%), New Zealand (-2.4%) and Japan (-3.2%) illustrated a downward trend over the same period. While the share of the United States (+41 p.p.), Vietnam (+3.2 p.p.), Malaysia (+2.3 p.p.) and Burundi (+2.1 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of New Zealand (-4.5 p.p.), the United Arab Emirates (-6.1 p.p.) and Japan (-38.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest taro (cocoyam) importing markets into Puerto Rico were Japan ($X), the United States ($X) and Australia ($X), with a combined 70% share of total imports. New Zealand, Vietnam, Canada, the Netherlands, Malaysia, Singapore, the United Arab Emirates, Taiwan (Chinese) and Burundi lagged somewhat behind, together accounting for a further 20%.

Burundi, with a CAGR of +92.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for taro in the world?

The countries with the highest volumes of taro cocoyam) consumption in 2020 were Nigeria, Cameroon and China, together accounting for 56% of global consumption. These countries were followed by Ethiopia, Ghana, Papua New Guinea, Burundi, Madagascar and Rwanda, which together accounted for a further 31%.

What are the largest producers of taro in the world?

The countries with the highest volumes of taro cocoyam) production in 2020 were Nigeria, China and Cameroon, together accounting for 57% of global production. These countries were followed by Ethiopia, Ghana, Papua New Guinea and Burundi, which together accounted for a further 27%.

What are the leading suppliers of taro to Puerto Rico?

In value terms, the U.S., Japan and New Zealand constituted the countries with the highest levels of imports in 2020, together accounting for 77% of total imports.

What are the leading importers of taro from Puerto Rico?

In value terms, China remains the largest taro cocoyam) supplier from Puerto Rico, comprising 53% of global exports. The second position in the ranking was occupied by Ecuador, with a 14% share of global exports. It was followed by Fiji, with a 10% share.

What is the average export price for taro in Puerto Rico?

The taro cocoyam) export price in Puerto Rico stood at $0 per ton in 2020, approximately reflecting the previous year.

What is the average import price for taro in Puerto Rico?

The taro cocoyam) import price in Puerto Rico stood at $0 per ton in 2020, stabilizing at the previous year.

This report provides an in-depth analysis of the taro (cocoyam) market in Puerto Rico. 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:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023