Czech Republic - Asparagus - Market Analysis, Forecast, Size, Trends and Insights

Czech Republic: Asparagus Market Overview 2020

Asparagus Market Size in the Czech Republic

The revenue of the asparagus market in the Czech Republic amounted to $X in 2018, surging by X% against the previous year. In general, asparagus consumption continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the asparagus market attained its maximum level in 2018 and is likely to see steady growth in the immediate term.

Asparagus Production in the Czech Republic

In value terms, asparagus production amounted to $X in 2018 estimated in export prices. Overall, asparagus production continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2011 when production volume increased by X% year-to-year. Asparagus production peaked at $X in 2013; however, from 2014 to 2018, production failed to regain its momentum.

In 2018, the average yield of asparagus in the Czech Republic amounted to X tonne per ha, approximately mirroring the previous year. In general, the asparagus yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, the average asparagus yield reached its peak figure level at X tonne per ha in 2008; however, from 2009 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of asparagus production in the Czech Republic totaled X ha, shrinking by -X% against the previous year. Overall, the asparagus harvested area continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2010 when harvested area increased by X% y-o-y. Asparagus harvested area peaked at X ha in 2012; however, from 2013 to 2018, harvested area stood at a somewhat lower figure.

Asparagus Exports

Exports from the Czech Republic

In 2018, the exports of asparagus from the Czech Republic totaled X tonnes, reducing by -X% against the previous year. Overall, asparagus exports continue to indicate a deep deduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, asparagus exports amounted to $X in 2018. Over the period under review, asparagus exports continue to indicate a drastic decline. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, asparagus exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports remained at a lower figure.

Exports by Country

Slovakia (X tonnes), Hungary (X tonnes) and Finland (X tonnes) were the main destinations of asparagus exports from the Czech Republic, together accounting for X% of total exports. These countries were followed by the Netherlands and Bulgaria, which together accounted for a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Netherlands, while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), the Netherlands ($X) and Finland ($X) constituted the largest markets for asparagus exported from the Czech Republic worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, the Netherlands experienced the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average asparagus export price amounted to $X per tonne, picking up by X% against the previous year. Overall, the asparagus export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for asparagus reached their peak figure at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Finland, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into the Czech Republic

In 2018, the amount of asparagus imported into the Czech Republic stood at X tonnes, rising by X% against the previous year. Overall, asparagus imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, asparagus imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, asparagus imports stood at $X in 2018. Overall, asparagus imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

Imports by Country

Spain (X tonnes), Hungary (X tonnes) and Germany (X tonnes) were the main suppliers of asparagus imports to the Czech Republic, together comprising X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Germany, while the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus suppliers to the Czech Republic were Germany ($X), Spain ($X) and Hungary ($X), together comprising X% of total imports. Slovakia, Peru, Chile and Greece lagged somewhat behind, together comprising a further X experienced the highest rates of growth with regard to imports, among the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average asparagus import price amounted to $X per tonne, jumping by X% against the previous year. In general, the import price indicated modest growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for asparagus attained their maximum at $X per tonne in 2010; however, from 2011 to 2018, import prices remained at a lower figure.

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

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform