Portugal: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Portugal

The Portuguese carrot and turnip market skyrocketed to $X in 2022, surging by 23% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Carrot and turnip consumption peaked in 2022 and is expected to retain growth in the near future.

Carrot And Turnip Production in Portugal

In value terms, carrot and turnip production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% 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 2020 with an increase of 60%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

In 2022, the average carrot and turnip yield in Portugal dropped to X tons per ha, reducing by -2.6% compared with 2021. Over the period under review, the yield indicated a measured increase from 2012 to 2022: its figure increased at an average annual rate of +4.1% 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 increased by +2.7% against 2020 indices. The pace of growth was the most pronounced in 2018 when the yield increased by 41%. Over the period under review, the average carrot and turnip yield hit record highs at X tons per ha in 2021, and then reduced 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 total area harvested in terms of carrots and turnips production in Portugal stood at X ha, almost unchanged from the previous year. In general, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 57%. Over the period under review, the harvested area dedicated to carrot and turnip production reached the peak figure at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Carrot And Turnip Exports

Exports from Portugal

In 2022, overseas shipments of carrots and turnips decreased by -42.2% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 101% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, carrot and turnip exports fell markedly to $X in 2022. Overall, exports, however, showed modest growth. The pace of growth was the most pronounced in 2018 when exports increased by 117% against the previous year. The exports peaked at $X in 2021, and then fell markedly in the following year.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of carrot and turnip exports from Portugal, together accounting for 65% of total exports. The Czech Republic, Cabo Verde, Latvia and the Netherlands lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), France ($X) and the Czech Republic ($X) constituted the largest markets for carrot and turnip exported from Portugal worldwide, with a combined 53% share of total exports.

Among the main countries of destination, Latvia, with a CAGR of +26.7%, saw the highest rates of growth with regard to 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 average carrot and turnip export price stood at $X per ton in 2022, increasing by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to France ($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 Latvia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Portugal

In 2022, purchases abroad of carrots and turnips increased by 37% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports 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 surged to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) was the main supplier of carrot and turnip to Portugal, with a 91% share of total imports. Moreover, carrot and turnip imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.6% per year) and the Netherlands (+23.1% per year).

In value terms, Spain ($X) constituted the largest supplier of carrots and turnips to Portugal, comprising 89% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.4% per year) and France (-5.3% per year).

Import Prices by Country

The average carrot and turnip import price stood at $X per ton in 2022, picking up by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 an increase of 46%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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