Thailand - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in Thailand - 2023
Contents:
- Asparagus Price in Thailand (FOB) - 2023
- Asparagus Price in Thailand (CIF) - 2022
- Asparagus Exports in Thailand
- Asparagus Imports in Thailand
Asparagus Price in Thailand (FOB) - 2023
The average asparagus export price stood at $4,009 per ton in July 2023, reducing by -4.2% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 14% against the previous month. As a result, the export price attained the peak level of $5,132 per ton. From December 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was South Korea ($8,165 per ton), while the average price for exports to Singapore ($843 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Price in Thailand (CIF) - 2022
In 2022, the average asparagus import price amounted to $10,346 per ton, which is down by -17.5% against the previous year. Overall, the import price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 220% against the previous year. Over the period under review, average import prices reached the maximum at $12,536 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($17,354 per ton), while the price for China ($793 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Asparagus Exports in Thailand
In 2022, shipments abroad of asparagus decreased by -43% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, asparagus exports declined slightly to $4.2M in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 1.6% against the previous year.
| Export of Asparagus in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 606 | 942 | 840 | 974 | 17.1% |
| United Arab Emirates | 1,801 | 103 | 126 | 575 | -31.7% |
| Taiwan (Chinese) | 244 | 775 | 1,114 | 442 | 21.9% |
| Qatar | 229 | 164 | 76.9 | 390 | 19.4% |
| India | 147 | 93.6 | 134 | 297 | 26.4% |
| Kuwait | 263 | 211 | 207 | 292 | 3.5% |
| Hong Kong SAR | 5.5 | 74.3 | 272 | 257 | 260.2% |
| Bahrain | 36.8 | 62.1 | 73.8 | 161 | 63.6% |
| Saudi Arabia | 86.4 | 58.5 | 60.1 | 149 | 19.9% |
| Japan | 362 | 432 | 543 | 146 | -26.1% |
| Germany | 273 | 256 | 162 | 119 | -24.2% |
| Singapore | 103 | 217 | 145 | 90.9 | -4.1% |
| Switzerland | 313 | 255 | 99.2 | 41.0 | -49.2% |
| Others | 593 | 522 | 375 | 290 | -21.2% |
| Total | 5,063 | 4,164 | 4,229 | 4,224 | -5.9% |
Top Export Markets for Asparagus from Thailand in 2022:
- Taiwan (Chinese) (507.7 tons)
- South Korea (114.4 tons)
- Singapore (90.8 tons)
- Hong Kong SAR (88.2 tons)
- United Arab Emirates (59.7 tons)
- Qatar (50.3 tons)
- India (48.3 tons)
- Kuwait (36.4 tons)
- Japan (34.0 tons)
- Bahrain (18.5 tons)
- Saudi Arabia (18.3 tons)
- Germany (13.3 tons)
- Switzerland (4.0 tons)
Asparagus Imports in Thailand
In 2022, overseas purchases of asparagus increased by 47% to 13 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt shrinkage.
In value terms, asparagus imports soared to $133K in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Asparagus in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 28.0 | 26.5 | 13.5 | 59.6 | 28.6% |
| Australia | 4.9 | 12.1 | 35.4 | 46.2 | 111.3% |
| France | 44.9 | 25.5 | 29.1 | 19.5 | -24.3% |
| Netherlands | 13.2 | 7.7 | N/A | 3.6 | -35.2% |
| Mexico | 2.6 | 3.8 | 1.0 | 2.8 | 2.5% |
| China | N/A | N/A | N/A | 0.8 | 0% |
| Germany | 14.8 | 15.3 | 21.9 | N/A | 21.6% |
| Others | 10.4 | 5.4 | 9.0 | 0.6 | -61.4% |
| Total | 119 | 96.3 | 110 | 133 | 3.8% |
Top Suppliers of Asparagus to Thailand in 2022:
- Peru (6.0 tons)
- Australia (2.7 tons)
- France (1.8 tons)
- China (0.9 tons)
- Mexico (0.8 tons)
- Netherlands (0.6 tons)
This report provides an in-depth analysis of the asparagus market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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In July 2023, the asparagus price stood at $4,009 per ton (FOB, Thailand), showing a decrease of 4.2% compared to the previous month.
61
Discover the top import markets for asparagus around the globe based on key statistics and data from the IndexBox platform.
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Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
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Global asparagus imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
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Global asparagus exports amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
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Global asparagus consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
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The asparagus season in the UK is short, lasting from the end of April till the end of June, and due to the notoriously unpredictable British climate, on occasion it is even shorter. Asparagus is consumed in different states - from young and slender sp
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Asparagus, a flowering perennial native to Europe, Northern Africa, and Western Asia, is a member of the lily family, which also includes onions, leeks, and garlic. Like many leafy greens, asparagus contains vitamin K, which aids in blood clotting and
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Mexico held the second spot in the global asparagus trade. In 2014, Mexico exported X thousand tons of asparagus totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total asp
