Australia and Oceania: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Australia and Oceania

The carrot and turnip market in Australia and Oceania rose rapidly to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, saw a mild downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in Australia and Oceania

In value terms, carrot and turnip production rose modestly to $X in 2023 estimated in export price. Overall, production, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Australia (X tons) constituted the country with the largest volume of carrot and turnip production, comprising approx. X% of total volume. Moreover, carrot and turnip production in Australia exceeded the figures recorded by the second-largest producer, New Zealand (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume in Australia was relatively modest.

The average carrot and turnip yield contracted to X tons per ha in 2023, standing approx. at the year before. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2023, the growth of the carrot and turnip yield remained 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.

In 2023, the total area harvested in terms of carrots and turnips production in Australia and Oceania rose modestly to X ha, growing by X% on 2022. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to carrot and turnip production reached the maximum at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports in Australia and Oceania

In 2023, carrot and turnip exports in Australia and Oceania declined to X tons, reducing by X% compared with the year before. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, carrot and turnip exports shrank to $X in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was approx. X% of total exports in 2023. New Zealand (X tons) held a minor share of total exports.

Australia was also the fastest-growing in terms of the carrots and turnips exports, with a CAGR of X% from 2012 to 2023. New Zealand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest carrot and turnip supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

In Australia, carrot and turnip exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%).

Carrot And Turnip Imports

Imports in Australia and Oceania

In 2023, supplies from abroad of carrots and turnips increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, carrot and turnip imports reduced modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell modestly in the following year.

Imports by Country

Fiji represented the main importer of carrots and turnips in Australia and Oceania, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. French Polynesia (X tons) ranks second in terms of the total imports with a X% share, followed by New Caledonia (X%) and Samoa (X%). The following importers - Papua New Guinea (X tons), Vanuatu (X tons) and Tonga (X tons) - together made up X% of total imports.

Imports into Fiji increased at an average annual rate of X% from 2012 to 2023. At the same time, Tonga (X%), Samoa (X%), New Caledonia (X%) and Vanuatu (X%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2023. French Polynesia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of French Polynesia (X p.p.) and Papua New Guinea (X p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Fiji ($X) constitutes the largest market for imported carrots and turnips in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by French Polynesia ($X), with an X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Fiji amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: French Polynesia (X% per year) and New Caledonia (X% per year).

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, with a decrease of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Fiji ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Fiji (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform