Carrots and turnips market in South-eastern Asia

Earlier Report Observations

From 2018 to 2023, the market volume for fresh carrots and turnips in South-eastern Asia experienced notable fluctuations. After a contraction to 877 thousand tonnes in 2019, demand recovered and expanded steadily, peaking at 1 134 thousand tonnes in 2022. The following year brought a moderation, with the market settling at 1 037 thousand tonnes in 2023.

The import volume surged to 469 thousand tonnes in 2024, reflecting stronger regional consumption. This increase aligns with broader market drivers such as rising urban incomes and heightened health consciousness among consumers, which boosted demand for fresh vegetables. Simultaneously, the rapid growth of modern retail and distribution channels improved product accessibility across the region.

Strategic collaborations and investments by key suppliers, including players like Groupe Vegco and Suttind Seeds, helped maintain supply amid global logistical challenges. Furthermore, the digitalization of supply chains and a pronounced preference for 'better-for-you' foods among younger consumers provided additional support for market activity.

Production carrots and turnips in South-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

Carrot and turnip production in Southeast Asia declined after two years of growth. In 2019, output reached its peak at 748.3 thousand tons, but by 2020 it had fallen to 723.2 thousand tons, representing a moderate 3.3% decrease. Over the entire 2017-2020 period, production grew by 14.3%, averaging 4.6% annually. The most significant year-on-year increase occurred in 2018, when production jumped by 12.2%.

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

In value, 2017-2020, M $ US

Following two years of expansion, the value of carrot and turnip production in Southeast Asia contracted. In 2019, output peaked at 1 291 million US dollars, but in 2020 it dropped to 979 million US dollars, marking a substantial 24.2% decline. From 2017 to 2020, the overall value increased by 32.2%, with a compound annual growth rate of 9.8%. The largest single-year surge was recorded in 2018, when the value rose by 45.6%.

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

Exports carrots and turnips from South-eastern Asia

Exports in kind, K t

Carrot and turnip exports from Southeast Asia grew for the second consecutive year. In 2018, shipments hit their lowest point at 11.1 thousand tons, representing a 29.1% decline from the previous year. However, exports rebounded sharply in 2019, surging by 65.9% to reach higher levels. By 2020, exports had climbed to 20.0 thousand tons, an 8.8% increase from 2019. Over the 2017-2020 period, exports expanded by 28%, averaging 8.6% growth per year.

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

From 2017 to 2020, the primary markets for Southeast Asia's carrot and turnip exports in volume terms were South Korea, accounting for 25.4% of shipments, the United Arab Emirates at 6.3%, and Japan also at 6.3%. Together, these three destinations represented 38.0% of total export flows.

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

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

Exports in value, M $ US

The value of carrot and turnip exports from Southeast Asia continued to rise. In 2019, export value experienced a slight 4.7% decline, but it rebounded in 2020 to reach 13.9 million US dollars, a 25.8% increase from the previous year. The most significant growth occurred in 2018, with a 28.7% surge. Over the 2017-2020 period, export value increased by 54.2%, with a compound annual growth rate of 15.5%.

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

From 2017 to 2020, the key buyers of Southeast Asian carrots and turnips in value terms were South Korea, representing 26.7% of exports, the United Arab Emirates at 6.4%, and Japan at 6.1%. Collectively, these three markets accounted for 39.2% of total export value.

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

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

Imports carrots and turnips to South-eastern Asia

Imports in kind, K t

Import volumes of carrots and turnips in Southeast Asia showed considerable volatility during this period. In 2019, imports fell to their lowest point at 147.3 thousand tons, a 34.2% decrease from the previous year. However, in 2020, imports surged to 258.5 thousand tons, a 75.5% increase from 2019. The difference between the 2019 minimum and the 2020 maximum represented a 1.8-fold variation.

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

Throughout the 2017-2020 period, China and Australia were the dominant sources for Southeast Asia's carrot and turnip imports in volume terms, together accounting for 93.2% of total import flows.

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

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

Imports in value, M $ US

The value of carrot and turnip imports into Southeast Asia followed a similar volatile pattern. In 2019, import value dropped to 78.6 million US dollars, a 38.1% decline. However, in 2020, it rebounded to 131.3 million US dollars, representing a 67.1% year-on-year increase. Over the 2017-2020 period, import value grew by 12.1%, averaging 3.9% annually.

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

From 2017 to 2020, China was the leading source for Southeast Asia's carrot and turnip imports in value terms, holding a 72.1% share of total flows. All other markets combined accounted for the remaining 27.9%.

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

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