New Zealand: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in New Zealand

The New Zealand carrot and turnip market reached $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption saw a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Carrot And Turnip Production in New Zealand

In value terms, carrot and turnip production expanded slightly to $X in 2022 estimated in export price. In general, production showed a mild contraction. The growth pace was the most rapid in 2017 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

The average yield of carrots and turnips in New Zealand fell to X tons per ha in 2022, approximately equating the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 3.3%. Over the period under review, the average carrot and turnip yield attained the peak level at X tons per ha in 2021, and then contracted modestly 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, the carrot and turnip harvested area in New Zealand was estimated at X ha, almost unchanged from the previous year. Over the period under review, the harvested area, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 5.3%. Over the period under review, the harvested area dedicated to carrot and turnip production attained the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports from New Zealand

In 2022, overseas shipments of carrots and turnips were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, carrot and turnip exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Fiji (X tons) was the main destination for carrot and turnip exports from New Zealand, with a 51% share of total exports. Moreover, carrot and turnip exports to Fiji exceeded the volume sent to the second major destination, Saudi Arabia (X tons), fivefold. The third position in this ranking was taken by French Polynesia (X tons), with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume to Fiji totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+31.2% per year) and French Polynesia (-0.8% per year).

In value terms, Fiji ($X) remains the key foreign market for carrots and turnips exports from New Zealand, comprising 53% of total exports. The second position in the ranking was held by French Polynesia ($X), with an 11% share of total exports. It was followed by Saudi Arabia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value to Fiji stood at +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: French Polynesia (+3.6% per year) and Saudi Arabia (+31.9% per year).

Export Prices by Country

The average carrot and turnip export price stood at $X per ton in 2022, picking up by 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The growth pace was the most rapid in 2017 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Caledonia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into New Zealand

For the fourth consecutive year, New Zealand recorded decline in purchases abroad of carrots and turnips, which decreased by 0% to X tons in 2022. Overall, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 114% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, carrot and turnip imports stood at $X in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2018 with an increase of 145%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main carrot and turnip supplier to New Zealand, with a 96% share of total imports. It was followed by China (X kg), with a 2.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +50.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.4% per year) and Australia (+3.4% per year).

In value terms, the United States ($X) constituted the largest supplier of carrots and turnips to New Zealand, comprising 98% of total imports. The second position in the ranking was taken by China ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +53.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.2% per year) and Australia (+28.5% per year).

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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