IndexBox, Inc. has just published a new report “World – Carrot And Turnip – Market Analysis, Forecast, Size, Trends and Insights“. Here is a summary of the report’s key findings.
Carrot and turnip Imports
In 2017, the amount of carrots and turnips imported worldwide amounted to 2.5M tonnes, remaining constant against the previous year figure. The total import volume increased at an average annual rate of +2.3% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011, when it surged by 8% y-o-y. Over the period under review, carrot and turnip imports attained its maximum volume of 2.6M tonnes in 2016, falling back in the following year.
In value terms, carrot and turnip imports amounted to $1.2B in 2017. The total import value increased at an average annual rate of +2.9% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. Global import peaked of $1.3B in 2013; however, from 2014 to 2017, it failed to regain its strength.
Carrot and turnip Imports By Country
The countries with the highest levels of carrot and turnip imports in 2017 were Belgium (283K tonnes), Germany (224K tonnes), Russia (186K tonnes), the U.S. (182K tonnes), France (155K tonnes), Canada (108K tonnes), South Korea (102K tonnes), the United Arab Emirates (93K tonnes), Thailand (89K tonnes), Japan (88K tonnes), Malaysia (87K tonnes), and the Netherlands (61K tonnes), together amounting to 65% of total import.
From 2007 to 2017, the most notable growth rate of imports, among the main importing countries, was attained by the United Arab Emirates (+7.8% per year), while the other global leaders experienced more modest paces of growth.
In value terms, Germany ($131M), Canada ($109M), and the U.S. ($105M) appeared to be the countries with the highest levels of imports in 2017, with a combined 30% share of global imports. These countries were followed by Russia, France, Belgium, the United Arab Emirates, Malaysia, South Korea, the Netherlands, Thailand and Japan, which together accounted for a further 38%.
The United Arab Emirates (+8.2% per year) recorded the highest growth rate of imports, in terms of the main importing countries, over the last 10 years, while the other global leaders experienced more modest paces of growth.
Carrot and turnip Import Prices By Country
In 2017, the average import price for carrots and turnips amounted to $457 per tonne, going down by -4.5% against the previous year. Overall, carrot and turnip import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when import price increased by 17% year-to-year. Global import price peaked of $538 per tonne in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.
Import prices varied noticeably by country of destination; the country with the highest import price was Canada ($1,011 per tonne), while Belgium ($207 per tonne) was among the lowest.
From 2007 to 2017, the most notable growth rate of import prices was attained by the U.S. (+2.6% per year), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global carrot and turnip market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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