EU: Asparagus Market 2022

Asparagus Market Size in the EU

The EU asparagus market expanded to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Asparagus Production in the EU

In value terms, asparagus production reduced to $X in 2021 estimated in export prices. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Germany (X tonnes) remains the largest asparagus producing country in the European Union, accounting for X% of total volume. Moreover, asparagus production in Germany exceeded the figures recorded by the second-largest producer, Spain (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Germany totaled +X%. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Italy (+X% per year).

The average asparagus yield amounted to X tonnes per ha in 2021, remaining stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, the asparagus yield attained the maximum level at X tonnes per ha in 2018; however, from 2019 to 2021, 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 stood at X ha in 2021, remaining constant against the previous year's figure. The harvested area increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. The level of harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area failed to regain momentum.

Production By Country in the EU

Germany (X tonnes) remains the largest asparagus producing country in the European Union, comprising approx. X% of total volume. Moreover, asparagus production in Germany exceeded the figures recorded by the second-largest producer, Spain (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume in Germany totaled +X%. The remaining producing countries recorded the following average annual rates of production growth: Spain (+X% per year) and Italy (+X% per year).

Asparagus Exports

Exports in the EU

Asparagus exports soared to X tonnes in 2021, picking up by X% against 2020. The total export volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asparagus exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Spain (X tonnes), distantly followed by the Netherlands (X tonnes), Italy (X tonnes), France (X tonnes), Greece (X tonnes), Germany (X tonnes) and Belgium (X tonnes) represented the largest exporters of asparagus, together achieving X% of total exports.

From 2012 to 2021, the biggest increases were in Belgium (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus supplying countries in the European Union were Spain ($X), the Netherlands ($X) and Italy ($X), with a combined X% share of total exports. France, Germany, Belgium and Greece lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the asparagus export price in the European Union amounted to $X per tonne, jumping by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per tonne), while Spain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+X%), while the other leaders experienced more modest paces of growth.

Asparagus Imports

Imports in the EU

In 2021, asparagus imports in the European Union surged to X tonnes, picking up by X% on the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, asparagus imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tonnes), distantly followed by the Netherlands (X tonnes), France (X tonnes), Spain (X tonnes), Belgium (X tonnes), Denmark (X tonnes) and Italy (X tonnes) represented the largest importers of asparagus, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total imports. Spain, Belgium, Italy and Denmark lagged somewhat behind, together comprising a further X terms of the main importing countries, Denmark, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The asparagus import price in the European Union stood at $X per tonne in 2021, with an increase of X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belgium ($X per tonne) and the Netherlands ($X per tonne), while Denmark ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform