Colombia: Carrot And Turnip Market Overview 2021

Carrot And Turnip Market Size in Colombia

The Colombian carrot and turnip market reached $X in 2020, picking up by X% against the previous year. In general, consumption continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Carrot and turnip consumption peaked at $X in 2011; however, from 2012 to 2020, consumption remained at a lower figure.

Carrot And Turnip Production in Colombia

In value terms, carrot and turnip production totaled $X in 2020 estimated in export prices. In general, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2010 when the production volume increased by X% against the previous year. Carrot and turnip production peaked at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

In 2020, the average carrot and turnip yield in Colombia declined modestly to X tonnes per ha, therefore, remained relatively stable against 2019. Over the period under review, the yield saw a slight slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the average carrot and turnip yield attained the peak level at X tonnes per ha in 2008; however, from 2009 to 2020, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of carrots and turnips were harvested in Colombia; increasing by X% on the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to carrot and turnip production reached the maximum at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Colombia

In 2020, after seven years of growth, there was significant decline in shipments abroad of carrots and turnips, when their volume decreased by -X% to X tonnes. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by X% year-to-year. As a result, exports reached the peak of X tonnes, and then dropped rapidly in the following year.

In value terms, carrot and turnip exports declined markedly to $X in 2020. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

France (X kg), Curacao (X kg) and Germany (X kg) were the main destinations of carrot and turnip exports from Colombia, together accounting for X% of total exports. These countries were followed by Antigua and Barbuda, Bermuda, Aruba and Canada, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Antigua and Barbuda, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carrot and turnip exported from Colombia were Bermuda ($X), Curacao ($X) and France ($X), with a combined X% share of total exports. These countries were followed by Germany, Antigua and Barbuda, Aruba and Canada, which together accounted for a further X and Barbuda recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Bermuda ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Antigua and Barbuda, while the prices for the other major destinations experienced a decline.

Carrot And Turnip Imports

Imports into Colombia

In 2020, the amount of carrots and turnips imported into Colombia declined to X tonnes, waning by -X% against the previous year's figure. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, carrot and turnip imports dropped notably to $X in 2020. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, the U.S. (X tonnes) was the main carrot and turnip supplier to Colombia, 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, Costa Rica (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and China (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Costa Rica (+X% per year).

Import Prices by Country

In 2020, the average carrot and turnip import price amounted to $X per tonne, waning by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2019 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per tonne), while the price for Costa Rica ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Costa Rica, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

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China (22M tonnes) remains the largest carrot and turnip consuming country worldwide, accounting for 47% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (3M tonnes), sevenfold. The third position in this ranking was occupied by Russia (1.7M tonnes), with a 3.6% 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 (22M tonnes), accounting for 48% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (3.1M tonnes), sevenfold. The third position in this ranking was occupied by Russia (1.6M tonnes), with a 3.4% share.

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

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In value terms, the U.S. ($134K) constituted the largest supplier of carrot and turnip to Colombia, comprising 95% of total imports. The second position in the ranking was occupied by China ($4.2K), with a 3% share of total imports.

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

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In value terms, the largest markets for carrot and turnip exported from Colombia were Bermuda ($390), Curacao ($257) and France ($247), together comprising 54% of total exports. These countries were followed by Germany, Antigua and Barbuda, Aruba and Canada, which together accounted for a further 28%.

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

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In 2020, the average carrot and turnip export price amounted to $739 per tonne, surging by 4.3% against the previous year.

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

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In 2020, the average carrot and turnip import price amounted to $1,217 per tonne, reducing by -37.2% against the previous year.