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SADC - Taro - Market Analysis, Forecast, Size, Trends and Insights

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SADC: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in SADC

The SADC taro (cocoyam) market declined to $X in 2022, dropping by -2.1% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 6.1%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Taro (Cocoyam) Production in SADC

In value terms, taro (cocoyam) production reduced to $X in 2022 estimated in export price. Overall, production recorded a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by 12% against the previous year. Over the period under review, (cocoyam) production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Madagascar (X tons) constituted the country with the largest volume of taro (cocoyam) production, accounting for 74% of total volume. Moreover, taro (cocoyam) production in Madagascar exceeded the figures recorded by the second-largest producer, Democratic Republic of the Congo (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Madagascar was relatively modest. In the other countries, the average annual rates were as follows: Democratic Republic of the Congo (+0.3% per year) and Comoros (+1.0% per year).

In 2022, the average taro (cocoyam) yield in SADC amounted to X tons per ha, approximately mirroring 2021 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 0.6% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the taro (cocoyam) yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of taro in SADC shrank to X ha, almost unchanged from 2021 figures. Overall, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 1%. The level of harvested area peaked at X ha in 2021, and then shrank slightly in the following year.

Taro (Cocoyam) Exports

Exports in SADC

Taro (cocoyam) exports skyrocketed to X tons in 2022, rising by 316% compared with the previous year. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 637% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, taro (cocoyam) exports soared to $X in 2022. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of 455%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Madagascar (X tons) represented roughly 99% of total exports in 2022.

Madagascar was also the fastest-growing in terms of the taro exports, with a CAGR of +15.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Madagascar ($X) also remains the largest taro (cocoyam) supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in Madagascar stood at +11.3%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, with a decrease of -20.7% against the previous year. Over the period under review, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by 22% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Madagascar.

From 2012 to 2022, the rate of growth in terms of prices for Madagascar amounted to -3.5% per year.

Taro (Cocoyam) Imports

Imports in SADC

In 2022, purchases abroad of taro increased by 23% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 876% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, taro (cocoyam) imports fell to $X in 2022. In general, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 542%. Over the period under review, (cocoyam) imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Comoros (X tons) represented roughly 98% of total imports in 2022.

Comoros was also the fastest-growing in terms of the taro imports, with a CAGR of +90.1% from 2012 to 2022. Comoros (+96 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Comoros ($X) constitutes the largest market for imported taro in SADC.

In Comoros, taro (cocoyam) imports expanded at an average annual rate of +73.0% over the period from 2012-2022.

Import Prices by Country

The import price in SADC stood at $X per ton in 2022, waning by -25.1% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2013 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Comoros amounted to -9.0% per year.

Source: IndexBox Platform

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

Angola
Botswana
Comoros
Democratic Republic of the Congo
Lesotho
Madagascar
Malawi
Mauritius
Mozambique
Namibia
Seychelles
South Africa
Swaziland
Tanzania
Zambia
Zimbabwe

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in SADC, split by region and country
Trade (exports and imports) in SADC
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. CONSUMPTION BY COUNTRY
3. 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 VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. HARVESTED AREA AND YIELD BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Angola
- Botswana
- Comoros
- Democratic Republic of the Congo
- Lesotho
- Madagascar
- Malawi
- Mauritius
- Mozambique
- Namibia
- Seychelles
- South Africa
- Swaziland
- Tanzania
- Zambia
- Zimbabwe
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
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