Australia and Oceania: Preserved Asparagus Market 2023

Preserved Asparagus Market Size in Australia and Oceania

The preserved asparagus market in Australia and Oceania fell to $X in 2021, declining by -7.2% against the previous year. In general, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Preserved Asparagus Production in Australia and Oceania

In value terms, preserved asparagus production fell modestly to $X in 2021 estimated in export price. The total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.7% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 51%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Preserved Asparagus Exports

Exports in Australia and Oceania

In 2021, shipments abroad of preserved asparagus decreased by -81.2% to X kg, falling for the second year in a row after four years of growth. Over the period under review, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 469%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved asparagus exports declined markedly to $X in 2021. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2019 with an increase of 773%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Australia (X kg), followed by New Caledonia (X kg) represented the major exporters of preserved asparagus, together creating 100% of total exports.

From 2012 to 2021, the biggest increases were in New Caledonia (with a CAGR of -15.4%).

In value terms, Australia ($X) remains the largest preserved asparagus supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia totaled -28.3%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, declining by -35.3% against the previous year. Over the period under review, the export price saw a mild slump. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Caledonia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.5%).

Preserved Asparagus Imports

Imports in Australia and Oceania

For the fourth year in a row, Australia and Oceania recorded decline in supplies from abroad of preserved asparagus, which decreased by -9.1% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by 20%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, preserved asparagus imports reduced to $X in 2021. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia was the main importer of preserved asparagus in Australia and Oceania, with the volume of imports accounting for X tons, which was near 77% of total imports in 2021. New Zealand (X tons) took the second position in the ranking, distantly followed by New Caledonia (X tons). All these countries together held approx. 20% share of total imports. French Polynesia (X tons) held a minor share of total imports.

Imports into Australia decreased at an average annual rate of -12.8% from 2012 to 2021. New Zealand (-1.3%), French Polynesia (-3.6%) and New Caledonia (-6.9%) illustrated a downward trend over the same period. New Zealand (+8.6 p.p.), New Caledonia (+2.1 p.p.) and French Polynesia (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -12.4% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported preserved asparagus in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was held by New Zealand ($X), with a 17% share of total imports. It was followed by New Caledonia, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -9.7%. In the other countries, the average annual rates were as follows: New Zealand (+1.0% per year) and New Caledonia (-7.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in New Zealand ($X per ton) and Australia ($X per ton), while French Polynesia ($X per ton) and New Caledonia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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