ASEAN: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in ASEAN

The ASEAN preserved asparagus market was estimated at $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Preserved Asparagus Production in ASEAN

In value terms, preserved asparagus production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild slump. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Preserved Asparagus Exports

Exports in ASEAN

In 2022, the amount of preserved asparagus exported in ASEAN soared to X tons, picking up by X% on the year before. Over the period under review, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved asparagus exports rose notably to $X in 2022. In general, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports. Malaysia (X tons) took a relatively small share of total exports.

Singapore was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of X% from 2012 to 2022. Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest preserved asparagus supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

In Singapore, preserved asparagus exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, showed tangible growth. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Asparagus Imports

Imports in ASEAN

In 2022, overseas purchases of preserved asparagus increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved asparagus imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) represented the key importer of preserved asparagus, constituting X% of total imports. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Malaysia (X%) and Singapore (X%). Vietnam (X tons) followed a long way behind the leaders.

Imports into Indonesia decreased at an average annual rate of X% from 2012 to 2022. Thailand (X%), Singapore (X%), the Philippines (X%), Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported preserved asparagus in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, preserved asparagus imports decreased by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, remaining relatively unchanged against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved asparagus import price decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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