Australia and Oceania: Preserved Asparagus Market Overview 2021

Preserved Asparagus Market Size in Australia and Oceania

The preserved asparagus market in Australia and Oceania fell to $X in 2019, shrinking by -X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2012 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Preserved Asparagus Production in Australia and Oceania

In value terms, preserved asparagus production skyrocketed to $X in 2019 estimated in export prices. In general, production enjoyed a pronounced increase. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2019, production failed to regain the momentum.

Production By Country in Australia and Oceania

The country with the largest volume of preserved asparagus production was Papua New Guinea (X tonnes), accounting for X% of total volume. Moreover, preserved asparagus production in Papua New Guinea exceeded the figures recorded by the second-largest producer, New Zealand (X tonnes), sixfold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Papua New Guinea totaled +X%.

Preserved Asparagus Exports

Exports in Australia and Oceania

In 2019, overseas shipments of preserved asparagus increased by X% to X tonnes, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a abrupt shrinkage. The volume of export peaked at X tonnes in 2008; however, from 2009 to 2019, exports remained at a lower figure.

In value terms, preserved asparagus exports skyrocketed to $X in 2019. Overall, exports, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2008; however, from 2009 to 2019, exports failed to regain the momentum.

Exports by Country

New Zealand was the largest exporter of preserved asparagus in Australia and Oceania, with the volume of exports amounting to X tonnes, which was approx. X% of total exports in 2019. It was distantly followed by Australia (X kg), making up a X% share of total exports. New Caledonia (X kg) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of +X% from 2007 to 2019. New Caledonia (-X%) and Australia (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.) significantly strengthened its position in terms of the total exports, while New Caledonia and Australia saw its share reduced by -X% and -X% from 2007 to 2019, respectively.

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

In New Zealand, preserved asparagus exports increased at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (-X% per year) and New Caledonia (-X% per year).

Export Prices by Country

In 2019, the preserved asparagus export price in Australia and Oceania amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Australia, while the other leaders experienced a decline in the export price figures.

Preserved Asparagus Imports

Imports in Australia and Oceania

For the seventh consecutive year, Australia and Oceania recorded decline in overseas purchases of preserved asparagus, which decreased by -X% to X tonnes in 2019. Overall, imports saw a deep downturn. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, preserved asparagus imports reduced rapidly to $X in 2019. Over the period under review, imports saw a deep downturn. The pace of growth appeared the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2007; however, from 2008 to 2019, imports remained at a lower figure.

Imports by Country

Australia dominates preserved asparagus imports structure, accounting for X tonnes, which was near X% of total imports in 2019. New Zealand (X tonnes) ranks second in terms of the total imports with a X% share, followed by New Caledonia (X%).

Imports into Australia decreased at an average annual rate of -X% from 2007 to 2019. New Caledonia (-X%) and New Zealand (-X%) illustrated a downward trend over the same period. New Zealand (+X p.p.) significantly strengthened its position in terms of the total imports, while 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.

From 2007 to 2019, the average annual rate of growth in terms 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 2019, the preserved asparagus import price in Australia and Oceania amounted to $X per tonne, stabilizing at the previous year. Import price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, preserved asparagus import price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2017 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, the country with the highest price was New Zealand ($X per tonne), while Australia ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 AI 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 (1.3K tonnes), comprising approx. 78% of total volume. Moreover, preserved asparagus consumption in Australia exceeded the figures recorded by the second-largest consumer, Papua New Guinea (158 tonnes), eightfold. New Zealand (144 tonnes) ranked third in terms of total consumption with a 8.3% share.

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

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The country with the largest volume of preserved asparagus production was Papua New Guinea (158 tonnes), accounting for 86% of total volume. Moreover, preserved asparagus production in Papua New Guinea exceeded the figures recorded by the second-largest producer, New Zealand (26 tonnes), sixfold.

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

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In value terms, New Zealand ($9.7K) remains the largest preserved asparagus supplier in Australia and Oceania, comprising 78% of total exports. The second position in the ranking was occupied by Australia ($2.6K), with a 21% share of total exports.

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

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In value terms, Australia ($3.9M) constitutes the largest market for imported preserved asparagus in Australia and Oceania, comprising 84% of total imports. The second position in the ranking was occupied by New Zealand ($463K), with a 10% share of total imports.

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

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In 2019, the preserved asparagus export price in Australia and Oceania amounted to $3,322 per tonne, falling by -10.6% against the previous year.

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

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In 2019, the preserved asparagus import price in Australia and Oceania amounted to $2,977 per tonne, therefore, remained relatively stable against the previous year.