ECOWAS: Carrot And Turnip Market 2024

Carrot And Turnip Market Size in ECOWAS

The ECOWAS carrot and turnip market stood at $X in 2023, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2023 and is likely to see gradual growth in years to come.

Carrot And Turnip Production in ECOWAS

In value terms, carrot and turnip production expanded slightly to $X in 2023 estimated in export price. Over the period under review, production showed a slight curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Nigeria (X tons) remains the largest carrot and turnip producing country in ECOWAS, comprising approx. X% of total volume. Moreover, carrot and turnip production in Nigeria exceeded the figures recorded by the second-largest producer, Niger (X tons), threefold. Senegal (X tons) ranked third in terms of total production with an X% share.

From 2012 to 2023, the average annual growth rate of volume in Nigeria was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Niger (X% per year) and Senegal (X% per year).

The average carrot and turnip yield reduced modestly to X tons per ha in 2023, leveling off at the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2022, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of carrots and turnips production in ECOWAS reached X ha, remaining stable against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to carrot and turnip production attained the peak figure at X ha in 2021; afterwards, it flattened through to 2023.

Carrot And Turnip Exports

Exports in ECOWAS

In 2023, exports of carrots and turnips in ECOWAS soared to X tons, with an increase of X% against the previous year. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, carrot and turnip exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Mali was the major exporting country with an export of around X tons, which finished at X% of total exports. Senegal (X tons) ranks second in terms of the total exports with a X% share, followed by Ghana (X%) and Cote d'Ivoire (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Mali (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Senegal ($X), Mali ($X) and Cote d'Ivoire ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Senegal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Senegal ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Carrot And Turnip Imports

Imports in ECOWAS

In 2023, purchases abroad of carrots and turnips decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then declined modestly in the following year.

In value terms, carrot and turnip imports shrank modestly to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of import peaked at $X in 2022, and then declined modestly in the following year.

Imports by Country

In 2023, Senegal (X tons) was the largest importer of carrots and turnips, comprising X% of total imports. It was distantly followed by Cote d'Ivoire (X tons), Ghana (X tons) and Mali (X tons), together making up a X% share of total imports. The following importers - Burkina Faso (X tons) and Cabo Verde (X tons) - each reached an X% share of total imports.

Imports into Senegal increased at an average annual rate of X% from 2012 to 2023. At the same time, Burkina Faso (X%), Mali (X%), Ghana (X%), Cabo Verde (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Burkina Faso emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Ghana, Mali and Burkina Faso increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X), Cote d'Ivoire ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Cabo Verde, Mali and Burkina Faso lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in ECOWAS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cabo Verde ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cabo Verde (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform