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United Arab Emirates - Taro - Market Analysis, Forecast, Size, Trends and Insights

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United Arab Emirates: Taro (Cocoyam) Market 2024

Taro (Cocoyam) Market Size in the United Arab Emirates

The taro (cocoyam) market in the United Arab Emirates was finally on the rise to reach $X in 2022, after six years of decline. Overall, consumption showed a noticeable slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Taro (Cocoyam) Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of taro decreased by -4.9% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,178% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, taro (cocoyam) exports reduced to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 1,652%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Saudi Arabia (X tons), Kuwait (X tons) and Oman (X tons) were the main destinations of taro (cocoyam) exports from the United Arab Emirates, with a combined 88% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +114.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the largest markets for taro (cocoyam) exported from the United Arab Emirates worldwide, together comprising 88% of total exports.

Among the main countries of destination, Oman, with a CAGR of +132.7%, 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

In 2022, the average taro (cocoyam) export price amounted to $X per ton, with a decrease of -10.4% against the previous year. In general, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia ($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 Oman (+8.4%), while the prices for the other major destinations experienced a decline.

Taro (Cocoyam) Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of taro were imported into the United Arab Emirates; reducing by -3.2% against 2021 figures. In general, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of 164% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of (cocoyam) imports remained at a lower figure.

In value terms, taro (cocoyam) imports rose sharply to $X in 2022. Overall, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2015 with an increase of 63% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of (cocoyam) imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main taro (cocoyam) supplier to the United Arab Emirates, with a 93% share of total imports. Moreover, taro (cocoyam) imports from China exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+4.3% per year) and India (-6.8% per year).

In value terms, China ($X) constituted the largest supplier of taro to the United Arab Emirates, comprising 86% of total imports. The second position in the ranking was held by Bangladesh ($X), with an 8.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (-1.0% per year) and India (-11.4% per year).

Import Prices by Country

The average taro (cocoyam) import price stood at $X per ton in 2022, picking up by 10% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2014 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

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 comprising 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 the United Arab Emirates?

In value terms, China constituted the largest supplier of taro cocoyam) to the United Arab Emirates, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 6.9% share of total imports. It was followed by Bangladesh, with a 5.5% share.

What are the leading importers of taro from the United Arab Emirates?

In value terms, Kuwait emerged as the key foreign market for taro cocoyam) exports from the United Arab Emirates, comprising 2,535% of total exports. The second position in the ranking was occupied by Saudi Arabia, with a 1,232% share of total exports. It was followed by Oman, with a 1,109% share.

What is the average export price for taro in the United Arab Emirates?

In 2020, the average taro cocoyam) export price amounted to $378 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for taro in the United Arab Emirates?

The average taro cocoyam) import price stood at $504 per ton in 2020, approximately equating the previous year.

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

United Arab Emirates

Data coverage:

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

Reasons to buy this report:

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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