Vietnam: Yautia (Cocoyam) Market 2024

Yautia (Cocoyam) Market Size in Vietnam

The Vietnamese yautia (cocoyam) market was estimated at $X in 2022, surging by 4.9% against the previous year. In general, consumption posted a pronounced expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Yautia (Cocoyam) Production in Vietnam

In value terms, yautia (cocoyam) production declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2016 when the production volume increased by 13% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, (cocoyam) production growth remained at a somewhat lower figure.

The average yield of yautia in Vietnam amounted to less than X kg per ha in 2022, remaining relatively unchanged against the previous year. In general, 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, approx. less than X ha of yautia were harvested in Vietnam; standing approx. at the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Yautia (Cocoyam) Exports

Exports from Vietnam

In 2022, after six years of growth, there was decline in shipments abroad of yautia, when their volume decreased by -1.2% to X tons. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, (cocoyam) exports increased by +59.1% against 2015 indices. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. The exports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, yautia (cocoyam) exports contracted to $X in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 50%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for yautia (cocoyam) exports from Vietnam, accounting for a 42% share of total exports. Moreover, yautia (cocoyam) exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Australia (X tons), twofold. France (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Taiwan (Chinese) amounted to +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+11.5% per year) and France (+14.7% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for yautia exports from Vietnam, comprising 42% of total exports. The second position in the ranking was held by Australia ($X), with an 18% share of total exports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Taiwan (Chinese) totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+9.5% per year) and France (+12.6% per year).

Export Prices by Country

In 2022, the average yautia (cocoyam) export price amounted to $X per ton, falling by -9.3% against the previous year. In general, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($X per ton) and France ($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 China (-0.9%), while the prices for the other major destinations experienced a decline.

Yautia (Cocoyam) Imports

Imports into Vietnam

In 2022, overseas purchases of yautia decreased by -1.8% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 1,646% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, yautia (cocoyam) imports reached $X in 2022. Over the period under review, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 681%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

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

From 2012 to 2022, the average annual growth rate of volume from China totaled +32.1%.

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

From 2012 to 2022, the average annual growth rate of value from China stood at +25.0%.

Import Prices by Country

The average yautia (cocoyam) import price stood at $X per ton in 2022, surging by 2.7% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 132% 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.

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 China amounted to -5.4% per year.

Source: IndexBox Platform

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