Ecuador: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Ecuador

The Ecuadorian carrot and turnip market reached $X in 2023, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Carrot And Turnip Production in Ecuador

In value terms, carrot and turnip production stood at $X in 2023 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Carrot and turnip production peaked at $X in 2017; however, from 2018 to 2023, production remained at a lower figure.

The average yield of carrots and turnips in Ecuador totaled X tons per ha in 2023, remaining constant against the previous year. In general, the yield, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2023, the growth of the average carrot and turnip yield failed to regain momentum. 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 shrank slightly to X ha, approximately reflecting 2022. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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, overseas shipments of carrots and turnips decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports declined to $X in 2023. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked 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 growth rate 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

The average carrot and turnip export price stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 Canada (X%), while the prices for the other major destinations experienced mixed trend patterns.

Carrot And Turnip Imports

Imports into Ecuador

In 2023, overseas purchases of carrots and turnips decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, total imports indicated resilient growth from 2012 to 2023: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2022, and then dropped in the following year.

In value terms, carrot and turnip imports fell to $X in 2023. In general, imports, however, saw temperate growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the United States (X tons) was the main carrot and turnip supplier to Ecuador, with 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 stood at 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

In 2023, the average carrot and turnip import price amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

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