Carrot And Turnip Market Overview in Belarus
Market Overview
The Belarusian carrot and turnip market soared to $
in 2019, increasing by
% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Carrot and turnip consumption peaked at $
in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.
In value terms, carrot and turnip production surged to $
in 2019 estimated in export prices. Over the period under review, the total production indicated a pronounced increase from 2007 to 2019: its value increased at an average annual rate of +
% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +
% against 2016 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by
% y-o-y. As a result, production attained the peak level of $
. From 2011 to 2019, production growth remained at a lower figure.
The average yield of carrots and turnips in Belarus expanded rapidly to
tonnes per ha in 2019, growing by
% against 2018. The yield figure increased at an average annual rate of +
% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of
% against the previous year. Over the period under review, the average carrot and turnip yield hit record highs at
tonnes per ha in 2017; however, from 2018 to 2019, the yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, approx.
ha of carrots and turnips were harvested in Belarus; picking up by
% against the year before. Overall, the harvested area, however, saw a pronounced contraction. The growth pace was the most rapid in 2014 with an increase of
% year-to-year. Over the period under review, the harvested area dedicated to carrot and turnip production attained the peak figure at
ha in 2008; however, from 2009 to 2019, the harvested area stood at a somewhat lower figure.



In value terms, carrot and turnip production surged to $





The average yield of carrots and turnips in Belarus expanded rapidly to





In 2019, approx.




Consumption
In 2019, consumption of carrots and turnips was finally on the rise to reach
tonnes for the first time since 2016, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a noticeable decline. Over the period under review, consumption reached the peak volume at
tonnes in 2008; however, from 2009 to 2019, consumption stood at a somewhat lower figure.
The size of the carrot and turnip market in Belarus skyrocketed to $
in 2019, growing by
% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $
in 2010; however, from 2011 to 2019, consumption remained at a lower figure.


The size of the carrot and turnip market in Belarus skyrocketed to $



Market Forecast
Depressed by shrinking demand for carrot and turnip in Belarus, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -
% for the period from 2019 to
, which is projected to depress the market volume to
tonnes by the end of
.




Market Structure
Over the period under review, imports of carrot and turnip in Belarus were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for carrot and turnip.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
Download XLSX
Download all the data in the form of a report