Carrot Price Trend and Forecast

Carrot Regional Price Overview

Get the latest insights on price movement and trend analysis of Carrot in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Carrot Price Trend for the Second Half of 2023

Carrot prices, along with other vegetables, observed a rising price trajectory throughout the period under discussion. At the beginning of the third quarter in July, an erratic monsoon delayed the planting and sowing process for vegetables. In the beginning, around a 12% month-on-month increase was seen in the Indian vegetable market.

Carrot Price Chart

Carrot Price Trends and Forecast

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Though the final quarter saw some decline in prices with the new harvests coming in the supply chains, the wedding season in India, along with long festivals and New Year holidays, prompted the demands from the food industry. So, there was some tugging witnessed in the carrot markets.

With increased supply, the prices started to come down for carrots in the early months of Q4. Albeit, the offtakes were very supportive of the downstream attributes. Thus, a positive performance with healthy market dynamics was seen in the later months of Q4.

Analyst Insight

According to Procurement Resource, with the ongoing unseasonal weather disruptions, the crop yield is set to be affected; thus, the Carrot price trends are expected to rise further.

Carrot Price trend for First Half of 2023

In the first and second quarters, it was seen that the rates of exports from Israel spiked up as the European markets witnessed high demand. According to Israeli farmers, there were a number of factors that impacted the European market that drove up the demand.

Climate change, increasing costs of energy, and the ongoing Russia-Ukraine war all contributed to the northward trajectory of the price trends of carrots. Along with this, the temperature due to the effects of global warming, the number of wet days, the yield, and the quality also influenced the carrots market heavily.

While other commodities are becoming more price-attractive, such as wheat, the higher cost of growing in Israel and Europe is not adequately offset by the markets, demotivating growers to switch and not grow other vegetable categories. Not only in the European countries, the demand for Israeli produce was also high in the UK region. The rates of imports in the UK also rose significantly, contributing to an incline of almost 20% in the prices of carrots during the first two quarters of 2023.

Analyst Insight

According to Procurement Resource, the price of Carrots is expected to showcase a positive trend as the market activities of carrots will likely be driven by high demand and limited supply.

Procurement Resource provides latest prices of Carrot. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Carrot

Carrot is a root vegetable belonging to the genus Daucus which has long tapered body and a sweet, earthy flavor, with crisp texture. Carrots are commonly consumed as a nutritious vegetable and are used in a wide range of culinary dishes, both raw and cooked. They are valued for their high content of essential nutrients, particularly beta-carotene, which is converted into vitamin A in the body, and dietary fiber.

Carrot Product Details

Report Features Details
Product Name Carrots
Industrial Uses Pharmaceuticals, Textile industry, Biodegradable plastics, Cosmetics
HS Code 0706
Supplier Database Suttind Seeds, Premium Fresh, Jung Seeds, Willowbrook Foods, Charles Hard Seed Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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