Peru: Carrot And Turnip Market Overview 2021

Carrot And Turnip Market Size in Peru

In 2019, the Peruvian carrot and turnip market increased by X% to $X, rising for the seventh year in a row after two years of decline. Overall, the total consumption indicated mild growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Carrot And Turnip Production in Peru

In value terms, carrot and turnip production stood at $X in 2019 estimated in export prices. Over the period under review, production showed a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Carrot and turnip production peaked in 2019 and is likely to see steady growth in the near future.

The average yield of carrots and turnips in Peru expanded to X tonnes per ha in 2019, surging by X% on 2018 figures. The yield figure increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the yield increased by X% year-to-year. Over the period under review, the average carrot and turnip yield attained the peak level in 2019 and is likely to see steady 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.

In 2019, the carrot and turnip harvested area in Peru expanded to X ha, picking up by X% against the year before. Over the period under review, the harvested area, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to carrot and turnip production reached the maximum at X ha in 2008; however, from 2009 to 2019, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Peru

In 2019, after two years of growth, there was significant decline in overseas shipments of carrots and turnips, when their volume decreased by -X% to X tonnes. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2013 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, carrot and turnip exports expanded notably to $X in 2019. In general, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2012 with an increase of X% y-o-y. As a result, exports attained the peak of $X. From 2013 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Poland (X kg), Bolivia (X kg) and France (X kg) were the main destinations of carrot and turnip exports from Peru, with a combined X% share of total exports. These countries were followed by Austria, Canada and Malaysia, which together accounted for a further X 2007 to 2019, the biggest increases were in Canada, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the key foreign market for carrot and turnip exports from Peru, comprising X% of total exports. The second position in the ranking was occupied by Bolivia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Poland totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+X% per year) and Austria (X% per year).

Export Prices by Country

In 2019, 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 posted a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is likely to continue growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Poland ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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China (21M tonnes) remains the largest carrot and turnip consuming country worldwide, comprising approx. 46% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (2.7M tonnes), eightfold. Russia (1.7M tonnes) ranked third in terms of total consumption with a 3.9% share.

What are the largest producers of carrots and turnips in the world?

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China (21M tonnes) remains the largest carrot and turnip producing country worldwide, comprising approx. 48% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (2.8M tonnes), eightfold. Russia (1.6M tonnes) ranked third in terms of total production with a 3.5% share.

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

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In value terms, Poland ($20K) remains the key foreign market for carrot and turnip exports from Peru, comprising 63% of total exports. The second position in the ranking was occupied by Bolivia ($7.4K), with a 24% share of total exports. It was followed by Austria, with a 5.1% share.

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

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The average carrot and turnip export price stood at $26,350 per tonne in 2019, growing by 88% against the previous year.