Portugal: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in Portugal

In 2023, the Portuguese carrot and turnip market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Carrot and turnip consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Carrot And Turnip Production in Portugal

In value terms, carrot and turnip production expanded slightly to $X in 2023 estimated in export price. In general, the total production indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The average yield of carrots and turnips in Portugal expanded significantly to X tons per ha in 2023, picking up by X% on 2022 figures. Overall, the yield indicated measured growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, carrot and turnip yield decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The carrot and turnip yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the yield stood 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 2023, the total area harvested in terms of carrots and turnips production in Portugal rose remarkably to X ha, increasing by X% against the year before. In general, the harvested area, however, saw a slight downturn. The pace of growth was the most pronounced in 2020 when the harvested area increased by X%. The carrot and turnip harvested area peaked at X ha in 2014; however, from 2015 to 2023, the harvested area stood at a somewhat lower figure.

Carrot And Turnip Exports

Exports from Portugal

In 2023, overseas shipments of carrots and turnips were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports posted a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, carrot and turnip exports skyrocketed to $X in 2023. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked in 2023 and are likely to see gradual growth in years to come.

Exports by Country

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

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) constituted the largest markets for carrot and turnip exported from Portugal worldwide, together accounting for X% of total exports. The Czech Republic, Latvia, Poland and Cabo Verde lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded 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 average carrot and turnip export price stood at $X per ton in 2023, picking up by X% against the previous year. In general, export price indicated resilient growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, carrot and turnip export price increased by X% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2023, 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 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carrot And Turnip Imports

Imports into Portugal

In 2023, purchases abroad of carrots and turnips increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carrot and turnip imports skyrocketed to $X in 2023. Over the period under review, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Spain (X tons) constituted the largest supplier of carrot and turnip to Portugal, accounting for a X% share of total imports. Moreover, carrot and turnip imports from Spain exceeded the figures recorded by the second-largest supplier, Israel (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and France (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average carrot and turnip import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, carrot and turnip import price increased by X% against 2017 indices. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform