Chile: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Chile

In 2022, the Chilean carrot and turnip market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in Chile

In value terms, carrot and turnip production fell significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

The average yield of carrots and turnips in Chile was estimated at X tons per ha in 2022, remaining stable against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The carrot and turnip yield peaked in 2022 and is likely to continue 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.

In 2022, approx. X ha of carrots and turnips were harvested in Chile; increasing by X% compared with the year before. Overall, the harvested area, however, saw a perceptible slump. 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 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from Chile

In 2022, approx. X tons of carrots and turnips were exported from Chile; remaining constant against the previous year. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, carrot and turnip exports totaled $X in 2022. Over the period under review, exports showed modest growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for carrot and turnip exports from Chile, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Argentina was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to X%.

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price faced a abrupt setback. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to X% per year.

Carrot And Turnip Imports

Imports into Chile

In 2022, imports of carrots and turnips into Chile soared to X tons, increasing by X% on 2021 figures. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, carrot and turnip imports reduced to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of carrot and turnip to Chile, with a X% share of total imports. Moreover, carrot and turnip imports from the United States exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Austria (X% per year).

In value terms, the United States ($X) constituted the largest supplier of carrots and turnips to Chile, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the average carrot and turnip import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform