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Philippines - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Carrot And Turnip Market Overview 2020

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Carrot And Turnip Market Size in the Philippines

The revenue of the carrot and turnip market in the Philippines amounted to $X in 2018, falling by -X% against the previous year. In general, the total market indicated a moderate increase from 2007 to 2018: its value 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 consumption decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the carrot and turnip market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption remained at a lower figure.

Carrot And Turnip Production in the Philippines

In value terms, carrot and turnip production amounted to $X in 2018 estimated in export prices. In general, the total output indicated a perceptible increase from 2007 to 2018: its value 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 production decreased by -X% against 2011 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, carrot and turnip production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Average yield of carrots and turnips in the Philippines totaled X tonne per ha in 2018, remaining relatively unchanged against the previous year. Over the period under review, the carrot and turnip yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the average carrot and turnip yield attained its peak figure level at X tonne per ha in 2015; afterwards, it flattened through to 2018. 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 the Philippines stood at X ha in 2018, stabilizing at the previous year. Over the period under review, the carrot and turnip harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% against the previous year. Carrot and turnip harvested area peaked at X ha in 2010; however, from 2011 to 2018, harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from the Philippines

In 2018, the amount of carrots and turnips exported from the Philippines totaled X tonnes, jumping by X% against the previous year. Overall, carrot and turnip exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Exports peaked in 2018 and are likely to continue its growth in the immediate term.

In value terms, carrot and turnip exports stood at $X in 2018. Over the period under review, carrot and turnip exports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. In that year, carrot and turnip exports attained their peak of $X. From 2017 to 2018, the growth of carrot and turnip exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for carrot and turnip exports from the Philippines, accounting for a X% share of total exports. Moreover, carrot and turnip exports to Saudi Arabia exceeded the volume sent to the second major destination, Japan (X tonnes), fourfold. Oman (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Oman (-X% per year).

In value terms, the largest markets for carrot and turnip exported from the Philippines were Saudi Arabia ($X), Oman ($X) and Bahrain ($X), together accounting for X% of total exports.

Saudi Arabia (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average carrot and turnip export price amounted to $X per tonne, declining by -X% against the previous year. In general, the export price indicated a noticeable expansion from 2007 to 2018: 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 2018 figures, carrot and turnip export price decreased by -X% against 2011 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for carrots and turnips attained their maximum at $X per tonne in 2011; however, from 2012 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Oman ($X per tonne), while the average price for exports to Japan ($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 Saudi Arabia, while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into the Philippines

Carrot and turnip imports into the Philippines amounted to X tonnes in 2018, waning by -X% against the previous year. Overall, carrot and turnip imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, carrot and turnip imports attained their peak figure at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, carrot and turnip imports amounted to $X in 2018. In general, carrot and turnip imports continue to indicate a deep descent. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, carrot and turnip imports reached their peak of $X. From 2012 to 2018, the growth of carrot and turnip imports remained at a lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2018, rising by X% against the previous year. Over the period under review, the import price indicated a buoyant increase from 2007 to 2018: 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 2018 figures, carrot and turnip import price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. Over the period under review, the average import prices for carrots and turnips reached their maximum in 2018 and is likely to see steady growth in the immediate term.

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

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

Source: IndexBox AI Platform

Product coverage:
• FCL 426 - Carrot

This report provides an in-depth analysis of the carrot and turnip market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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