Bangladesh: Carrot And Turnip Market 2025

Carrot And Turnip Market Size in Bangladesh

The Bangladeshi carrot and turnip market dropped to $X in 2022, declining by -6.9% against the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Carrot And Turnip Production in Bangladesh

In value terms, carrot and turnip production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 151%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

The average yield of carrots and turnips in Bangladesh shrank to X tons per ha in 2022, with a decrease of -4.6% compared with 2021. In general, the yield indicated strong growth from 2012 to 2022: its figure increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carrot and turnip yield decreased by -16.6% against 2019 indices. The growth pace was the most rapid in 2019 when the yield increased by 45% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2020 to 2022, the growth of the average carrot and turnip yield failed to regain momentum. 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 Bangladesh contracted to X ha in 2022, with a decrease of -8.3% against 2021 figures. Over the period under review, the total harvested area indicated strong growth from 2012 to 2022: its figure increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carrot and turnip harvested area increased by +10.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the harvested area reached the peak level of X ha, and then dropped in the following year.

Carrot And Turnip Exports

Exports from Bangladesh

In 2022, the amount of carrots and turnips exported from Bangladesh declined rapidly to X tons, which is down by -39.1% against the previous year's figure. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 357% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, carrot and turnip exports shrank notably to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 547% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for carrot and turnip exports from Bangladesh, accounting for a 22% share of total exports. Moreover, carrot and turnip exports to Singapore exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +31.8%.

In value terms, Singapore ($X) emerged as the key foreign market for carrots and turnips exports from Bangladesh, comprising 15% of total exports. The second position in the ranking was taken by India ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Singapore amounted to +24.5%.

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the export price, however, showed a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 67% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-5.6%).

Carrot And Turnip Imports

Imports into Bangladesh

Carrot and turnip imports into Bangladesh rose modestly to X tons in 2022, surging by 4% compared with 2021. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 144%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, carrot and turnip imports reduced to $X in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 83%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of carrot and turnip to Bangladesh, with a approx. 99.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +38.8%.

In value terms, China ($X) constituted the largest supplier of carrots and turnips to Bangladesh.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +25.3%.

Import Prices by Country

In 2022, the average carrot and turnip import price amounted to $X per ton, falling by -8.6% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -9.7% per year.

Source: IndexBox Platform

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