Carrot and Turnip Market in the Middle East - Key Insights

IndexBox has just published a new report, the Middle East - Carrots And Turnips - Market Analysis, Forecast, Size, Trends and Insights. Here is a summary of the report's key findings.

The revenue of the carrot and turnip market in Middle East amounted to $X in 2017, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2012, when the market value increased by X% y-o-y. The level of carrot and turnip consumption peaked in 2017, and is expected to retain its growth in the near future.

Carrot And Turnip Production in the Middle East

In value terms, carrot and turnip production totaled $X in 2017 estimated in average export prices coutry-wise. The total output value increased at an average annual rate of +X% from 2007 to 2017; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2009, with an increase of X% y-o-y. The level of carrot and turnip production peaked at $X in 2010; however, from 2011 to 2017, production stood at a somewhat lower figure.

The countries with the highest volumes of carrot and turnip production in 2017 were Turkey (X tons), Iran (X tons) and Israel (X tons), with a combined X% share of total production. These countries were followed by Saudi Arabia, Iraq, the United Arab Emirates and Jordan, which together accounted for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of carrot and turnip production, amongst the main producing countries, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In 2017, average yield of carrots and turnips in Middle East amounted to X ton per ha, leveling off at the previous year. The carrot and turnip yield continues to indicate a relatively flat trend pattern.

The carrot and turnip harvested area totaled X ha in 2017, waning by -X% against the previous year. Despite this, the trend pattern of the harvested area remains relatively stable over the last decade.

Carrot And Turnip ExportsExports in the Middle East

In 2017, approx. X tons of carrots and turnips were exported in Middle East; declining by -X% against the previous year. The carrot and turnip exports continue to indicate a relatively flat trend pattern.

In value terms, carrot and turnip exports totaled $X (IndexBox estimates) in 2017. The total exports indicated a very slight increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. Over the period under review, carrot and turnip exports reached their peak figure at $X in 2013; however, from 2014 to 2017, exports failed to regain their momentum.

Exports by Country

In 2017, Israel (X tons) represented the major exporter for carrots and turnips, making up X% of total exports. It was distantly followed by Turkey (X tons), generating X% share of total exports. The following exporters - Syrian Arab Republic (X tons), Oman (X tons) and Saudi Arabia (X tons) each finished at a X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to carrot and turnip exports from Israel stood at +X%. At the same time, Oman (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in the Middle East over the last decade. Saudi Arabia, meanwhile, experienced a relatively flat trend pattern. By contrast, Syrian Arab Republic (-X%) illustrated a downward trend over the same period. While the share of Syrian Arab Republic (X%) increased significantly in terms of the total exports from 2007-2017, the share of Oman (-X%), Turkey (-X%) and Israel (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

Export Prices by Country

The carrot and turnip export price in Middle East stood at $X per ton in 2017, declining by -X% against the previous year. The export price indicated a moderate expansion from 2007 to 2017: its price 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. The price declined noticeably over the last four years - based on 2017 figures, the carrot and turnip export price decreased by -X% against 2014 indices.

Export prices varied noticeably by the country of destination; the country with the highest export price was Syrian Arab Republic ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Syrian Arab Republic (+X% per year), while the other leaders experienced more modest paces of growth.

Carrot And Turnip ImportsImports in the Middle East

In 2017, the amount of carrots and turnips imported in Middle East stood at X tons, lowering by -X% against the previous year. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2017.

In value terms, carrot and turnip imports stood at $X (IndexBox estimates) in 2017. The carrot and turnip imports continue to indicate a prominent increase. The level of imports peaked at $X in 2016, and then declined slightly in the following year.

Imports by Country

The United Arab Emirates was the major importer of carrots and turnips in Middle East, with the volume of imports finishing at X tons, which was near X% of total imports in 2017. It was distantly followed by Saudi Arabia (X tons), Kuwait (X tons), Lebanon (X tons), Qatar (X tons) and Iraq (X tons), together committing X% share of total imports. Jordan (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to carrot and turnip imports into the United Arab Emirates stood at +X%. At the same time, Saudi Arabia (+X%), Kuwait (+X%), Qatar (+X%), Lebanon (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing importer in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Iraq (-X%) illustrated a downward trend of imports over the same period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported carrots and turnips in Middle East, comprising X% of global imports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global imports. It was followed by Kuwait, with a X% share.

Import Prices by Country

In 2017, the carrot and turnip import price in Middle East amounted to $X per ton, dropping by -X% against the previous year. The import price indicated a measured growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Qatar ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Jordan (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform