India: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in India

The Indian carrot and turnip market expanded modestly to $X in 2022, with an increase of 3.1% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Carrot And Turnip Production in India

In value terms, carrot and turnip production amounted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. Carrot and turnip production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of carrots and turnips in India was estimated at X tons per ha, remaining relatively unchanged against the year before. Overall, the yield saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 0.4% against the previous year. Over the period under review, the average carrot and turnip yield hit record highs at X tons per ha in 2020; afterwards, it flattened through to 2022. 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 India; remaining stable against the previous year's figure. The harvested area increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 3.7%. Over the period under review, the harvested area dedicated to carrot and turnip production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Carrot And Turnip Exports

Exports from India

After two years of growth, shipments abroad of carrots and turnips decreased by -13.3% to X tons in 2022. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, carrot and turnip exports fell significantly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 88%. As a result, the exports attained the peak of $X, and then plummeted in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for carrot and turnip exports from India, accounting for a 62% share of total exports. Moreover, carrot and turnip exports to the United Arab Emirates exceeded the volume sent to the second major destination, Bhutan (X tons), twofold. The third position in this ranking was taken by Nepal (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (+89.4% per year) and Nepal (+26.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for carrots and turnips exports from India, comprising 64% of total exports. The second position in the ranking was taken by Bhutan ($X), with an 18% share of total exports. It was followed by Canada, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (+118.0% per year) and Canada (+108.1% per year).

Export Prices by Country

In 2022, the average carrot and turnip export price amounted to $X per ton, shrinking by -15.5% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 export price decreased by -18.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 78%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 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 Canada ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into India

Carrot and turnip imports into India rose markedly to X tons in 2022, growing by 9.7% compared with 2021. The total import volume increased at an average annual rate of +9.7% over the period from 2021 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, carrot and turnip imports soared to $X in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bhutan (X tons) was the main supplier of carrot and turnip to India, accounting for a approx. 99% share of total imports.

From 2021 to 2022, the average annual rate of growth in terms of volume from Bhutan was relatively modest.

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

From 2021 to 2022, the average annual growth rate of value from Bhutan was relatively modest.

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, growing by 52% against the previous year. Over the period under review, import price indicated significant growth from 2021 to 2022: its price increased at an average annual rate of +52.2% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2021 to 2022, the rate of growth in terms of prices for Bhutan amounted to 0.0% per year.

Source: IndexBox Platform

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