Argentina: Asparagus Market 2023

Asparagus Market Size in Argentina

The Argentinian asparagus market dropped modestly to $X in 2022, which is down by -1.5% against the previous year. Over the period under review, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +10.7% against 2018 indices. Asparagus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Asparagus Production in Argentina

In value terms, asparagus production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The growth pace was the most rapid in 2015 when the production volume increased by 56%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

In 2022, the average yield of asparagus in Argentina dropped slightly to X tons per ha, remaining constant against the year before. In general, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 0.5% against the previous year. As a result, the yield attained the peak level of X tons per ha; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of asparagus production in Argentina totaled X ha, remaining stable against 2021 figures. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 3.4%. As a result, the harvested area attained the peak level of X ha. From 2016 to 2022, the growth of the asparagus harvested area remained at a lower figure.

Asparagus Exports

Exports from Argentina

In 2022, approx. X tons of asparagus were exported from Argentina; with an increase of 26% on 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 209% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, asparagus exports rose rapidly to $X in 2022. In general, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 178% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for asparagus exports from Argentina, with a 79% share of total exports. Moreover, asparagus exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+54.5% per year) and Canada (-14.0% per year).

In value terms, the United States ($X) remains the key foreign market for asparagus exports from Argentina, comprising 71% of total exports. The second position in the ranking was held by Germany ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+65.7% per year) and Canada (-6.1% per year).

Export Prices by Country

In 2022, the average asparagus export price amounted to $X per ton, waning by -12% against the previous year. Overall, the export price, however, showed a notable increase. The most prominent rate of growth was recorded in 2015 an increase of 38% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($X 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 the Czech Republic (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Argentina

In 2022, purchases abroad of asparagus increased by 293% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a strong increase. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, asparagus imports skyrocketed to $X in 2022. Overall, imports showed resilient growth. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) was the main asparagus supplier to Argentina, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru totaled +5.2%.

In value terms, Peru ($X) constituted the largest supplier of asparagus to Argentina.

From 2012 to 2022, the average annual growth rate of value from Peru totaled +8.1%.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2020 when the average import price increased by 19%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +2.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :