
Germany - Preserved Asparagus - Market Analysis, Forecast, Size, Trends and Insights
Germany: Preserved Asparagus Market 2023
Preserved Asparagus Market Size in Germany
The German preserved asparagus market reduced dramatically to $X in 2021, which is down by -24.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable shrinkage. Preserved asparagus consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Preserved Asparagus Exports
Exports from Germany
In 2021, shipments abroad of preserved asparagus increased by 3.6% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 19%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
In value terms, preserved asparagus exports reached $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Denmark (X tons), France (X tons) and Belgium (X tons) were the main destinations of preserved asparagus exports from Germany, together accounting for 77% of total exports.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +22.9%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for preserved asparagus exported from Germany were France ($X), Denmark ($X) and Belgium ($X), together accounting for 73% of total exports.
Among the main countries of destination, Belgium, with a CAGR of +27.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average preserved asparagus export price amounted to $X per ton, rising by 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2014 an increase of 12% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Asparagus Imports
Imports into Germany
In 2021, approx. X tons of preserved asparagus were imported into Germany; dropping by -28% compared with the year before. In general, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of 19%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, preserved asparagus imports contracted markedly to $X in 2021. Overall, imports saw a mild downturn. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of preserved asparagus to Germany, accounting for a 66% share of total imports. Moreover, preserved asparagus imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-6.2% per year) and the Netherlands (-3.4% per year).
In value terms, China ($X) constituted the largest supplier of preserved asparagus to Germany, comprising 60% of total imports. The second position in the ranking was taken by Peru ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 15% share.
From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-3.6% per year) and the Netherlands (-0.9% per year).
Import Prices by Country
The average preserved asparagus import price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2014 when the average import price increased by 22%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Spain ($X per ton), while the price for China ($X per ton) and Peru ($X per ton) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved asparagus market in Germany. 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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