Finland: Asparagus Market Overview 2021

Asparagus Market Size in Finland

After nine years of growth, the Finnish asparagus market decreased by -X% to $X in 2019. Overall, consumption, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Asparagus Production in Finland

In value terms, asparagus production dropped markedly to $X in 2019 estimated in export prices. In general, production saw prominent growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018, and then reduced remarkably in the following year.

In 2019, the average yield of asparagus in Finland was estimated at X kg per ha, standing approx. at 2018 figures. In general, the yield posted a prominent increase. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. The asparagus yield peaked in 2019 and is likely to see gradual growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, approx. X ha of asparagus were harvested in Finland; growing by X% against the previous year's figure. The harvested area increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to asparagus production attained the maximum in 2019 and is expected to retain growth in the near future.

Asparagus Exports

Exports from Finland

Asparagus exports from Finland soared to X tonnes in 2019, surging by X% against 2018 figures. Over the period under review, exports recorded a buoyant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asparagus exports surged to $X in 2019. Overall, exports recorded buoyant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tonnes) was the main destination for asparagus exports from Finland, accounting for a X% share of total exports. Moreover, asparagus exports to the Netherlands exceeded the volume sent to the second major destination, Estonia (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume to the Netherlands totaled +X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for asparagus exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to +X%.

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2019, declining by -X% against the previous year. In general, export price indicated a mild increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, asparagus export price decreased by -X% against 2017 indices. The growth pace was the most rapid in 2012 an increase of X% year-to-year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per tonne), while the average price for exports to the Netherlands totaled $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands.

Asparagus Imports

Imports into Finland

In 2019, overseas purchases of asparagus decreased by -X% to X tonnes for the first time since 2009, thus ending a nine-year rising trend. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes, and then reduced in the following year.

In value terms, asparagus imports contracted significantly to $X in 2019. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of asparagus to Finland, with a X% share of total imports. Moreover, asparagus imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), sixfold. The third position in this ranking was occupied by Peru (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Peru (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and Peru (+X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2016 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

+

China (8.3M tonnes) constituted the country with the largest volume of asparagus consumption, comprising approx. 88% of total volume. It was followed by the U.S. (249K tonnes), with a 2.6% share of total consumption. The third position in this ranking was occupied by Peru (229K tonnes), with a 2.4% share.

What are the largest producers of asparagus in the world?

+

The country with the largest volume of asparagus production was China (8.3M tonnes), accounting for 88% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (367K tonnes), more than tenfold.

What are the leading suppliers of asparagus to Finland?

+

In value terms, Spain ($3.2M) constituted the largest supplier of asparagus to Finland, comprising 51% of total imports. The second position in the ranking was occupied by Belgium ($817K), with a 13% share of total imports. It was followed by Peru, with a 12% share.

What are the leading importers of asparagus from Finland?

+

In value terms, the Netherlands ($51K) emerged as the key foreign market for asparagus exports from Finland, comprising 70% of total exports. The second position in the ranking was occupied by Estonia ($21K), with a 28% share of total exports.

What is the average export price for asparagus in Finland?

+

The average asparagus export price stood at $5,556 per tonne in 2019, which is down by -26% against the previous year.

What is the average import price for asparagus in Finland?

+

In 2019, the average asparagus import price amounted to $3,934 per tonne, which is down by -20.9% against the previous year.