Peru: Carrot And Turnip Market Overview 2020

Carrot And Turnip Market Size in Peru

The revenue of the carrot and turnip market in Peru amounted to $X in 2018, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. In that year, the carrot and turnip market reached its peak level and is likely to continue its growth in the immediate term.

Carrot And Turnip Production in Peru

In value terms, carrot and turnip production amounted to $X in 2018 estimated in export prices. Over the period under review, carrot and turnip production continues to indicate a modest increase. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, carrot and turnip production attained its peak figure level at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.

In 2018, the average carrot and turnip yield in Peru stood at X tonne per ha, picking up by X% against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2018; the trend pattern remained consistent, with only minor fluctuations over the period under review. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Carrot and turnip yield peaked 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.

Carrot and turnip harvested area in Peru totaled X ha in 2018, approximately reflecting the previous year. Over the period under review, the carrot and turnip harvested area continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2010 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to carrot and turnip production attained its maximum at X ha in 2008; however, from 2009 to 2018, harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Peru

Carrot and turnip exports from Peru amounted to X tonnes in 2018, picking up by X% against the previous year. Overall, carrot and turnip exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. In that year, carrot and turnip exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, carrot and turnip exports stood at $X in 2018. Overall, carrot and turnip exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. In that year, carrot and turnip exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Bolivia (X tonnes) was the main destination for carrot and turnip exports from Peru, with a X% share of total exports. Moreover, carrot and turnip exports to Bolivia exceeded the volume sent to the second major destination, South Korea (X kg), more than tenfold.

From 2007 to 2018, the average annual growth rate of volume to Bolivia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Poland (+X% per year).

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

From 2007 to 2018, 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: South Korea (X% per year) and Bolivia (+X% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2018, jumping by X% against the previous year. In general, the carrot and turnip export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for carrots and turnips reached their maximum at $X per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced a decline.

Carrot And Turnip Imports

Imports into Peru

In 2018, the amount of carrots and turnips imported into Peru totaled X kg, declining by -X% against the previous year. In general, carrot and turnip imports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2014 with a decrease of -X% year-to-year. Imports peaked at X kg in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, carrot and turnip imports totaled $X in 2018. Overall, carrot and turnip imports continue to indicate a deep decline. The pace of growth was the most pronounced in 2012 when imports decreased by -X% year-to-year. Over the period under review, carrot and turnip imports reached their maximum at $X in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, Chile (X kg) was the main supplier of carrot and turnip to Peru, accounting for a approx. X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of volume from Chile totaled -X%.

In value terms, Chile ($X) constituted the largest supplier of carrot and turnip to Peru.

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

Import Prices by Country

In 2018, the average carrot and turnip import price amounted to $X per tonne, going up 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 2015 an increase of X% y-o-y. Over the period under review, the average import prices for carrots and turnips attained their peak figure in 2018 and is expected to retain its growth in the near future.

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

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

Source: IndexBox AI Platform