Carrot And Turnip Market Overview in Iran

The Iranian carrot and turnip market expanded significantly 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). Overall, consumption, however, recorded a mild slump. The most prominent rate of growth was recorded in 2013 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2009; however, from 2010 to 2019, consumption stood at a somewhat lower figure.

In value terms, carrot and turnip production rose slightly to $ in 2019 estimated in export prices. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of % year-to-year. Carrot and turnip production peaked at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.

In 2019, the average carrot and turnip yield in Iran expanded to tonnes per ha, increasing by % on the previous year. In general, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. The carrot and turnip yield peaked at tonnes per ha in 2013; however, from 2014 to 2019, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the carrot and turnip harvested area in Iran expanded markedly to ha, surging by % compared with the year before. Over the period under review, the harvested area, however, recorded a mild decrease. The growth pace was the most rapid in 2015 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to carrot and turnip production reached the peak figure at ha in 2010; however, from 2011 to 2019, the harvested area stood at a somewhat lower figure.

In 2019, approx. tonnes of carrots and turnips were consumed in Iran; growing by % against the previous year. In general, consumption, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of % y-o-y. Carrot and turnip consumption peaked at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.

The revenue of the carrot and turnip market in Iran stood at $ in 2019, picking up 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, recorded a mild downturn. The pace of growth was the most pronounced in 2013 when the market value increased by % against the previous year. Carrot and turnip consumption peaked at $ in 2009; however, from 2010 to 2019, consumption remained at a lower figure.

Depressed by shrinking demand for carrot and turnip in Iran, 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 .

Over the period under review, imports of carrot and turnip in Iran 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.

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.