ASEAN: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in ASEAN

In 2023, after two years of growth, there was significant decline in the ASEAN carrot and turnip market, when its value decreased by X% to $X. The total consumption indicated a mild expansion from 2012 to 2023: 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 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Carrot And Turnip Production in ASEAN

In value terms, carrot and turnip production stood at $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a slight increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. 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.

In Indonesia, carrot and turnip production expanded at an average annual rate of X% over the period from 2012-2023.

The average carrot and turnip yield stood at X tons per ha in 2023, almost unchanged from the previous year's figure. 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 throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 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, approx. X ha of carrots and turnips were harvested in ASEAN; which is down by X% compared with the year before. The harvested area increased at an average annual rate of X% over the period 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 2019 when the harvested area increased by X% against the previous year. As a result, the harvested area attained 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 ASEAN

Carrot and turnip exports skyrocketed to X tons in 2023, surging by X% compared with the year before. In general, exports recorded a strong 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 failed to regain momentum.

In value terms, carrot and turnip exports skyrocketed to $X in 2023. Overall, exports posted prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 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 failed to regain momentum.

Exports by Country

Vietnam was the main exporting country with an export of about X tons, which recorded X% of total exports. Malaysia (X tons) ranks second in terms of the total exports with a X% share, 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. Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per ton, approximately equating the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked 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 ASEAN

In 2023, after three years of growth, there was significant decline in purchases abroad of carrots and turnips, when their volume decreased by X% to X tons. Total imports indicated a mild expansion 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 growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, carrot and turnip imports declined remarkably to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. 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, and then dropped notably in the following year.

Imports by Country

In 2023, Thailand (X tons), Malaysia (X tons) and Vietnam (X tons) represented the largest importer of carrots and turnips in ASEAN, mixing up X% of total import. It was distantly followed by Singapore (X tons), achieving a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key 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, the largest carrot and turnip importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

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 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