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Australia - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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Australia: Asparagus Market Overview 2021

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Asparagus Market Size in Australia

The Australian asparagus market skyrocketed to $X in 2020, increasing by X% against the previous year. In general, consumption showed a prominent expansion. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2011; however, from 2012 to 2020, consumption stood at a somewhat lower figure.

Asparagus Production in Australia

In value terms, asparagus production soared to $X in 2020 estimated in export prices. Overall, production enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2020, production stood at a somewhat lower figure.

In 2020, the average yield of asparagus in Australia totaled X tonnes per ha, remaining relatively unchanged against the previous year. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% year-to-year. As a result, the yield attained the peak level of X tonnes per ha. from 2009 to 2020, the growth of the average asparagus yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of asparagus were harvested in Australia; approximately mirroring 2019. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to asparagus production reached the maximum at X ha in 2011; however, from 2012 to 2020, the harvested area failed to regain the momentum.

Asparagus Exports

Exports from Australia

Asparagus exports from Australia shrank sharply to X tonnes in 2020, falling by -X% on the previous year's figure. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tonnes in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

In value terms, asparagus exports dropped markedly to $X in 2020. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Japan (X tonnes) was the main destination for asparagus exports from Australia, with a X% share of total exports. Moreover, asparagus exports to Japan exceeded the volume sent to the second major destination, Singapore (X tonnes), eightfold. South Korea (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Japan stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and South Korea (+X% per year).

In value terms, Japan ($X) remains the key foreign market for asparagus exports from Australia, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Taiwan (Chinese) (+X% per year).

Export Prices by Country

In 2020, the average asparagus export price amounted to $X per tonne, rising by X% against the previous year. In general, export price indicated a buoyant increase 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. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. The export price peaked in 2020 and is likely to see steady growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Australia

In 2020, approx. X tonnes of asparagus were imported into Australia; shrinking by -X% against 2019. Overall, total imports indicated a slight increase from 2007 to 2020: its volume 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, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, asparagus imports surged to $X in 2020. In general, total imports indicated a prominent increase from 2007 to 2020: its value 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, imports increased by +X% against 2017 indices. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Mexico (X tonnes) was the main asparagus supplier to Australia, with a X% share of total imports. Moreover, asparagus imports from Mexico exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Mexico totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Thailand (-X% per year).

In value terms, Mexico ($X) constituted the largest supplier of asparagus to Australia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Mexico amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2020, the average asparagus import price amounted to $X per tonne, surging by X% against the previous year. Overall, import price indicated a strong increase 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. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Mexico ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
The country with the largest volume of asparagus consumption was China (8.5M tonnes), accounting for 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. The third position in this ranking was occupied by Peru (246K tonnes), with a 2.5% share.
What are the largest producers of asparagus in the world?
+
The country with the largest volume of asparagus production was China (8.5M tonnes), comprising approx. 88% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (375K tonnes), more than tenfold.
What are the leading suppliers of asparagus to Australia?
+
In value terms, Mexico ($19M) constituted the largest supplier of asparagus to Australia, comprising 96% of total imports. The second position in the ranking was occupied by the U.S. ($422K), with a 2.2% share of total imports.
What are the leading importers of asparagus from Australia?
+
In value terms, Japan ($10M) remains the key foreign market for asparagus exports from Australia, comprising 74% of total exports. The second position in the ranking was occupied by South Korea ($915K), with a 6.8% share of total exports. It was followed by Taiwan (Chinese), with a 6.3% share.
What is the average export price for asparagus in Australia?
+
In 2020, the average asparagus export price amounted to $7,207 per tonne, growing by 28% against the previous year.
What is the average import price for asparagus in Australia?
+
The average asparagus import price stood at $7,001 per tonne in 2020, jumping by 92% against the previous year.

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Australia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Australia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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