U.S. - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAmerican 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 tons. 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 tons 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 tons), Canada (87K tons) and Israel (13K tons) 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 ton, 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 ton), while the price for Mexico ($421 per ton) was amongst the lowest.
Exports from the U.S.
In 2020, approx. 104K tons 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 tons) 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 tons), 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.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
