Mexico: Carrot And Turnip Market Overview 2021

Carrot And Turnip Market Size in Mexico

The Mexican carrot and turnip market contracted to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption recorded a pronounced decline. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Carrot and turnip consumption peaked at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Carrot And Turnip Production in Mexico

In value terms, carrot and turnip production contracted to $X in 2020 estimated in export prices. Over the period under review, production showed a mild decline. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, production reached the maximum level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

The average yield of carrots and turnips in Mexico stood at X tonnes per ha in 2020, flattening at 2019 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the yield increased by X% against the previous year. The carrot and turnip yield peaked in 2020 and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carrot and turnip harvested area in Mexico reduced modestly to X ha in 2020, waning by -X% on the year before. Over the period under review, the harvested area recorded a pronounced decline. The most prominent rate of growth was recorded in 2011 with an increase of 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 2007; however, from 2008 to 2020, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Mexico

After two years of growth, overseas shipments of carrots and turnips decreased by -X% to X tonnes in 2020. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked at X tonnes in 2019, and then contracted modestly in the following year.

In value terms, carrot and turnip exports fell to $X in 2020. Over the period under review, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2019, and then contracted in the following year.

Exports by Country

The U.S. (X tonnes) was the main destination for carrot and turnip exports from Mexico, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to the U.S. stood at +X%.

In value terms, the U.S. ($X) also remains the key foreign market for carrot and turnip exports from Mexico.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

In 2020, the average carrot and turnip export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Carrot And Turnip Imports

Imports into Mexico

After four years of growth, purchases abroad of carrots and turnips decreased by -X% to X tonnes in 2020. Overall, imports saw a deep contraction. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at X tonnes in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, carrot and turnip imports shrank sharply to $X in 2020. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the U.S. (X tonnes) was the main carrot and turnip supplier to Mexico, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled -X%.

In value terms, the U.S. ($X) constituted the largest supplier of carrot and turnip to Mexico.

From 2007 to 2020, the average annual growth rate of value from the U.S. stood at -X%.

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, import price indicated temperate growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, carrot and turnip import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2020 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

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, comprising approx. 47% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (3M tonnes), sevenfold. Russia (1.7M tonnes) ranked third in terms of total consumption 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 Mexico?

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In value terms, the U.S. ($1.6M) constituted the largest supplier of carrot and turnip to Mexico.

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

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In value terms, the U.S. ($51M) remains the key foreign market for carrot and turnip exports from Mexico.

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

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The average carrot and turnip export price stood at $402 per tonne in 2020, shrinking by -7.6% against the previous year.

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

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The average carrot and turnip import price stood at $1,022 per tonne in 2020, with an increase of 3.1% against the previous year.