Australia - Yams - Market Analysis, Forecast, Size, Trends and Insights
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View PricingYams Price in Australia - 2023
Contents:
- Yams Price in Australia (CIF) - 2023
- Yams Price in Australia (FOB) - 2022
- Yams Imports in Australia
- Yams Exports in Australia
Yams Price in Australia (CIF) - 2023
The average yams import price stood at $3,265 per ton in November 2023, with an increase of 14% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 47% m-o-m. The import price peaked at $3,754 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($3,473 per ton), while the price for Thailand ($2,291 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Tonga (+28.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Yams Price in Australia (FOB) - 2022
The average yams export price stood at $8,567 per ton in 2022, dropping by -44.5% against the previous year. In general, the export price, however, saw a modest expansion. The pace of growth appeared the most rapid in 2021 an increase of 448% against the previous year. As a result, the export price reached the peak level of $15,424 per ton, and then shrank markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +22.2% per year.
Yams Imports in Australia
In 2022, the amount of yams imported into Australia fell markedly to 326 tons, with a decrease of -58% on the year before. Over the period under review, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 775 tons, and then dropped rapidly in the following year.
In value terms, yams imports fell sharply to $966K in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $1.5M, and then reduced sharply in the following year.
| Import of Yams in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 391 | 404 | 540 | 544 | 11.6% |
| Vietnam | 96.5 | 153 | 185 | 245 | 36.4% |
| Tonga | 370 | 358 | 473 | 70.9 | -42.3% |
| Samoa | 3.5 | 3.2 | 28.1 | 38.4 | 122.2% |
| Philippines | 20.2 | 47.8 | 152 | 27.9 | 11.4% |
| India | 26.9 | 22.1 | 28.7 | 26.2 | -0.9% |
| Ghana | N/A | 7.0 | 43.8 | N/A | 525.7% |
| Others | 7.8 | 4.7 | 12.1 | 13.2 | 19.2% |
| Total | 915 | 1,000 | 1,463 | 966 | 1.8% |
Top Suppliers of Yams to Australia in 2022:
- China (137.5 tons)
- Vietnam (86.7 tons)
- Tonga (70.1 tons)
- India (12.0 tons)
- Samoa (10.1 tons)
- Philippines (6.8 tons)
Yams Exports in Australia
After two years of decline, shipments abroad of yams increased by 309% to 270 kg in 2022. Over the period under review, exports, however, saw a sharp shrinkage.
In value terms, yams exports soared to $2.3K in 2022. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year.
| Export of Yams in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3.3 | N/A | N/A | 2.3 | -11.3% |
| Kiribati | N/A | 0.1 | N/A | N/A | 0% |
| Papua New Guinea | N/A | 0.1 | N/A | N/A | 0% |
| Maldives | 0.3 | N/A | 1.0 | N/A | 82.6% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 3.6 | 0.4 | 1.0 | 2.3 | -13.9% |
Top Export Markets for Yams from Australia in 2022:
- Hong Kong SAR (270.0 kg)
This report provides an in-depth analysis of the yams market in Australia. 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 137 - Yams
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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