South-Eastern Asia: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in the Southeast Asian carrot and turnip market, when its value decreased by X% to $X. The total consumption indicated a modest increase from 2012 to 2023: its value 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 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2023, 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 2023 estimated in export price. Overall, production, however, showed a mild expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth failed to regain momentum.

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), tenfold.

From 2012 to 2023, the average annual growth rate of volume in Indonesia totaled X%.

In 2023, the average carrot and turnip yield in South-Eastern Asia reached X tons per ha, remaining constant against 2022. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2022 to 2023, the growth of the carrot and turnip yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the carrot and turnip harvested area in South-Eastern Asia reduced to X ha, dropping by X% compared with 2022. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2020 to 2023, the growth of the carrot and turnip harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports in South-Eastern Asia

In 2023, the amount of carrots and turnips exported in South-Eastern Asia skyrocketed to X tons, growing by X% against the previous year's figure. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports soared to $X in 2023. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam represented the major exporter of carrots and turnips in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (X%). Singapore (X tons) took a little share of total exports.

Vietnam was also the fastest-growing in terms of the carrots and turnips exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) displayed positive paces of growth. Singapore and Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

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

In Vietnam, carrot and turnip exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, approximately reflecting the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Singapore ($X per ton) and Malaysia ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Carrot And Turnip Imports

Imports in South-Eastern Asia

In 2023, after three years of growth, there was significant decline in supplies from abroad of carrots and turnips, when their volume decreased by X% to X tons. Total imports indicated a modest increase from 2012 to 2023: its volume 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 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, carrot and turnip imports shrank markedly to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

The purchases of the three major importers of carrots and turnips, namely Thailand, Malaysia and Vietnam, represented more than two-thirds of total import. It was distantly followed by Singapore (X tons), making up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, 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