Report Update Nov 1, 2024

Saudi Arabia - Taro - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Saudi Arabia

The Saudi taro (cocoyam) market fell modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, continues to indicate a precipitous curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Taro (Cocoyam) Production in Saudi Arabia

In value terms, taro (cocoyam) production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 29%. Taro (cocoyam) production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average taro (cocoyam) yield in Saudi Arabia was estimated at less than X kg per ha, standing approx. at the previous year. 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.

In 2022, the taro (cocoyam) harvested area in Saudi Arabia totaled less than X ha, remaining constant against 2021 figures. Overall, the harvested area saw a relatively flat trend pattern.

Taro (Cocoyam) Exports

Exports from Saudi Arabia

In 2020, exports of taro from Saudi Arabia amounted to X tons, approximately mirroring 2019 figures. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2019. Over the period under review, the (cocoyam) exports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, taro (cocoyam) exports stood at $X in 2020. Over the period under review, exports posted significant growth. The smallest decline of 99.9% was in 2019. The exports peaked in 2020 and are likely to see gradual growth in the near future.

Exports by Country

Oman (X tons) was the main destination for taro (cocoyam) exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2018 to 2020, the average annual rate of growth in terms of volume to Oman was relatively modest.

From 2018 to 2020, the average annual rate of growth in terms of value to Oman was relatively modest.

Export Prices by Country

In 2020, the average taro (cocoyam) export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price posted a significant increase. The pace of growth appeared the most rapid in 2019 a decrease of 99.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2020 and is likely to see gradual growth in the near future.

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

From 2018 to 2020, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Taro (Cocoyam) Imports

Imports into Saudi Arabia

In 2014, after two years of growth, there was significant decline in supplies from abroad of taro, when their volume decreased by -71.5% to X tons. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 8.4% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, taro (cocoyam) imports declined dramatically to $X in 2014. Overall, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2013 with an increase of 11% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2014, Egypt (X tons) constituted the largest taro (cocoyam) supplier to Saudi Arabia, accounting for a approx. 79% share of total imports.

From 2012 to 2014, the average annual rate of growth in terms of volume from Egypt totaled +30.9%.

In value terms, Egypt ($X) constituted the largest supplier of taro to Saudi Arabia.

From 2012 to 2014, the average annual growth rate of value from Egypt amounted to +14.8%.

Import Prices by Country

In 2014, the average taro (cocoyam) import price amounted to $X per ton, with a decrease of -13.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.1%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2014, the rate of growth in terms of prices for China amounted to -6.1% per year.

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, with a combined 56% share of global consumption. Ethiopia, Ghana, Papua New Guinea, Burundi, Madagascar and Rwanda lagged somewhat behind, together comprising 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 Saudi Arabia?

In value terms, Egypt constituted the largest supplier of taro cocoyam) to Saudi Arabia.

What is the average export price for taro in Saudi Arabia?

In 2020, the average taro cocoyam) export price amounted to $400 per ton, leveling off at the previous year.

What is the average import price for taro in Saudi Arabia?

The average taro cocoyam) import price stood at $592 per ton in 2014, reducing by -13.6% against the previous year.

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

Saudi Arabia

Data coverage:

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