Thailand: Taro (Cocoyam) Market 2025

Taro (Cocoyam) Market Size in Thailand

The Thai taro (cocoyam) market amounted to $X in 2022, stabilizing at the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Taro (Cocoyam) Production in Thailand

In value terms, taro (cocoyam) production dropped to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 101% against the previous year. Taro (cocoyam) production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average taro (cocoyam) yield in Thailand was estimated at X tons per ha, standing approx. at the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 5.8% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2017 to 2022, the growth of the average taro (cocoyam) yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of taro were harvested in Thailand; approximately mirroring 2021 figures. The harvested area increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 5.6%. Over the period under review, the harvested area dedicated to taro (cocoyam) production attained the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Taro (Cocoyam) Exports

Exports from Thailand

In 2022, overseas shipments of taro decreased by -79.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,163% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the (cocoyam) exports failed to regain momentum.

In value terms, taro (cocoyam) exports contracted dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2017 when exports increased by 243%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the (cocoyam) exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for taro (cocoyam) exports from Thailand, accounting for a 41% share of total exports. Moreover, taro (cocoyam) exports to Singapore exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +303.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+1.9% per year) and Malaysia (+41.4% per year).

In value terms, Australia ($X), Singapore ($X) and Malaysia ($X) appeared to be the largest markets for taro (cocoyam) exported from Thailand worldwide, with a combined 66% share of total exports.

Singapore, with a CAGR of +146.6%, saw the highest growth rate of the value of exports, among the main countries of destination 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, rising by 110% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 110% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 China (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Taro (Cocoyam) Imports

Imports into Thailand

In 2022, taro (cocoyam) imports into Thailand surged to X tons, rising by 54% compared with 2021. Over the period under review, imports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 953% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of (cocoyam) imports remained at a somewhat lower figure.

In value terms, taro (cocoyam) imports fell markedly to $X in 2022. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 510%. Over the period under review, (cocoyam) imports hit record highs at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main taro (cocoyam) supplier to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -2.6%.

In value terms, China ($X) constituted the largest supplier of taro to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.6%.

Import Prices by Country

The average taro (cocoyam) import price stood at $X per ton in 2022, declining by -91.3% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 551%. As a result, import price reached the peak level of $X per ton, and then shrank notably 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 2022, the rate of growth in terms of prices for Indonesia amounted to +425.0% per year.

Source: IndexBox Platform

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