Chile: Carrot And Turnip Market Overview 2020

Carrot And Turnip Market Size in Chile

The revenue of the carrot and turnip market in Chile amounted to $X in 2018, reducing by -X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the carrot and turnip market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Carrot And Turnip Production in Chile

In value terms, carrot and turnip production totaled $X in 2018 estimated in export prices. In general, carrot and turnip production continues to indicate a pronounced expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. In that year, carrot and turnip production reached its peak level of $X. From 2016 to 2018, carrot and turnip production growth remained at a lower figure.

Average yield of carrots and turnips in Chile stood at X tonne per ha in 2018, increasing by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The growth pace was the most rapid in 2014 when yield increased by X% against the previous year. Over the period under review, the average carrot and turnip yield attained its maximum level in 2018 and is likely to see steady growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of carrots and turnips production in Chile totaled X ha, remaining constant against the previous year. Overall, the carrot and turnip harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to carrot and turnip production attained its maximum at X ha in 2009; however, from 2010 to 2018, harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Chile

In 2018, the carrot and turnip exports from Chile amounted to X tonnes, picking up by X% against the previous year. Overall, carrot and turnip exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, carrot and turnip exports reached their peak of X tonnes. From 2012 to 2018, the growth of carrot and turnip exports remained at a lower figure.

In value terms, carrot and turnip exports totaled $X in 2018. Over the period under review, carrot and turnip exports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. In that year, carrot and turnip exports reached their peak of $X. From 2012 to 2018, the growth of carrot and turnip exports failed to regain its momentum.

Exports by Country

Germany (X tonnes), the Czech Republic (X tonnes) and the U.S. (X tonnes) were the main destinations of carrot and turnip exports from Chile, together accounting for X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Czech Republic (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for carrot and turnip exports from Chile, comprising X% of total carrot and turnip exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Overall, the carrot and turnip export price, however, continues to indicate notable growth. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. In that year, the average export prices for carrots and turnips reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average export prices for carrots and turnips remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay, while the prices for the other major destinations experienced a decline.

Carrot And Turnip Imports

Imports into Chile

In 2018, the amount of carrots and turnips imported into Chile totaled X tonnes, picking up by X% against the previous year. Overall, carrot and turnip imports continue to indicate perceptible growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

In value terms, carrot and turnip imports totaled $X in 2018. In general, carrot and turnip imports continue to indicate a notable increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, carrot and turnip imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes) constituted the largest carrot and turnip supplier to Chile, accounting for 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), threefold.

From 2007 to 2018, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

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

From 2007 to 2018, the average annual growth rate of value from the U.S. totaled +X%.

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2018, waning by -X% against the previous year. Over the period under review, the carrot and turnip import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, the average import prices for carrots and turnips attained their maximum at $X per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2018, the country with the highest price was Argentina ($X per tonne), while the price for the U.S. totaled $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Argentina.

Source: IndexBox AI Platform