Northern America: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Northern America

The North American carrot and turnip market was estimated at $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

Carrot And Turnip Production in Northern America

In value terms, carrot and turnip production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 4.4%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The United States (X tons) remains the largest carrot and turnip producing country in Northern America, comprising approx. 80% of total volume. Moreover, carrot and turnip production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume in the United States was relatively modest.

In 2022, the average yield of carrots and turnips in Northern America amounted to X tons per ha, remaining stable against the previous year. The yield figure increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the yield increased by 9.6% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2020 to 2022, the growth of the carrot and turnip yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of carrots and turnips in Northern America declined modestly to X ha, remaining relatively unchanged against 2021. In general, the harvested area recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 3% against the previous year. Over the period under review, the harvested area dedicated to carrot and turnip production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports in Northern America

In 2022, exports of carrots and turnips in Northern America dropped to X tons, leveling off at the previous year. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 4.7%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, carrot and turnip exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Canada (X tons) and the United States (X tons), together amounting to 99.9% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of +0.7%).

In value terms, the largest carrot and turnip supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +5.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 9.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.6%).

Carrot And Turnip Imports

Imports in Northern America

In 2022, carrot and turnip imports in Northern America rose rapidly to X tons, increasing by 6.4% compared with the year before. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 9.5% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, carrot and turnip imports surged to $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the key importing country with an import of about X tons, which amounted to 73% of total imports. It was distantly followed by Canada (X tons), mixing up a 27% share of total imports.

The United States was also the fastest-growing in terms of the carrots and turnips imports, with a CAGR of +4.9% from 2012 to 2022. Canada (-1.3%) illustrated a downward trend over the same period. While the share of the United States (+13 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-13.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the United States, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with an increase of 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.7%).

Source: IndexBox Platform

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