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

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Spain: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in Spain

In 2022, after two years of growth, there was significant decline in the Spanish taro (cocoyam) market, when its value decreased by -9.4% to $X. In general, consumption, however, showed significant growth. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Taro (Cocoyam) Exports

Exports from Spain

Taro (cocoyam) exports from Spain stood at X tons in 2022, picking up by 6.1% against the previous year. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 1,080% against the previous year. Over the period under review, the (cocoyam) exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, taro (cocoyam) exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,922% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X tons), Italy (X tons) and Portugal (X tons) were the main destinations of taro (cocoyam) exports from Spain, together comprising 90% of total exports. Belgium and the Netherlands lagged somewhat behind, together comprising a further 5.1%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +146.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for taro (cocoyam) exported from Spain were France ($X), Italy ($X) and Portugal ($X), together accounting for 88% of total exports. Belgium and the Netherlands lagged somewhat behind, together accounting for a further 6.2%.

In terms of the main countries of destination, Belgium, with a CAGR of +108.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average taro (cocoyam) export price stood at $X per ton in 2022, jumping by 39% against the previous year. In general, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 156% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Taro (Cocoyam) Imports

Imports into Spain

After two years of growth, overseas purchases of taro decreased by -29.2% to X tons in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2013 with an increase of 105%. Over the period under review, (cocoyam) imports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, taro (cocoyam) imports expanded sharply to $X in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 146%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest taro (cocoyam) supplier to Spain, accounting for a 55% share of total imports. Moreover, taro (cocoyam) imports from Ecuador exceeded the figures recorded by the second-largest supplier, Costa Rica (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Ecuador amounted to +92.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+22.7% per year) and China (-2.4% per year).

In value terms, Ecuador ($X) constituted the largest supplier of taro to Spain, comprising 58% of total imports. The second position in the ranking was taken by Costa Rica ($X), with a 21% share of total imports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador stood at +110.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+28.0% per year) and China (+3.0% per year).

Import Prices by Country

In 2022, the average taro (cocoyam) import price amounted to $X per ton, with an increase of 56% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+9.5%), while the prices for the other major suppliers 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, with a combined 56% share of global consumption. Ethiopia, Ghana, Papua New Guinea, Burundi, Madagascar and Rwanda lagged somewhat behind, together accounting 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 Spain?

In value terms, Costa Rica constituted the largest supplier of taro cocoyam) to Spain, comprising 72% of total imports. The second position in the ranking was occupied by the Netherlands, with a 5.9% share of total imports. It was followed by China, with a 5.6% share.

What are the leading importers of taro from Spain?

In value terms, Portugal remains the key foreign market for taro cocoyam) exports from Spain, comprising 45% of total exports. The second position in the ranking was occupied by Italy, with a 21% share of total exports. It was followed by France, with a 12% share.

What is the average export price for taro in Spain?

In 2020, the average taro cocoyam) export price amounted to $1,974 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for taro in Spain?

The average taro cocoyam) import price stood at $1,575 per ton in 2020, flattening at the previous year.

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

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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How to outsource production to other countries
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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