Portugal - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 26, 2024

Portugal - Asparagus - Market Analysis, Forecast, Size, Trends and Insights

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Asparagus Price in Portugal - 2023

Contents:

  1. Asparagus Price in Portugal (CIF) - 2023
  2. Asparagus Price in Portugal (FOB) - 2022
  3. Asparagus Imports in Portugal
  4. Asparagus Exports in Portugal

Asparagus Price in Portugal (CIF) - 2023

The average asparagus import price stood at $3,664 per ton in June 2023, dropping by -4.9% against the previous month. Over the period under review, import price indicated a slight expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, asparagus import price decreased by -30.3% against March 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 66% against the previous month. The import price peaked at $5,259 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($5,251 per ton), while the price for Spain totaled $3,555 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Asparagus Price in Portugal (FOB) - 2022

The average asparagus export price stood at $8,005 per ton in 2022, growing by 100% against the previous year. Overall, the export price posted strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($9,961 per ton), while the average price for exports to Spain ($2,915 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports in Portugal

For the fourth year in a row, Portugal recorded growth in overseas purchases of asparagus, which increased by 7.4% to 1.1K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, asparagus imports dropped remarkably to $4M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $4.8M, and then contracted remarkably in the following year.

Import of Asparagus in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain2.02.63.93.217.0%
Germany0.80.80.80.6-9.1%
BelgiumN/AN/A0.10.10.0%
Others0.1N/AN/A0.10.0%
Total2.93.44.84.011.3%

Top Suppliers of Asparagus to Portugal in 2022:

  1. Spain (996.8 tons)
  2. Germany (92.7 tons)
  3. Belgium (20.0 tons)

Asparagus Exports in Portugal

In 2022, the amount of asparagus exported from Portugal fell dramatically to 19 tons, with a decrease of -96.2% compared with 2021 figures. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 110% against the previous year. As a result, the exports attained the peak of 510 tons, and then declined markedly in the following year.

In value terms, asparagus exports reduced sharply to $154K in 2022. Over the period under review, exports continue to indicate a dramatic descent. The pace of growth was the most pronounced in 2021 when exports increased by 235% against the previous year. As a result, the exports reached the peak of $2M, and then shrank significantly in the following year.

Export of Asparagus in Portugal (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain68048238928.3-65.3%
Netherlands0.8N/A12414.8164.5%
DenmarkN/A23.510610.3-33.8%
Cabo Verde5.12.03.27.312.7%
Angola13.56.62.77.0-19.7%
Germany0.9N/A0.62.642.4%
France5.988.91,3990.3-63.0%
Others73.76.920.383.44.2%
Total7806102,044154-41.8%

Top Export Markets for Asparagus from Portugal in 2022:

  1. Spain (9.7 tons)
  2. Netherlands (1.8 tons)
  3. Cabo Verde (1.5 tons)
  4. Denmark (1.4 tons)
  5. Angola (0.9 tons)
  6. Germany (0.3 tons)
  7. France (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the asparagus market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 367 - Asparagus

Country coverage:

  • Portugal

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Portugal
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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