Ecuador: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Ecuador

The Ecuadorian carrot and turnip market reduced modestly to $X in 2023, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.

Carrot And Turnip Production in Ecuador

In value terms, carrot and turnip production declined slightly to $X in 2023 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

In 2023, the average carrot and turnip yield in Ecuador reached X tons per ha, approximately mirroring the previous year's figure. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2023, the growth of the average carrot and turnip 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.

In 2023, the total area harvested in terms of carrots and turnips production in Ecuador dropped slightly to X ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X% against the previous year. The carrot and turnip harvested area peaked at X ha in 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports from Ecuador

In 2023, approx. X tons of carrots and turnips were exported from Ecuador; picking up by X% against the previous year. Over the period under review, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, carrot and turnip exports rose modestly to $X in 2023. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons) was the main destination for carrot and turnip exports from Ecuador, with a X% share of total exports. It was followed by Canada (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Netherlands (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for carrots and turnips exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average carrot and turnip export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Curacao (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Ecuador

In 2023, after seven years of growth, there was significant decline in purchases abroad of carrots and turnips, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then contracted notably in the following year.

In value terms, carrot and turnip imports dropped markedly to $X in 2023. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then declined sharply in the following year.

Imports by Country

In 2023, the United States (X tons) was the main supplier of carrot and turnip to Ecuador, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of carrots and turnips to Ecuador.

From 2012 to 2023, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then shrank in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform