Global Carrot And Turnip Market 2024

Carrot And Turnip Market Size

In 2023, the global carrot and turnip market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Global consumption peaked at $X in 2022, and then shrank modestly in the following year.

Carrot And Turnip Production

In value terms, carrot and turnip production reduced slightly to $X in 2023 estimated in export price. The total output 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 in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2023, global production growth failed to regain momentum.

China (X tons) remains the largest carrot and turnip producing country worldwide, accounting for X% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume in China stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Uzbekistan (X% per year) and the United States (X% per year).

The global average carrot and turnip yield reduced to X tons per ha in 2023, approximately equating 2022. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. The global yield peaked at X tons per ha in 2022, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of carrots and turnips were harvested worldwide; standing approx. at 2022 figures. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. The global harvested area peaked at X ha in 2012; afterwards, it flattened through to 2023.

Carrot And Turnip Exports

Exports

In 2023, the amount of carrots and turnips exported worldwide amounted to X tons, rising by X% against 2022. The total export 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 being recorded throughout the analyzed period. 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 skyrocketed to $X in 2023. In general, total exports indicated a strong 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, China (X tons), distantly followed by the Netherlands (X tons) and Mexico (X tons) represented the key exporters of carrots and turnips, together comprising X% of total exports. The following exporters - Turkey (X tons), Spain (X tons), Belgium (X tons), Italy (X tons), Belarus (X tons), Canada (X tons), France (X tons), the United States (X tons), Australia (X tons) and Morocco (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip supplying countries worldwide were China ($X), the Netherlands ($X) and the United States ($X), together accounting for X% of global exports. Spain, Italy, Mexico, Canada, Belgium, Australia, Belarus, France, Turkey and Morocco lagged somewhat behind, together accounting for a further X%.

Morocco, 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

The average carrot and turnip export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The global export price peaked in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Carrot And Turnip Imports

Imports

In 2023, approx. X tons of carrots and turnips were imported worldwide; surging by X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. Global imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, carrot and turnip imports soared 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 in certain years. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Global imports peaked in 2023 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Belgium (X tons), Germany (X tons), Russia (X tons), France (X tons), Thailand (X tons), Poland (X tons), Canada (X tons), Malaysia (X tons), South Korea (X tons), Vietnam (X tons) and Japan (X tons) represented roughly X% of total imports in 2023. The United Arab Emirates (X tons) held a relatively small share of total imports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), 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 ($X), the United States ($X) and Canada ($X), together comprising X% of global imports. France, Russia, Belgium, Vietnam, Thailand, Poland, the United Arab Emirates, South Korea, Malaysia and Japan lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Global import price peaked in 2023 and is likely to see gradual growth in the immediate term.

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 ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform