HS Code:
Parsnips, classified under HS Code 0706.90 (Other vegetables, fresh or chilled), are root vegetables closely related to carrots and parsley. They are primarily cultivated in temperate regions and are valued for their sweet, nutty flavor when cooked. Global trade in parsnips is relatively niche compared to other vegetables but is significant in specific markets, particularly in Europe and North America, where they are a staple in seasonal dishes. The trade includes both fresh and chilled parsnips, with demand peaking during winter months.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map, UN Comtrade Database
$15 million USD
30% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$6 million USD
12% of total trade of total trade
Stable
$5 million USD
10% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local agriculture)
Lowest Rate
0% (under free trade agreements like EU-UK Trade and Cooperation Agreement)
Growing demand for organic parsnips
Increased exports from countries with strong organic farming standards like the Netherlands and the UK, with a price premium of 20-30% over conventional parsnips
2021-2022
Seasonal consumption spikes in winter
Trade volumes surge during October to February, particularly in Northern Hemisphere markets, driving up short-term prices
2020-2022
Rising interest in plant-based diets
Parsnips gaining popularity as a versatile ingredient in vegan and vegetarian recipes, boosting demand in urban markets
2019-2022
The EU-UK Trade and Cooperation Agreement, effective from 2021, has maintained tariff-free access for parsnips, ensuring continued trade flow between the UK and EU countries like the Netherlands and Germany.
January 2021
Stabilized trade volumes and prevented price hikes for consumers in both regions
Enhanced logistics and cold chain infrastructure between the US and Canada have reduced spoilage rates for fresh parsnips, improving market access during peak demand seasons.
Mid-2022
Increased trade volume by approximately 8% between the two countries
Unpredictable weather patterns in Europe, including late frosts and droughts, have affected parsnip yields in key producing countries like the UK and Netherlands.
Late 2022
Potential short-term supply shortages and price increases in the 2023 season