United Arab Emirates: Yams Market 2024

Yams Market Size in the United Arab Emirates

In 2022, the yams market in the United Arab Emirates increased by 1.3% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -29.7% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Yams Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of yams were exported from the United Arab Emirates; picking up by 11% compared with 2021. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 697% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, yams exports declined modestly to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 411%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Kuwait (X tons), Saudi Arabia (X tons) and Bahrain (X tons) were the main destinations of yams exports from the United Arab Emirates, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +179.2%), while the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Saudi Arabia ($X) and Bahrain ($X) were the largest markets for yams exported from the United Arab Emirates worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, Bahrain, with a CAGR of +163.6%, recorded the highest growth rate of 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 yams export price amounted to $X per ton, which is down by -13.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Oman ($X per ton) and Kuwait ($X per ton), while the average price for exports to Bahrain ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Yams Imports

Imports into the United Arab Emirates

In 2022, after two years of growth, there was decline in overseas purchases of yams, when their volume decreased by -2.8% to X tons. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, yams imports rose modestly to $X in 2022. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.8% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 29% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X tons) was the main yams supplier to the United Arab Emirates, accounting for a 92% share of total imports. Moreover, yams imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+30.7% per year) and Ghana (+28.7% per year).

In value terms, India ($X) constituted the largest supplier of yams to the United Arab Emirates, comprising 88% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+15.6% per year) and Ghana (+11.8% per year).

Import Prices by Country

The average yams import price stood at $X per ton in 2022, rising by 6.4% against the previous year. In general, the import price, however, saw a noticeable decline. The growth pace was the most rapid in 2018 an increase of 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Ghana ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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