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

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Asparagus Market Size in Belgium

The Belgian asparagus market soared to $X in 2020, surging by X% against the previous year. Overall, consumption showed a resilient expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level in 2020 and is likely to see gradual growth in years to come.

Asparagus Production in Belgium

In value terms, asparagus production soared to $X in 2020 estimated in export prices. Over the period under review, production saw prominent growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% year-to-year. Asparagus production peaked in 2020 and is likely to continue growth in the immediate term.

In 2020, the average yield of asparagus in Belgium reached X tonnes per ha, approximately equating the year before. The yield figure increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2009 when the yield increased by X% year-to-year. Over the period under review, the average asparagus yield reached the maximum level at X tonnes per ha in 2011; however, from 2012 to 2020, the yield stood 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.

The asparagus harvested area in Belgium expanded remarkably to X ha in 2020, surging by X% compared with 2019. Over the period under review, the harvested area recorded a resilient expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. The asparagus harvested area peaked in 2020 and is expected to retain growth in the immediate term.

Asparagus Exports

Exports from Belgium

In 2020, shipments abroad of asparagus decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. Over the period under review, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2019, and then fell notably in the following year.

In value terms, asparagus exports expanded sharply to $X in 2020. Overall, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

The Netherlands (X tonnes) was the main destination for asparagus exports from Belgium, accounting for a X% share of total exports. Moreover, asparagus exports to the Netherlands exceeded the volume sent to the second major destination, France (X tonnes), twofold. The third position in this ranking was occupied by Sweden (X tonnes), with a X% share.

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

In value terms, the Netherlands ($X) remains the key foreign market for asparagus exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Norway (+X% per year).

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Norway ($X per tonne), while the average price for exports to France ($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 Luxembourg, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Belgium

In 2020, approx. X tonnes of asparagus were imported into Belgium; dropping by -X% against 2019. Overall, imports, however, showed a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, asparagus imports rose significantly to $X in 2020. In general, imports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked in 2020 and are expected to retain growth in years to come.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest asparagus supplier to Belgium, with a X% share of total imports. Moreover, asparagus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Peru (X tonnes), twofold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Spain (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+X% per year) and Mexico (+X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2020, jumping by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. The import price peaked in 2020 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Peru ($X per tonne), while the price for Spain ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
China (8.5M tonnes) remains the largest asparagus consuming country worldwide, accounting for 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. Peru (246K tonnes) ranked third in terms of total consumption with a 2.5% share.
What are the largest producers of asparagus in the world?
+
China (8.5M tonnes) remains the largest asparagus producing country worldwide, accounting for 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 Belgium?
+
In value terms, the Netherlands ($22M) constituted the largest supplier of asparagus to Belgium, comprising 58% of total imports. The second position in the ranking was occupied by Peru ($10M), with a 28% share of total imports. It was followed by Mexico, with a 4.9% share.
What are the leading importers of asparagus from Belgium?
+
In value terms, the Netherlands ($8.4M) remains the key foreign market for asparagus exports from Belgium, comprising 41% of total exports. The second position in the ranking was occupied by France ($2M), with a 9.7% share of total exports. It was followed by Norway, with a 7.8% share.
What is the average export price for asparagus in Belgium?
+
In 2020, the average asparagus export price amounted to $6,343 per tonne, increasing by 27% against the previous year.
What is the average import price for asparagus in Belgium?
+
The average asparagus import price stood at $5,924 per tonne in 2020, with an increase of 20% against the previous year.

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus market in Belgium. 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:
• Belgium

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belgium
• 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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