Carrot And Turnip Market Overview in Azerbaijan
In value terms, carrot and turnip production surged to $ in estimated in export prices. Overall, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level in and is expected to retain growth in the immediate term.
The average yield of carrots and turnips in Azerbaijan rose sharply to tonnes per ha in , with an increase of % on 2019 figures. In general, the yield enjoyed prominent growth. The growth pace was the most rapid in 2018 with an increase of % y-o-y. As a result, the yield reached the peak level of tonnes per ha. from 2019 to , the growth of the average carrot and turnip 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 , the harvested area of carrots and turnips in Azerbaijan totaled ha, with an increase of % on the year before. In general, the harvested area enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of % against the previous year. The carrot and turnip harvested area peaked in and is likely to continue growth in the near future.
The revenue of the carrot and turnip market in Azerbaijan expanded significantly to $ in , rising 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 saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of % year-to-year. Over the period under review, the market attained the maximum level in and is likely to see steady growth in the near future.