Global Carrots and Turnips Market to Grow at a CAGR of +2.0% Through 2030

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The global carrot and turnip market is set to experience significant growth from 2023 to 2030, with a forecasted CAGR of +2.0% in volume and +4.0% in value. This growth is driven by rising demand for these vegetables on a global scale, leading to an anticipated market volume of 48M tons and a market value of $31.4B by the end of the forecast period.

Market Forecast

Driven by increasing demand for carrots and turnips worldwide, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.0% for the period from 2023 to 2030, which is projected to bring the market volume to 48M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.0% for the period from 2023 to 2030, which is projected to bring the market value to $31.4B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Carrots And Turnips

After two years of growth, consumption of carrots and turnips decreased by -1.1% to 42M tons in 2023. The total consumption volume increased at an average annual rate of +1.0% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Global consumption peaked at 43M tons in 2022, and then fell slightly in the following year.

The global carrot and turnip market value totaled $23.8B in 2023, increasing by 2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $24.3B. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

China (18M tons) constituted the country with the largest volume of carrot and turnip consumption, accounting for 42% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (3.5M tons), fivefold. The third position in this ranking was taken by the United States (1.6M tons), with a 3.7% share.

In China, carrot and turnip consumption remained relatively stable over the period from 2013-2023. In the other countries, the average annual rates were as follows: Uzbekistan (+7.8% per year) and the United States (+0.8% per year).

In value terms, China ($9.9B) led the market, alone. The second position in the ranking was held by the United States ($1.8B). It was followed by Uzbekistan.

From 2013 to 2023, the average annual growth rate of value in China amounted to +2.3%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+1.1% per year) and Uzbekistan (+7.6% per year).

In 2023, the highest levels of carrot and turnip per capita consumption was registered in Uzbekistan (98 kg per person), followed by Ukraine (19 kg per person), Poland (18 kg per person) and the UK (14 kg per person), while the world average per capita consumption of carrot and turnip was estimated at 5.3 kg per person.

In Uzbekistan, carrot and turnip per capita consumption expanded at an average annual rate of +6.1% over the period from 2013-2023. In the other countries, the average annual rates were as follows: Ukraine (-0.5% per year) and Poland (-0.5% per year).

Production

World Production of Carrots And Turnips

In 2023, after two years of growth, there was decline in production of carrots and turnips, when its volume decreased by -0.8% to 43M tons. The total output volume increased at an average annual rate of +1.1% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 5.3%. Global production peaked at 43M tons in 2022, and then reduced in the following year. The general positive trend in terms output was largely conditioned by mild growth of the harvested area and a modest expansion in yield figures.

In value terms, carrot and turnip production expanded to $24.2B in 2023 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2013 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 26%. Global production peaked at $25.3B in 2021; however, from 2022 to 2023, production failed to regain momentum.

Production By Country

The country with the largest volume of carrot and turnip production was China (19M tons), comprising approx. 44% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (3.5M tons), fivefold. The third position in this ranking was held by the United States (1.4M tons), with a 3.2% share.

In China, carrot and turnip production expanded at an average annual rate of +1.0% over the period from 2013-2023. In the other countries, the average annual rates were as follows: Uzbekistan (+8.0% per year) and the United States (-0.3% per year).

Yield

The global average carrot and turnip yield fell modestly to 37 tons per ha in 2023, approximately mirroring the previous year's figure. The yield figure increased at an average annual rate of +1.1% from 2013 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 4.9%. The global yield peaked at 38 tons per ha in 2022, and then shrank modestly in the following year.

Harvested Area

In 2023, the total area harvested in terms of carrots and turnips production worldwide stood at 1.1M ha, approximately equating the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 4.8% against the previous year. As a result, the harvested area attained the peak level of 1.2M ha. From 2016 to 2023, the growth of the global carrot and turnip harvested area remained at a lower figure.

Imports

World Imports of Carrots And Turnips

In 2023, the amount of carrots and turnips imported worldwide rose rapidly to 2.9M tons, growing by 9.1% on the previous year. The total import volume increased at an average annual rate of +1.0% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 11%. Global imports peaked at 2.9M tons in 2018; afterwards, it flattened through to 2023.

In value terms, carrot and turnip imports soared to $1.7B in 2023. The total import value increased at an average annual rate of +2.3% over the period from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 30%. Global imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports By Country

In 2023, the United States (289K tons), Belgium (224K tons), Germany (222K tons), Russia (188K tons), France (141K tons), Thailand (134K tons), Poland (107K tons), Canada (99K tons), Malaysia (95K tons), South Korea (94K tons), Vietnam (93K tons) and Japan (89K tons) represented the main importer of carrots and turnips in the world, constituting 62% of total import. The United Arab Emirates (85K tons) followed a long way behind the leaders.

From 2013 to 2023, the biggest increases were recorded for Poland (with a CAGR of +14.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip importing markets worldwide were Germany ($223M), the United States ($194M) and Canada ($124M), with a combined 32% share of global imports. France, Russia, Belgium, Vietnam, Thailand, Poland, the United Arab Emirates, South Korea, Malaysia and Japan lagged somewhat behind, together comprising a further 36%.

Poland, with a CAGR of +12.1%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2023, the average carrot and turnip import price amounted to $587 per ton, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. Global import price peaked in 2023 and is likely to continue growth in years to come.

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 Canada ($1,259 per ton), while Belgium ($357 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Carrots And Turnips

Global carrot and turnip exports amounted to 3.3M tons in 2023, increasing by 13% on 2022 figures. The total export volume increased at an average annual rate of +2.7% over the period from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, carrot and turnip exports soared to $2B in 2023. The total export value increased at an average annual rate of +4.3% over the period from 2013 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2023, China (847K tons), distantly followed by the Netherlands (478K tons), Mexico (185K tons) and Turkey (161K tons) represented the largest exporters of carrots and turnips, together creating 51% of total exports. The following exporters - Spain (138K tons), Belgium (131K tons), Italy (123K tons), Belarus (119K tons), Canada (108K tons), France (98K tons), the United States (92K tons), Australia (91K tons) and Morocco (74K tons) - together made up 29% of total exports.

From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Morocco (with a CAGR of +29.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($514M), the Netherlands ($265M) and Spain ($131M) appeared to be the countries with the highest levels of exports in 2023, with a combined 46% share of global exports. The United States, Italy, Mexico, Canada, Belgium, Australia, Belarus, France, Turkey and Morocco lagged somewhat behind, together comprising a further 35%.

Among the main exporting countries, Morocco, with a CAGR of +29.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2023, the average carrot and turnip export price amounted to $594 per ton, increasing by 10% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average export price increased by 12%. The global export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,411 per ton), while Morocco ($249 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Canada (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform