Carrots and turnips market in Eastern Asia

Earlier Report Observations

From 2018 to 2021, the fresh or chilled carrots and turnips market in Eastern Asia grew from 18.4 million tons to 19.4 million tons. This expansion was primarily driven by the increasing concentration of the carrot seed sector, where dominant players like Limagrain and Bayer enhanced seed quality and farm yields. At the same time, the formation of a new market for carotenoid feed additives and the implementation of China's 14th Five-Year Plan for the forage industry created additional industrial demand for carrots, supporting overall market volume.

Market volume then eased to 18.9 million tons in 2022 and stabilized at the same level in 2023. During this phase, the industry focused on modernization, with the city of Shouguang introducing technical standards for carrot cultivation and storage to improve product quality. The accelerated development of the local prepared food industry and continued growth in national vegetable production provided a stable foundation for the market, even as overall consumption plateaued.

Production carrots and turnips in Eastern Asia

In kind, 2017-2020, K t

Top producers of carrots and turnips, 2017-2020

World map of production of carrots and turnips, 2017-2020

Eastern Asia's production of carrots and turnips has grown for the third year in a row. In 2020, the region produced 19 669 thousand tons, marking a 1.7% increase from the previous year. Looking at the period from 2017 to 2020, production rose by 5.2%, which translates to an average annual growth rate of 1.7%.

Annual dynamics of production in Eastern Asia in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of carrots and turnips output in Eastern Asia reached 9 640 million US dollars, up 3.6% from the year before. From 2017 to 2020, production value increased by 5.3%, with an annualized rate of 1.7%. The highest value was recorded in 2018 at 10 232 million US dollars, while the largest decline occurred in 2019 at 9.1%. The biggest increase was seen in 2018, with a jump of 11.7%.

Annual dynamics of production in Eastern Asia in value, 2017-2020, M $ US

Exports carrots and turnips from Eastern Asia

Exports in kind, K t

In 2020, Eastern Asia exported 718.4 thousand tons of carrots and turnips, showing a moderate decrease of 6.2% compared to 2019. Over the 2017-2020 period, exports fell by 3.6%, averaging an annual decline of 1.2%. The peak was in 2019 at 766.3 thousand tons, with the largest increase that year at 3.8%.

Annual dynamics of product's exports from Eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, Vietnam, Thailand, and Malaysia were the top buyers of carrots and turnips from Eastern Asia, accounting for 17.1%, 13.1%, and 9.7% of exports in kind, respectively. However, their combined share was just 39.9% of total exports, indicating a diversified market structure with many other countries involved.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Eastern Asia in kind, 2017-2020

Exports in value, M $ US

Carrots and turnips exports from Eastern Asia declined for the second consecutive year. In 2020, exports were valued at 352.1 million US dollars, down 4.5% from 2019. Between 2017 and 2020, exports decreased by 3.5%, with a compound annual growth rate of -1.2%. The highest value was recorded in 2018 at 397.9 million US dollars, while the largest drop occurred in 2019 at 7.4%. The biggest increase was in 2018, at 9.0%.

Annual dynamics of product's exports from Eastern Asia in value, 2017-2020, M $ US

During 2017-2020, Vietnam, Thailand, and Malaysia were significant buyers in value terms, contributing 20.9%, 9.7%, and 8.0% of exports, respectively. Together, they made up 38.7% of total export value, with the remaining 61.3% spread across numerous other trading partners.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Eastern Asia in value, 2017-2020

Imports carrots and turnips to Eastern Asia

Imports in kind, K t

In 2020, Eastern Asia imported 135.8 thousand tons of carrots and turnips, a moderate increase of 4.0% from the previous year. Over the 2017-2020 period, imports decreased by 13%, with an average annual decline of 4.5%. The lowest volume was in 2019 at 130.6 thousand tons, while the peak was in 2018 at 177.9 thousand tons. The largest decline happened in 2019 at 26.6%, and the biggest increase was in 2018 at 14.0%.

Annual dynamics of product's imports to Eastern Asia in kind, 2017-2020, K t

From 2017 to 2020, Vietnam, Asia not elsewhere specified, and Australia were key import partners in kind, with shares of 4.3%, 4.0%, and 2.9%, respectively. Combined, they accounted for 11.2% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Eastern Asia in kind, 2017-2020

Imports in value, M $ US

In 2020, the value of carrots and turnips imports into Eastern Asia totaled 80.7 million US dollars, rising 5.8% year-over-year. Between 2017 and 2020, imports fell by 3.1%, with an annualized decrease of 1.0%. The minimum value was in 2019 at 76.3 million US dollars, and the maximum was in 2018 at 111.9 million US dollars. The largest decline occurred in 2019 at 31.8%, while the biggest increase was in 2018 at 34.4%.

Annual dynamics of product's imports to Eastern Asia in value, 2017-2020, M $ US

During 2017-2020, imports in value terms were distributed across many markets. Australia, Vietnam, and Asia not elsewhere specified were notable, with shares of 5.7%, 4.7%, and 3.6%, respectively, but together they represented only 14.0% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Eastern Asia in value, 2017-2020