Portugal: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Portugal

In 2023, the Portuguese carrot and turnip market increased by X% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, the total consumption indicated a prominent expansion 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs in 2023 and is likely to see steady growth in years to come.

Carrot And Turnip Production in Portugal

In value terms, carrot and turnip production totaled $X in 2023 estimated in export price. Overall, the total production indicated a strong 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 growth pace was the most rapid in 2020 with an increase of X%. Carrot and turnip production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of carrots and turnips in Portugal expanded rapidly to X tons per ha in 2023, picking up by X% against the year before. Over the period under review, the yield indicated a temperate increase from 2012 to 2023: its figure 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, carrot and turnip yield decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. The carrot and turnip yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the 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 Portugal expanded markedly to X ha, increasing by X% on the previous year. In general, the harvested area, however, saw a slight setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to carrot and turnip production attained the peak figure at X ha in 2014; however, from 2015 to 2023, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from Portugal

In 2023, after two years of decline, there was significant growth in overseas shipments of carrots and turnips, when their volume increased by X% to X tons. In general, exports posted pronounced growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports skyrocketed to $X in 2023. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of carrot and turnip exports from Portugal, together comprising X% of total exports. Poland, the Czech Republic, Latvia and Cabo Verde lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) constituted the largest markets for carrot and turnip exported from Portugal worldwide, with a combined X% share of total exports. The Czech Republic, Latvia, Poland and Cabo Verde lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average carrot and turnip export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2023: its price 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, carrot and turnip export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to France ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Portugal

In 2023, supplies from abroad of carrots and turnips increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2023: its volume 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, imports increased by X% against 2021 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carrot and turnip imports soared to $X in 2023. Over the period under review, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of carrot and turnip to Portugal, with a X% share of total imports. Moreover, carrot and turnip imports from Spain exceeded the figures recorded by the second-largest supplier, Israel (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and France (X% per year).

In value terms, Spain ($X) constituted the largest supplier of carrots and turnips to Portugal, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average carrot and turnip import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a strong increase from 2012 to 2023: its price 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, carrot and turnip import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform