Asia-Pacific: Asparagus Market 2024

Asparagus Market Size in Asia-Pacific

The Asia-Pacific asparagus market totaled $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, showed a slight decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Asparagus Production in Asia-Pacific

In value terms, asparagus production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of asparagus production, accounting for X% of total volume.

In China, asparagus production remained relatively stable over the period from 2012-2022.

In 2022, the average asparagus yield in Asia-Pacific stood at X tons per ha, approximately reflecting 2021 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the asparagus yield failed to regain momentum. 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 Asia-Pacific reached X ha, remaining stable against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of harvested area peaked in 2022 and is likely to see steady growth in the immediate term.

Asparagus Exports

Exports in Asia-Pacific

In 2022, overseas shipments of asparagus decreased by X% to X tons, falling for the sixth consecutive year after three years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2014 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, asparagus exports declined modestly to $X in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons) and Thailand (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by China (X tons), creating a X% share of total exports. Nepal (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Nepal (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest asparagus supplying countries in Asia-Pacific were Australia ($X), Thailand ($X) and Nepal ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Nepal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while China ($X per ton) was amongst the lowest.

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

Asparagus Imports

Imports in Asia-Pacific

Asparagus imports dropped rapidly to X tons in 2022, shrinking by X% on 2021. Overall, imports showed a perceptible slump. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, asparagus imports contracted to $X in 2022. Over the period under review, imports saw a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the largest importer of asparagus, committing X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), Taiwan (Chinese) (X%), Singapore (X%), Malaysia (X%) and South Korea (X%).

From 2012 to 2022, average annual rates of growth with regard to asparagus imports into Japan stood at X%. At the same time, South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR and Singapore experienced a relatively flat trend pattern. By contrast, Australia (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Hong Kong SAR (X p.p.), Singapore (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported asparagus in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform