Brazil: Carrot And Turnip Market Overview 2021

Carrot And Turnip Market Size in Brazil

In 2019, the Brazilian carrot and turnip market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed moderate growth. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Carrot and turnip consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Carrot And Turnip Exports

Exports from Brazil

Carrot and turnip exports from Brazil surged to X tonnes in 2019, increasing by X% on the year before. In general, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2009 when exports increased by X% year-to-year. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, carrot and turnip exports soared to $X in 2019. Overall, exports posted strong growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tonnes) was the main destination for carrot and turnip exports from Brazil, accounting for a X% share of total exports. Moreover, carrot and turnip exports to Argentina exceeded the volume sent to the second major destination, Marshall Islands (X tonnes), more than tenfold. The third position in this ranking was occupied by Panama (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Argentina totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+X% per year) and Panama (+X% per year).

In value terms, Argentina ($X) remains the key foreign market for carrot and turnip exports from Brazil, comprising X% of total exports. The second position in the ranking was occupied by Marshall Islands ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Argentina stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Marshall Islands (+X% per year) and Panama (+X% per year).

Export Prices by Country

In 2019, the average carrot and turnip export price amounted to $X per tonne, jumping by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, carrot and turnip export price increased by +X% against 2013 indices. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Marshall Islands ($X per tonne), while the average price for exports to Argentina ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Brazil

In 2019, supplies from abroad of carrots and turnips decreased by -X% to X tonnes for the first time since 2016, thus ending a two-year rising trend. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2009 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2018, and then declined in the following year.

In value terms, carrot and turnip imports expanded modestly to $X in 2019. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of carrot and turnip to Brazil, with a X% share of total imports. Moreover, carrot and turnip imports from the U.S. exceeded the figures recorded by the second-largest supplier, Argentina (X tonnes), more than tenfold.

From 2007 to 2019, the average annual growth rate of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of carrot and turnip to Brazil, comprising X% of total imports. The second position in the ranking was occupied by Argentina ($X), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to +X%.

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2019, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for Argentina totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carrots and turnips in the world?

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China (21M tonnes) remains the largest carrot and turnip consuming country worldwide, comprising approx. 46% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (2.7M tonnes), eightfold. Russia (1.7M tonnes) ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of carrots and turnips in the world?

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The country with the largest volume of carrot and turnip production was China (21M tonnes), comprising approx. 48% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (2.8M tonnes), eightfold. The third position in this ranking was occupied by Russia (1.6M tonnes), with a 3.5% share.

What are the leading suppliers of carrots and turnips to Brazil?

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In value terms, the U.S. ($822K) constituted the largest supplier of carrot and turnip to Brazil, comprising 99% of total imports. The second position in the ranking was occupied by Argentina ($9K), with a 1.1% share of total imports.

What are the leading importers of carrots and turnips from Brazil?

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In value terms, Argentina ($126K) remains the key foreign market for carrot and turnip exports from Brazil, comprising 31% of total exports. The second position in the ranking was occupied by Marshall Islands ($45K), with a 11% share of total exports. It was followed by Panama, with a 9.4% share.

What is the average export price for carrots and turnips in Brazil?

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In 2019, the average carrot and turnip export price amounted to $444 per tonne, jumping by 43% against the previous year.

What is the average import price for carrots and turnips in Brazil?

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The average carrot and turnip import price stood at $724 per tonne in 2019, rising by 18% against the previous year.