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U.S. - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing
Date: Jul 13, 2021
American Carrot and Turnip Market Plummeted During the Pandemic
IndexBox has just published a new report: 'U.S. - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
The American carrot and turnip market decreased by -7% to $1.8B in 2020. This slump was due to lower demand from the HoReCa sector hampered by the pandemic. The domestic production dropped in line with the demand, with the harvested area reduced by -3.3% y-o-y. Imports also plunged, while export remained stable despite the drop in output. Mexico, Canada and Israel continue to supply the majority of the U.S. carrot and turnip imports, but overall, the market is dominated by domestic producers.
Market Size
After eight years of growth, the U.S. carrot and turnip market decreased by -6.6% to $1.8B in 2020. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2020. Carrot and turnip consumption peaked at $1.9B in 2019, and then reduced in the following year.
Production in the U.S.
In 2020, after two years of growth, there was a significant decline in the production of carrots and turnips, when its volume decreased by -6% to 1.4M tonnes. In value terms, carrot and turnip production declined to $1.6B in 2020.
The decline in domestic production was caused by the reduction of harvested area in the U.S., which shrank to 31K ha, waning by -3.3% on the previous year's figure.
Imports into the U.S.
In 2020, supplies from abroad of carrots and turnips decreased by -7.3% to 212K tonnes for the first time since 2017, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2020. In value terms, carrot and turnip imports dropped to $113M in 2020.
Mexico (108K tonnes), Canada (87K tonnes) and Israel (13K tonnes) were the main suppliers of carrot and turnip imports to the U.S., with a combined 98% share of total imports.
In value terms, the largest carrot and turnip suppliers to the U.S. were Canada ($51M), Mexico ($45M) and Israel ($7M), together comprising 92% of total imports.
In 2020, the average carrot and turnip import price amounted to $531 per tonne, with a decrease of -1.8% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +2.2%. Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Canada ($588 per tonne), while the price for Mexico ($421 per tonne) was amongst the lowest.
Exports from the U.S.
In 2020, approx. 104K tonnes of carrots and turnips were exported from the U.S.; approximately equating to 2019 figures. In value terms, carrot and turnip exports reduced slightly to $120M (IndexBox estimates) in 2020.
Canada (92K tonnes) was the main destination for carrot and turnip exports from the U.S., accounting for an 89% share of total exports. Moreover, carrot and turnip exports to Canada exceeded the volume sent to the second major destination, Mexico (8.8K tonnes), more than tenfold.
In value terms, Canada ($105M) remains the key foreign market for carrot and turnip exports from the U.S., comprising 88% of total exports. The second position in the ranking was occupied by Mexico ($9.6M), with an 8% share of total exports.
Source: IndexBox Platform
This report provides an in-depth analysis of the carrot and turnip market in the U.S.. 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 2030.
Product coverage:
• FCL 426 - Carrot
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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