Chile: Carrot And Turnip Market Overview 2021

Carrot And Turnip Market Size in Chile

In 2019, the Chilean carrot and turnip market decreased by -X% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Carrot And Turnip Production in Chile

In value terms, carrot and turnip production declined remarkably to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2019, production failed to regain the momentum.

The average yield of carrots and turnips in Chile totaled X tonnes per ha in 2019, remaining constant against the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. The carrot and turnip yield peaked in 2019 and is expected to retain growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carrot and turnip harvested area in Chile totaled X ha in 2019, growing by X% compared with the year before. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The carrot and turnip harvested area peaked at X ha in 2009; however, from 2010 to 2019, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Chile

After two years of growth, overseas shipments of carrots and turnips decreased by -X% to X tonnes in 2019. In general, exports showed a noticeable descent. The pace of growth appeared the most rapid in 2011 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes. From 2012 to 2019, the growth exports failed to regain the momentum.

In value terms, carrot and turnip exports reduced sharply to $X in 2019. Overall, exports showed a pronounced reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for carrot and turnip exports from Chile, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

From 2007 to 2019, the average annual growth rate of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, the export price, however, showed a noticeable increase. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2007 to 2019, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Carrot And Turnip Imports

Imports into Chile

In 2019, overseas purchases of carrots and turnips increased by X% to X tonnes for the first time since 2014, thus ending a four-year declining trend. In general, imports saw a modest expansion. Over the period under review, imports attained the maximum at X tonnes in 2011; however, from 2012 to 2019, imports remained at a lower figure.

In value terms, carrot and turnip imports declined significantly to $X in 2019. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Argentina (X tonnes) was the main supplier of carrot and turnip to Chile, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from Argentina stood at +X%.

In value terms, Argentina ($X) constituted the largest supplier of carrot and turnip to Chile.

From 2007 to 2019, the average annual growth rate of value from Argentina totaled +X%.

Import Prices by Country

In 2019, the average carrot and turnip import price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

As there is only one major supplying country, the average price level is determined by prices for Argentina.

From 2007 to 2019, the rate of growth in terms of prices for Argentina amounted to +X% per year.

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) constituted the country with the largest volume of carrot and turnip consumption, accounting for 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. The third position in this ranking was occupied by Russia (1.7M tonnes), 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), accounting for 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. Russia (1.6M tonnes) ranked third in terms of total production with a 3.5% share.

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

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In value terms, Argentina ($31K) constituted the largest supplier of carrot and turnip to Chile.

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

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In 2019, the average carrot and turnip export price amounted to $512 per tonne, with a decrease of -29.1% against the previous year.

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

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The average carrot and turnip import price stood at $257 per tonne in 2019, which is down by -83% against the previous year.