Philippines - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAsparagus Price in the Philippines - 2022
Contents:
- Asparagus Price in the Philippines (CIF) - 2022
- Asparagus Price in the Philippines (FOB) - 2022
- Asparagus Imports in the Philippines
- Asparagus Exports in the Philippines
Asparagus Price in the Philippines (CIF) - 2022
The average asparagus import price stood at $6,025 per ton in 2022, increasing by 12% against the previous year. Overall, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2019 an increase of 95%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6,026 per ton), while the price for Australia amounted to $6,024 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Asparagus Price in the Philippines (FOB) - 2022
In 2022, the average asparagus export price amounted to $3,333 per ton, dropping by -19.8% against the previous year. Overall, the export price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $4,158 per ton in 2021, and then reduced rapidly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($9,000 per ton), while the average price for exports to Singapore ($1,000 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 Japan (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Imports in the Philippines
In 2022, purchases abroad of asparagus decreased by -3.9% to 794 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 432%. As a result, imports reached the peak of 1.8 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, asparagus imports reached $4.8K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 340%. As a result, imports attained the peak of $7.8K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Asparagus in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 3.5 | 0.5 | 3.3 | 220.8% |
| Australia | 0.4 | 2.0 | 1.2 | 1.5 | 55.4% |
| Germany | 0.2 | 0.3 | 0.2 | N/A | 0.0% |
| Netherlands | N/A | 0.1 | 0.3 | N/A | 200.0% |
| United States | 1.0 | 1.5 | 1.8 | N/A | 34.2% |
| Others | 0.2 | 0.3 | 0.4 | N/A | 41.4% |
| Total | 1.8 | 7.8 | 4.5 | 4.8 | 38.7% |
Top Suppliers of Asparagus to the Philippines in 2022:
- China (542.0 kg)
- Australia (252.0 kg)
Asparagus Exports in the Philippines
In 2022, asparagus exports from the Philippines shrank dramatically to 12 kg, waning by -36.8% compared with 2021 figures. Over the period under review, exports saw a dramatic shrinkage.
In value terms, asparagus exports contracted notably to $40 in 2022. Overall, exports faced a sharp descent.
| Export of Asparagus in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Hong Kong SAR | 39.0 | 20.0 | -48.7% | ||
| Japan | 18.0 | 9.0 | -50.0% | ||
| Australia | 14.0 | 6.0 | -57.1% | ||
| Canada | 1.0 | 1.0 | 0.0% | ||
| Taiwan (Chinese) | 1.0 | 1.0 | 0.0% | ||
| Singapore | 1.0 | 1.0 | 0.0% | ||
| South Korea | 2.0 | 1.0 | -50.0% | ||
| Norway | 1.0 | N/A | 0% | ||
| Austria | 1.0 | N/A | 0% | ||
| Iceland | 1.0 | N/A | 0% | ||
| Others | N/A | 1.0 | 0% | ||
| Total | 79.0 | 40.0 | -49.4% | ||
Top Export Markets for Asparagus from the Philippines in 2022:
- Hong Kong SAR (5.0 kg)
- Canada (1.0 kg)
- Australia (1.0 kg)
- Taiwan (Chinese) (1.0 kg)
- Singapore (1.0 kg)
- Japan (1.0 kg)
- South Korea (1.0 kg)
This report provides an in-depth analysis of the asparagus market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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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