South-Eastern Asia: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in South-Eastern Asia

For the third consecutive year, the Southeast Asian carrot and turnip market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Carrot And Turnip Production in South-Eastern Asia

In value terms, carrot and turnip production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

The country with the largest volume of carrot and turnip production was Indonesia (X tons), accounting for X% of total volume. Moreover, carrot and turnip production in Indonesia exceeded the figures recorded by the second-largest producer, the Philippines (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume in Indonesia stood at X%.

In 2022, the average yield of carrots and turnips in South-Eastern Asia reduced to X tons per ha, which is down by X% on 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha, and then contracted modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of carrots and turnips in South-Eastern Asia rose modestly to X ha, growing by X% compared with the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2020 to 2022, the growth of the carrot and turnip harvested area remained at a somewhat lower figure.

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Carrot And Turnip Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of carrots and turnips, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, carrot and turnip exports contracted significantly to $X in 2022. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Vietnam was the main exporter of carrots and turnips in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons) and Singapore (X tons). All these countries together held near X% share of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest carrot and turnip supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, carrot and turnip exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Carrot And Turnip Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of carrots and turnips increased by X% to X tons, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, carrot and turnip imports skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand represented the key importer of carrots and turnips in South-Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X tons), Vietnam (X tons) and Singapore (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform