Bermuda: Carrot And Turnip Market Overview 2020

Carrot And Turnip Market Size in Bermuda

The revenue of the carrot and turnip market in Bermuda amounted to $X in 2018, shrinking by -X% against the previous year. In general, carrot and turnip consumption, however, continues to indicate strong growth. The growth pace was the most rapid in 2016 when the market value increased by X% y-o-y. Over the period under review, the carrot and turnip market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Carrot And Turnip Production in Bermuda

In value terms, carrot and turnip production stood at $X in 2018 estimated in export prices. Over the period under review, carrot and turnip production continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2016 when production volume increased by X% against the previous year. Over the period under review, carrot and turnip production reached its maximum level in 2018 and is expected to retain its growth in the near future.

Average yield of carrots and turnips in Bermuda amounted to X tonne per ha in 2018, remaining constant against the previous year. In general, the carrot and turnip yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when yield increased by X% year-to-year. In that year, the carrot and turnip yield attained its peak level of X tonne per ha. From 2010 to 2018, the growth of the carrot and turnip yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the carrot and turnip harvested area in Bermuda stood at X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to carrot and turnip production attained its peak figure in 2018 and is likely to continue its growth in the near future.

Carrot And Turnip Exports

Exports from Bermuda

In 2018, the amount of carrots and turnips exported from Bermuda amounted to X kg, increasing by X% against the previous year. Over the period under review, carrot and turnip exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, carrot and turnip exports attained their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, carrot and turnip exports stood at $X in 2018. In general, carrot and turnip exports continue to indicate an outstanding expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, carrot and turnip exports reached their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

In 2018, China (X tonnes), distantly followed by the Netherlands (X tonnes), Belgium (X tonnes) and Israel (X tonnes) were the major exporters of carrots and turnips, together creating X% of total exports. Mexico (X tonnes), Australia (X tonnes), Spain (X tonnes), the U.S. (X tonnes), Canada (X tonnes), Turkey (X tonnes), Italy (X tonnes) and France (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Bermuda, while the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip markets from Bermuda were China ($X), the Netherlands ($X) and the U.S. ($X), with a combined X% share of total exports. Spain, Italy, Australia, Belgium, Israel, Canada, Mexico, France, Turkey and Bermuda lagged somewhat behind, together accounting for a further X recorded the highest growth rate of exports, among the main exporting countries over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the carrot and turnip export price in Bermuda amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the carrot and turnip export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of X% y-o-y. Over the period under review, the export prices for carrots and turnips reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the other leaders experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Bermuda

Carrot and turnip imports into Bermuda amounted to X tonnes in 2018, reducing by -X% against the previous year. Overall, carrot and turnip imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Bermuda imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, carrot and turnip imports totaled $X in 2018. Over the period under review, carrot and turnip imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Bermuda imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

The countries with the highest levels of carrot and turnip imports in 2018 were Belgium (X tonnes), Germany (X tonnes), the U.S. (X tonnes), Russia (X tonnes), France (X tonnes), Japan (X tonnes), Canada (X tonnes), South Korea (X tonnes), Thailand (X tonnes), the United Arab Emirates (X tonnes), the Netherlands (X tonnes) and Malaysia (X tonnes), together reaching X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Bermuda, while the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip importing markets into Bermuda were Germany ($X), the U.S. ($X) and Canada ($X), with a combined X% share of total imports. Russia, Belgium, France, the Netherlands, Japan, the United Arab Emirates, Malaysia, Thailand, South Korea and Bermuda lagged somewhat behind, together accounting for a further X terms of the main importing countries, the Netherlands experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the carrot and turnip import price in Bermuda amounted to $X per tonne, growing by X% against the previous year. In general, the carrot and turnip import price, however, continues to indicate a drastic reduction. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, the import prices for carrots and turnips attained their peak figure at $X per tonne in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Canada ($X per tonne), while Belgium ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform