Global Yams Market 2024

Yams Market Size

The global yams market contracted to $X in 2022, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Global consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Yams Production

In value terms, yams production contracted slightly 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; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, global production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Nigeria (X tons) remains the largest yams producing country worldwide, accounting for X% of total volume. Moreover, yams production in Nigeria exceeded the figures recorded by the second-largest producer, Ghana (X tons), sixfold. Cote d'Ivoire (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Nigeria totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Cote d'Ivoire (X% per year).

In 2022, the global average yams yield amounted to X tons per ha, remaining relatively unchanged against the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The global yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The global yams harvested area contracted slightly to X ha in 2022, stabilizing at 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the global yams harvested area remained at a somewhat lower figure.

Yams Exports

Exports

In 2022, after six years of growth, there was decline in shipments abroad of yams, when their volume decreased by X% to X tons. Over the period under review, total exports indicated a resilient 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, exports increased by X% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The global exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, yams exports rose slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Ghana was the key exporting country with an export of about X tons, which recorded X% of total exports. Jamaica (X tons) held the second position in the ranking, followed by the United States (X tons), China (X tons), Costa Rica (X tons), Colombia (X tons), India (X tons), Japan (X tons) and Brazil (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yams exports from Ghana stood at X%. At the same time, Colombia (X%), Brazil (X%), India (X%), China (X%), Japan (X%), Jamaica (X%) and the United States (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Costa Rica (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.), India (X p.p.), Brazil (X p.p.) and Ghana (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Jamaica (X p.p.), the United States (X p.p.) and Costa Rica (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X), Jamaica ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. The United States, Japan, Costa Rica, Brazil, Colombia and India lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average yams export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The global export price peaked at $X per ton in 2014; however, from 2015 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 Japan ($X per ton), while India ($X per ton) was amongst the lowest.

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

Yams Imports

Imports

Global yams imports reached X tons in 2022, surging by X% against the previous year. Overall, total imports indicated a strong 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 2012 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, yams imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of around X tons, which recorded X% of total imports. Canada (X tons) ranks second in terms of the total imports with a X% share, followed by the UK (X%), the United Arab Emirates (X%), the Netherlands (X%), Belgium (X%) and France (X%). Niger (X tons), South Africa (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%), Niger (X%), Belgium (X%), Malaysia (X%), the United Arab Emirates (X%), the Netherlands (X%), France (X%), Taiwan (Chinese) (X%), Canada (X%), the UK (X%) and Singapore (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Niger, Belgium, Malaysia and South Africa increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported yams worldwide, comprising X% of global imports. The second position in the ranking was taken by Canada ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (X% per year) and the UK (X% per year).

Import Prices by Country

The average yams import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, recorded a mild shrinkage. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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