Carrot And Turnip Market

The global carrot and turnip market is projected to show positive growth trends in both consumption and value terms from 2022 to 2030. China leads in both production and consumption, with other countries like Uzbekistan and the United States also playing significant roles. The market is expected to see steady growth in the coming years, with fluctuations in both production and trade volumes. Overall, the outlook for the global carrot and turnip market is positive, with opportunities for growth and expansion in various regions.

Market Forecast

Driven by increasing demand for carrots and turnips worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.6% for the period from 2022 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 +3.7% for the period from 2022 to 2030, which is projected to bring the market value to $31B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Carrots And Turnips

Global carrot and turnip consumption reached 43M tons in 2022, remaining constant against 2021 figures. The total consumption volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is expected to retain growth in years to come.

The global carrot and turnip market size dropped to $23.2B in 2022, reducing by -4.3% 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 +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $24.3B, and then fell modestly in the following year.

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 (3.8M tons), fivefold. The United States (1.6M tons) ranked third in terms of total consumption with a 3.7% share.

In China, carrot and turnip consumption increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (+9.4% per year) and the United States (+0.9% per year).

In value terms, China ($9.4B) led the market, alone. The second position in the ranking was taken by the United States ($1.8B). It was followed by Uzbekistan.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +2.5%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+1.2% per year) and Uzbekistan (+8.6% per year).

In 2022, the highest levels of carrot and turnip per capita consumption was registered in Uzbekistan (109 kg per person), followed by Kazakhstan (35 kg per person), Ukraine (18 kg per person) and the UK (13 kg per person), while the world average per capita consumption of carrot and turnip was estimated at 5.4 kg per person.

From 2012 to 2022, the average annual rate of growth in terms of the carrot and turnip per capita consumption in Uzbekistan stood at +7.6%. In the other countries, the average annual rates were as follows: Kazakhstan (+1.8% per year) and Ukraine (-1.1% per year).

Production

World Production of Carrots And Turnips

In 2022, global production of carrots and turnips rose slightly to 43M tons, growing by 1.6% against 2021 figures. The total output volume increased at an average annual rate of +1.5% from 2012 to 2022; 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 in 2022 and is likely to see gradual growth in the immediate term. The general positive trend in terms output was largely conditioned by mild growth of the harvested area and a slight expansion in yield figures.

In value terms, carrot and turnip production shrank to $23.1B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26% against the previous year. Global production peaked at $25.3B in 2021, and then dropped in the following year.

Production By Country

China (19M tons) constituted the country with the largest volume of carrot and turnip production, comprising approx. 44% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (3.9M tons), fivefold. The third position in this ranking was held by the United States (1.4M tons), with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume in China amounted to +1.3%. In the other countries, the average annual rates were as follows: Uzbekistan (+9.6% per year) and the United States (+0.1% per year).

Yield

In 2022, the global average yield of carrots and turnips rose slightly to 38 tons per ha, picking up by 2.4% compared with the year before. The yield figure increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 7.4%. Over the period under review, the average carrot and turnip yield attained the peak level in 2022 and is expected to retain growth in the immediate term.

Harvested Area

The global carrot and turnip harvested area shrank to 1.1M ha in 2022, approximately reflecting the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by 4.8%. Over the period under review, the harvested area dedicated to carrot and turnip production reached the maximum at 1.2M ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Imports

World Imports of Carrots And Turnips

After two years of growth, supplies from abroad of carrots and turnips decreased by -6.7% to 2.6M tons in 2022. Over the period under review, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2015 when imports increased by 10% against the previous year. Global imports peaked at 2.9M tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, carrot and turnip imports fell to $1.4B in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 30% against the previous year. As a result, imports reached the peak of $1.5B. From 2019 to 2022, the growth of global imports failed to regain momentum.

Imports By Country

The purchases of the twelve major importers of carrots and turnips, namely the United States, Belgium, Germany, Vietnam, Thailand, Russia, France, Canada, South Korea, Malaysia, the United Arab Emirates and Japan, represented more than half of total import. Poland (56K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +8.4%), 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 the United States ($158M), Germany ($140M) and Canada ($120M), with a combined 31% share of global imports. Vietnam, Russia, France, Thailand, Belgium, Malaysia, South Korea, the United Arab Emirates, Japan and Poland lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Vietnam, with a CAGR of +14.4%, recorded 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

The average carrot and turnip import price stood at $516 per ton in 2022, growing by 4.3% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 19% against the previous year. As a result, import price reached the peak level of $523 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($1,193 per ton), while Belgium ($214 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Carrots And Turnips

In 2022, approx. 2.9M tons of carrots and turnips were exported worldwide; reducing by -2.5% compared with 2021. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 8.9%. Over the period under review, the global exports attained the peak figure at 3M tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, carrot and turnip exports totaled $1.6B in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

In 2022, China (716K tons), distantly followed by the Netherlands (447K tons), Mexico (176K tons) and Belgium (156K tons) represented the largest exporters of carrots and turnips, together committing 51% of total exports. The following exporters - Belarus (113K tons), Spain (109K tons), Turkey (106K tons), Canada (99K tons), the United States (96K tons), Australia (95K tons), Israel (82K tons), Uzbekistan (75K tons) and Italy (74K tons) - together made up 29% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +22.6%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($502M) remains the largest carrot and turnip supplier worldwide, comprising 32% of global exports. The second position in the ranking was held by the Netherlands ($181M), with a 12% share of global exports. It was followed by the United States, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +6.2%. In the other countries, the average annual rates were as follows: the Netherlands (+0.7% per year) and the United States (-0.5% per year).

Export Prices By Country

The average carrot and turnip export price stood at $541 per ton in 2022, increasing by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. The global export price peaked in 2022 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 ($1,294 per ton), while Uzbekistan ($175 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform