Spain - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in Spain - 2023
Contents:
- Asparagus Price in Spain (FOB) - 2023
- Asparagus Price in Spain (CIF) - 2023
- Asparagus Exports in Spain
- Asparagus Imports in Spain
Asparagus Price in Spain (FOB) - 2023
The average asparagus export price stood at $5,259 per ton in June 2023, increasing by 1.6% against the previous month. Over the period under review, export price indicated perceptible growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.6% 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 export price decreased by -18.1% against February 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 40% month-to-month. The export price peaked at $6,423 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($6,806 per ton), while the average price for exports to Denmark ($4,180 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Price in Spain (CIF) - 2023
In June 2023, the average asparagus import price amounted to $4,855 per ton, growing by 24% against the previous month. Overall, the import price showed mild growth. The import price peaked at $5,093 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Belgium ($5,365 per ton), while the price for Peru ($4,729 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Morocco (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Asparagus Exports in Spain
After three years of growth, overseas shipments of asparagus decreased by -13.6% to 23K tons in 2022. In general, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 when exports increased by 5.4% against the previous year. As a result, the exports reached the peak of 26K tons, and then reduced in the following year.
In value terms, asparagus exports reduced remarkably to $98M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of $120M, and then contracted sharply in the following year.
| Export of Asparagus in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.1 | 29.9 | 45.3 | 37.2 | 12.5% |
| France | 24.9 | 27.5 | 37.1 | 29.6 | 5.9% |
| Italy | 7.0 | 5.6 | 8.9 | 6.5 | -2.4% |
| Portugal | 2.6 | 3.9 | 4.8 | 4.6 | 20.9% |
| Denmark | 2.9 | 3.5 | 5.3 | 3.8 | 9.4% |
| Belgium | 1.4 | 2.0 | 2.0 | 2.6 | 22.9% |
| Netherlands | 1.4 | 1.9 | 2.1 | 2.0 | 12.6% |
| Finland | 1.1 | 1.7 | 1.8 | 1.8 | 17.8% |
| Poland | 1.6 | 1.5 | 2.1 | 1.6 | 0.0% |
| Switzerland | 3.2 | 4.0 | 1.9 | 1.1 | -29.9% |
| Others | 6.6 | 6.4 | 8.3 | 7.4 | 3.9% |
| Total | 78.8 | 88.0 | 120 | 98.3 | 7.6% |
Top Export Markets for Asparagus from Spain in 2022:
- Germany (8.4K tons)
- France (6.6K tons)
- Italy (1.8K tons)
- Portugal (1.4K tons)
- Denmark (1.0K tons)
- Netherlands (0.5K tons)
- Belgium (0.5K tons)
- Poland (0.4K tons)
- Finland (0.4K tons)
- Switzerland (0.2K tons)
Asparagus Imports in Spain
In 2022, the amount of asparagus imported into Spain reached 13K tons, approximately equating the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 29%.
In value terms, asparagus imports shrank to $60M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of $63M, and then dropped slightly in the following year.
| Import of Asparagus in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 47.2 | 41.2 | 48.4 | 45.0 | -1.6% |
| Mexico | 6.6 | 6.1 | 11.0 | 13.2 | 26.0% |
| Morocco | N/A | 0.1 | 1.3 | 1.5 | 287.3% |
| Others | 3.3 | 6.2 | 2.0 | 0.8 | -37.6% |
| Total | 57.2 | 53.6 | 62.7 | 60.4 | 1.8% |
Top Suppliers of Asparagus to Spain in 2022:
- Peru (9.5K tons)
- Mexico (3.2K tons)
- Morocco (0.3K tons)
This report provides an in-depth analysis of the asparagus market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The growth rate of asparagus exports reached its peak in March 2023, with a staggering increase of 554% compared to the previous month. The value of asparagus exports further soared to $2.9M in October 2023.
242
In March 2023, the rate of growth for Asparagus exports was the most prominent, with a 554% increase month-to-month. However, in July 2023, the value of Asparagus exports significantly contracted, reaching just $2.3M.
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