Australia and Oceania: Preserved Asparagus Market Overview 2021

Preserved Asparagus Market Size in Australia and Oceania

For the third consecutive year, the preserved asparagus market in Australia and Oceania recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Preserved Asparagus Production in Australia and Oceania

In value terms, preserved asparagus production contracted rapidly to $X in 2020 estimated in export prices. Overall, production, however, showed a temperate increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X, and then contracted markedly in the following year.

Production By Country in Australia and Oceania

Papua New Guinea (X tonnes) remains the largest preserved asparagus producing country in Australia and Oceania, accounting for X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Papua New Guinea stood at +X%.

Preserved Asparagus Exports

Exports in Australia and Oceania

Preserved asparagus exports shrank sharply to X tonnes in 2020, declining by -X% on 2019 figures. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, preserved asparagus exports fell notably to $X in 2020. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

New Zealand (X kg) and Australia (X kg) prevails in preserved asparagus exports structure, together comprising X% of total exports. It was distantly followed by New Caledonia (X kg), generating a X% share of total exports.

From 2007 to 2020, the biggest increases were in New Zealand, while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest preserved asparagus supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and New Caledonia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, New Zealand 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

In 2020, the preserved asparagus export price in Australia and Oceania amounted to $X per tonne, picking up by X% against the previous year. Export price indicated a moderate expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved asparagus export price increased by +X% against 2018 indices. The growth pace was the most rapid in 2019 an increase of X% y-o-y. Over the period under review, export prices attained the maximum in 2020 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was New Zealand ($X per tonne), while New Caledonia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand, while the other leaders experienced mixed trends in the export price figures.

Preserved Asparagus Imports

Imports in Australia and Oceania

For the eighth consecutive year, Australia and Oceania recorded decline in supplies from abroad of preserved asparagus, which decreased by -X% to X tonnes in 2020. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. The volume of import peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved asparagus imports declined slightly to $X in 2020. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Australia (X tonnes) represented the main importer of preserved asparagus, constituting X% of total imports. It was distantly followed by New Zealand (X tonnes), comprising a X% share of total imports. New Caledonia (X tonnes) and French Polynesia (X tonnes) took a minor share of total imports.

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2020. New Zealand experienced a relatively flat trend pattern. New Caledonia (-X%) and French Polynesia (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of New Zealand increased by +X% percentage points, while Australia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported preserved asparagus in Australia and Oceania, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by New Caledonia, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Australia amounted to -X%. In the other countries, the average annual rates were as follows: New Zealand (+X% per year) and New Caledonia (-X% per year).

Import Prices by Country

In 2020, the preserved asparagus import price in Australia and Oceania amounted to $X per tonne, remaining relatively unchanged against the previous year. Import price indicated a pronounced increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved asparagus import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in New Zealand ($X per tonne) and Australia ($X per tonne), while New Caledonia ($X per tonne) and French Polynesia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Caledonia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in Australia and Oceania?

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The country with the largest volume of preserved asparagus consumption was Australia (1.2K tonnes), comprising approx. 70% of total volume. Moreover, preserved asparagus consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand (241 tonnes), fivefold. The third position in this ranking was occupied by Papua New Guinea (172 tonnes), with a 10% share.

What are the largest producers of preserved asparagus in Australia and Oceania?

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Papua New Guinea (172 tonnes) remains the largest preserved asparagus producing country in Australia and Oceania, accounting for 99% of total volume.

What are the leading exporters of preserved asparagus in Australia and Oceania?

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In value terms, New Zealand ($4.9K), Australia ($4.1K) and New Caledonia ($109) were the countries with the highest levels of exports in 2020, with a combined 100% share of total exports.

What are the leading importers of preserved asparagus in Australia and Oceania?

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In value terms, Australia ($3.5M) constitutes the largest market for imported preserved asparagus in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was occupied by New Zealand ($848K), with a 19% share of total imports. It was followed by New Caledonia, with a 3.4% share.

What is the average export price for preserved asparagus in Australia and Oceania?

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In 2020, the preserved asparagus export price in Australia and Oceania amounted to $5,253 per tonne, with an increase of 10% against the previous year.

What is the average import price for preserved asparagus in Australia and Oceania?

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The preserved asparagus import price in Australia and Oceania stood at $3,008 per tonne in 2020, stabilizing at the previous year.