Mexico Ranked Second Globally in Exports of Asparagus, with $246M in 2014

Vegetables And Melons September 01, 2015
Author: Svetlana Sitkova
Head of Industrial Research Department

Mexico held the second spot in the global asparagus trade. In 2014, Mexico exported 129 thousand tonnes of asparagus totaling 246 million USD, 1% over the previous year. Its primary trading partner was the U.S., where it supplied 99.7% of its total asparagus exports in value terms, accounting for 48.9% of the U.S.'s total imports.

From 2007 to 2014, Mexico was a net exporter of asparagus. Over this period, exports consistently exceeded imports in value terms. In physical terms this difference was even more pronounced.

Peru and the U.S. were among the other main global suppliers of asparagus in 2014. However, the fastest growing exporters from 2007 to 2014 were Mexico (+11.3% per year) and Italy (+19.5% per year). Mexico, by virtue of this sustained growth, was able to strengthen its position in the global export structure.

Mexico's top 2 trading partners in 2014, in addition to the U.S., were the United Kingdom and Canada, with a combined 100% share of Mexico's asparagus exports. The share of the U.S. increased slightly (+0.3 percentage points), while the share of Japan illustrated negative dynamics (-0.2 percentage points).

Source: World: Asparagus - Market Report. Analysis And Forecast To 2020