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Venezuela - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights
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Venezuela: Carrot And Turnip Market Overview 2021

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Carrot And Turnip Market Size in Venezuela

The Venezuelan carrot and turnip market fell modestly to $X in 2020, reducing by -X% against the previous year. Over the period under review, consumption showed a mild reduction. The growth pace was the most rapid in 2009 when the market value increased by X% y-o-y. Carrot and turnip consumption peaked at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Carrot And Turnip Production in Venezuela

In value terms, carrot and turnip production reduced modestly to $X in 2020 estimated in export prices. Overall, production saw a slight reduction. The growth pace was the most rapid in 2009 when the production volume increased by X% year-to-year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

The average yield of carrots and turnips in Venezuela contracted to X tonnes per ha in 2020, leveling off at the year before. Over the period under review, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the yield increased by X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. from 2013 to 2020, the growth of the average carrot and turnip yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The carrot and turnip harvested area in Venezuela dropped modestly to X ha in 2020, shrinking by -X% against the year before. Over the period under review, the harvested area continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2011 to 2020, the growth of the carrot and turnip harvested area remained at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Venezuela

In 2020, the amount of carrots and turnips exported from Venezuela was estimated at X tonnes, therefore, remained relatively stable against 2019. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, carrot and turnip exports reached $X in 2020. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. Exports peaked at $X in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

Exports by Country

Aruba (X tonnes) was the main destination for carrot and turnip exports from Venezuela, with a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Aruba amounted to +X%.

In value terms, Aruba ($X) also remains the key foreign market for carrot and turnip exports from Venezuela.

From 2007 to 2020, the average annual growth rate of value to Aruba stood at +X%.

Export Prices by Country

The average carrot and turnip export price stood at $X per tonne in 2020, flattening at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per tonne. from 2010 to 2020, the growth in terms of the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2007 to 2020, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Carrot And Turnip Imports

Imports into Venezuela

For the third year in a row, Venezuela recorded growth in purchases abroad of carrots and turnips, which increased by X% to X tonnes in 2020. Over the period under review, imports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, carrot and turnip imports soared to $X in 2020. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2012 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2013 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, the Dominican Republic (X tonnes) was the main supplier of carrot and turnip to Venezuela, with a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Dominican Republic totaled -X%.

In value terms, the Dominican Republic ($X) constituted the largest supplier of carrot and turnip to Venezuela.

From 2007 to 2020, the average annual growth rate of value from the Dominican Republic stood at -X%.

Import Prices by Country

The average carrot and turnip import price stood at $X per tonne in 2020, flattening at the previous year. In general, the import price recorded a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2020 and is likely to continue growth in the near future.

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

From 2007 to 2020, the rate of growth in terms of prices for the Dominican Republic amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carrots and turnips in the world?
+
China (22M tonnes) remains the largest carrot and turnip consuming country worldwide, accounting for 47% of total volume. Moreover, carrot and turnip consumption in China exceeded the figures recorded by the second-largest consumer, Uzbekistan (3M tonnes), sevenfold. The third position in this ranking was occupied by Russia (1.7M tonnes), with a 3.6% share.
What are the largest producers of carrots and turnips in the world?
+
China (22M tonnes) constituted the country with the largest volume of carrot and turnip production, comprising approx. 48% of total volume. Moreover, carrot and turnip production in China exceeded the figures recorded by the second-largest producer, Uzbekistan (3.1M tonnes), sevenfold. Russia (1.6M tonnes) ranked third in terms of total production with a 3.4% share.
What are the leading suppliers of carrots and turnips to Venezuela?
+
In value terms, the Dominican Republic ($97K) constituted the largest supplier of carrot and turnip to Venezuela.
What are the leading importers of carrots and turnips from Venezuela?
+
In value terms, Aruba ($1.7K) remains the key foreign market for carrot and turnip exports from Venezuela.
What is the average export price for carrots and turnips in Venezuela?
+
The average carrot and turnip export price stood at $634 per tonne in 2020, approximately equating the previous year.
What is the average import price for carrots and turnips in Venezuela?
+
In 2020, the average carrot and turnip import price amounted to $1,007 per tonne, approximately mirroring the previous year.

Product coverage:
• FCL 426 - Carrot

This report provides an in-depth analysis of the carrot and turnip market in Venezuela. 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 2025.


Country coverage:
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Venezuela
• 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
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, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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