GCC: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in GCC

The GCC carrot and turnip market was estimated at $X in 2022, with an increase of 3.2% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Carrot And Turnip Production in GCC

In value terms, carrot and turnip production rose slightly to $X in 2022 estimated in export price. In general, production recorded mild growth. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Saudi Arabia (X tons), Oman (X tons) and the United Arab Emirates (X tons), together accounting for 98% of total production.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +26.8%), while production for the other leaders experienced a decline in the production figures.

The average carrot and turnip yield dropped to X tons per ha in 2022, with a decrease of -10.8% against 2021 figures. Overall, the yield, however, continues to indicate temperate growth. The growth pace was the most rapid in 2017 with an increase of 41% against the previous year. The level of yield peaked at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of carrots and turnips were harvested in GCC; jumping by 36% on the previous year's figure. Over the period under review, the harvested area, however, recorded a deep reduction. The level of harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports in GCC

Carrot and turnip exports shrank slightly to X tons in 2022, with a decrease of -3% compared with 2021 figures. Total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.4% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 60%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, carrot and turnip exports reduced to $X in 2022. Total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.4% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 58%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Saudi Arabia (X tons), Oman (X tons) and the United Arab Emirates (X tons), together amounting to 99% of total export.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +5.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Saudi Arabia ($X), together comprising 99% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +7.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, shrinking by -5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 an increase of 17%. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.5%), while the other leaders experienced a decline in the export price figures.

Carrot And Turnip Imports

Imports in GCC

In 2022, purchases abroad of carrots and turnips was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 17%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, carrot and turnip imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates represented the key importer of carrots and turnips in GCC, with the volume of imports amounting to X tons, which was near 43% of total imports in 2022. Saudi Arabia (X tons) ranks second in terms of the total imports with a 26% share, followed by Qatar (11%), Kuwait (10%) and Oman (6.5%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +7.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carrot and turnip importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for 79% of total imports.

Among the main importing countries, Qatar, with a CAGR of +10.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by 1.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 13%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform