Asia-Pacific: Root And Tuber Market 2024

Root And Tuber Market Size in Asia-Pacific

The Asia-Pacific root and tuber market declined slightly to $X in 2022, falling by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Root And Tuber Production in Asia-Pacific

In value terms, root and tuber production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

China (X tons) constituted the country with the largest volume of root and tuber production, comprising approx. X% of total volume. Moreover, root and tuber production in China exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

In China, root and tuber production remained relatively stable over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (X% per year) and Thailand (X% per year).

The average root and tuber yield expanded modestly to X tons per ha in 2022, increasing by X% against the previous year. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the root and tuber yield attained the peak level at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area shrank slightly to X ha in 2022, which is down by X% on 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then fell in the following year.

Root And Tuber Exports

Exports in Asia-Pacific

In 2022, overseas shipments of roots and tubers increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, root and tuber exports rose notably to $X in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Thailand dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Pakistan (X tons) took the second position in the ranking, followed by Vietnam (X tons), China (X tons) and India (X tons). All these countries together took near X% share of total exports. Lao People's Democratic Republic (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to root and tuber exports from Thailand stood at X%. At the same time, Lao People's Democratic Republic (X%), India (X%), Pakistan (X%) and China (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. From 2012 to 2022, the share of Pakistan, India and Lao People's Democratic Republic increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest root and tuber supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, reducing by X% 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 export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced more modest paces of growth.

Root And Tuber Imports

Imports in Asia-Pacific

In 2022, purchases abroad of roots and tubers increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

China represented the key importer of roots and tubers in Asia-Pacific, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons) and Vietnam (X tons), together creating a X% share of total imports. The following importers - South Korea (X tons), Afghanistan (X tons), Nepal (X tons) and Malaysia (X tons) - each amounted to an X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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