Indonesia: Asparagus Market 2022

Asparagus Market Size in Indonesia

The Indonesian asparagus market soared to $X in 2021, increasing by X% 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). In general, consumption recorded perceptible growth. Asparagus consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Asparagus Exports

Exports from Indonesia

In 2021, asparagus exports from Indonesia declined significantly to X kg, with a decrease of -X% compared with 2020. In general, exports faced a deep downturn. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. The exports peaked at X tonnes in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, asparagus exports declined dramatically to $X in 2021. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X kg), Malaysia (X kg) and Qatar (X kg) were the main destinations of asparagus exports from Indonesia, together comprising X% of total exports. These countries were followed by Kuwait, Saudi Arabia and Oman, which together accounted for a further X 2012 to 2021, the biggest increases were in Kuwait (+X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for asparagus exported from Indonesia were Qatar ($X), Kuwait ($X) and Singapore ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Kuwait, with a CAGR of +X%, recorded the highest growth rate of 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

The average asparagus export price stood at $X per tonne in 2021, surging by X% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per tonne in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Indonesia

Asparagus imports into Indonesia skyrocketed to X tonnes in 2021, jumping by X% against the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. From 2020 to 2021, the growth imports remained at a lower figure.

In value terms, asparagus imports skyrocketed to $X in 2021. In general, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest asparagus supplier to Indonesia, with a X% share of total imports. Moreover, asparagus imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), eightfold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of asparagus to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (-X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2021, almost unchanged from the previous year. In general, the import price continues to indicate a pronounced slump. The growth pace was the most rapid in 2013 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform