Mexico: Carrot And Turnip Market Overview 2020

Carrot And Turnip Market Size in Mexico

The revenue of the carrot and turnip market in Mexico amounted to $X in 2018, going up by X% against the previous year. In general, carrot and turnip consumption continues to indicate a temperate slump. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. In that year, the carrot and turnip market reached its peak level of $X. From 2012 to 2018, the growth of the carrot and turnip market failed to regain its momentum.

Carrot And Turnip Production in Mexico

In value terms, carrot and turnip production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when production volume increased by X% y-o-y. In that year, carrot and turnip production attained its peak level of $X. From 2012 to 2018, carrot and turnip production growth remained at a somewhat lower figure.

Average yield of carrots and turnips in Mexico amounted to X tonne per ha in 2018, remaining stable against the previous year. Over the period under review, the carrot and turnip yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when yield increased by X% year-to-year. Over the period under review, the average carrot and turnip yield reached its peak figure level in 2018 and is likely to continue its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, approx. X ha of carrots and turnips were harvested in Mexico; lowering by -X% against the previous year. In general, the carrot and turnip harvested area continues to indicate a moderate deduction. The most prominent rate of growth was recorded in 2011 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to carrot and turnip production reached its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Mexico

In 2018, the exports of carrots and turnips from Mexico totaled X tonnes, going up by X% against the previous year. Overall, carrot and turnip exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

In value terms, carrot and turnip exports amounted to $X in 2018. In general, carrot and turnip exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, carrot and turnip exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

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

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

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

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

Export Prices by Country

In 2018, the average carrot and turnip export price amounted to $X per tonne, increasing by X% against the previous year. Over the period under review, the export price indicated pronounced growth from 2007 to 2018: its price 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 2018 figures, carrot and turnip export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2010 an increase of X% against the previous year. The export price peaked in 2018 and is expected to retain its growth in the near future.

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

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Carrot And Turnip Imports

Imports into Mexico

In 2018, approx. X tonnes of carrots and turnips were imported into Mexico; jumping by X% against the previous year. In general, carrot and turnip imports, however, continue to indicate a moderate setback. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, carrot and turnip imports reached their peak of X tonnes. From 2009 to 2018, the growth of carrot and turnip imports remained at a somewhat lower figure.

In value terms, carrot and turnip imports amounted to $X in 2018. Over the period under review, carrot and turnip imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, carrot and turnip imports attained their peak figure at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, the U.S. (X tonnes) was the main supplier of carrot and turnip to Mexico, accounting for a approx. X% share of total imports.

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

Import Prices by Country

In 2018, the average carrot and turnip import price amounted to $X per tonne, jumping by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. Over the period under review, the average import prices for carrots and turnips attained their maximum in 2018 and is expected to retain its growth in the immediate term.

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

From 2007 to 2018, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform