MERCOSUR: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in MERCOSUR

The MERCOSUR carrot and turnip market contracted to $X in 2023, therefore, remained relatively stable against the previous year. Overall, consumption saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Carrot And Turnip Production in MERCOSUR

In value terms, carrot and turnip production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were Argentina (X tons), Colombia (X tons) and Venezuela (X tons), with a combined X% share of total production. Peru, Chile, Ecuador and Uruguay lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Peru (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average carrot and turnip yield shrank to X tons per ha in 2023, remaining constant against the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2023, the growth of the carrot and turnip yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the carrot and turnip harvested area in MERCOSUR dropped to X ha, therefore, remained relatively stable against the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 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 2017; however, from 2018 to 2023, the harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports in MERCOSUR

In 2023, the amount of carrots and turnips exported in MERCOSUR rose significantly to X tons, surging by X% against 2022 figures. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports surged to $X in 2023. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Argentina represented the main exporting country with an export of around X tons, which amounted to X% of total exports. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by Chile (X%). Peru (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to carrot and turnip exports from Argentina stood at X%. At the same time, Brazil (X%), Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Peru (X p.p.) and Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest carrot and turnip supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Chile (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood 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 Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Carrot And Turnip Imports

Imports in MERCOSUR

In 2023, approx. X tons of carrots and turnips were imported in MERCOSUR; growing by X% compared with 2022. Overall, imports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports failed to regain momentum.

In value terms, carrot and turnip imports rose remarkably to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Paraguay (X tons) and Guyana (X tons) were the major importers of carrots and turnips in 2023, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Uruguay (X tons), making up a X% share of total imports. The following importers - Chile (X tons), Argentina (X tons) and Colombia (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uruguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X) constitutes the largest market for imported carrots and turnips in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Uruguay ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

In Guyana, carrot and turnip imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Uruguay (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, carrot and turnip import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform