ECOWAS: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in ECOWAS

The ECOWAS carrot and turnip market was estimated at $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Carrot And Turnip Production in ECOWAS

In value terms, carrot and turnip production totaled $X in 2023 estimated in export price. In general, production continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Nigeria (X tons) remains the largest carrot and turnip producing country in ECOWAS, comprising approx. X% of total volume. Moreover, carrot and turnip production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), threefold. Senegal (X tons) ranked third in terms of total production with an X% share.

In Nigeria, carrot and turnip production remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Niger (X% per year) and Senegal (X% per year).

In 2023, the average yield of carrots and turnips in ECOWAS dropped to X tons per ha, stabilizing at the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the carrot and turnip yield attained the peak level at X tons per ha in 2022, and then contracted in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of carrots and turnips production in ECOWAS totaled X ha, approximately equating 2022 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to carrot and turnip production attained the maximum at X ha in 2021; afterwards, it flattened through to 2023.

Carrot And Turnip Exports

Exports in ECOWAS

In 2023, the amount of carrots and turnips exported in ECOWAS surged to X tons, jumping by X% compared with the previous year. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, carrot and turnip exports rose remarkably to $X in 2023. In general, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Mali was the main exporting country with an export of about X tons, which resulted at X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Cote d'Ivoire (X%).

From 2012 to 2023, the biggest increases were recorded for Mali (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip supplying countries in ECOWAS were Senegal ($X), Mali ($X) and Cote d'Ivoire ($X), together comprising X% of total exports.

Senegal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Mali ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Carrot And Turnip Imports

Imports in ECOWAS

In 2023, after two years of growth, there was decline in overseas purchases of carrots and turnips, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then dropped slightly in the following year.

In value terms, carrot and turnip imports declined to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Senegal (X tons) represented the key importer of carrots and turnips, achieving X% of total imports. Cote d'Ivoire (X tons) took the second position in the ranking, distantly followed by Ghana (X tons) and Mali (X tons). All these countries together held near X% share of total imports. The following importers - Burkina Faso (X tons) and Cabo Verde (X tons) - each resulted at an X% share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Mali (X%), Ghana (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Ghana, Mali and Burkina Faso increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Cabo Verde, Mali and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mali, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform