Indonesia: Asparagus Market Overview 2021

Asparagus Market Size in Indonesia

In 2020, the Indonesian asparagus market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Asparagus Production in Indonesia

In value terms, asparagus production shrank to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019, and then dropped in the following year.

The average yield of asparagus in Indonesia was estimated at X kg per ha in 2020, approximately reflecting 2019. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of asparagus production in Indonesia amounted to X ha, therefore, remained relatively stable against the year before. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Asparagus Exports

Exports from Indonesia

In 2020, shipments abroad of asparagus decreased by -X% to X kg, falling for the third year in a row after two years of growth. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, asparagus exports skyrocketed to $X in 2020. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for asparagus exports from Indonesia, with a X% share of total exports. Moreover, asparagus exports to the United Arab Emirates exceeded the volume sent to the second major destination, Singapore (X kg), twofold. Qatar (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the United Arab Emirates totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Qatar (+X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for asparagus exports from Indonesia, comprising X% of total exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the United Arab Emirates amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Singapore (-X% per year).

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Singapore ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore, while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into Indonesia

In 2020, after two years of growth, there was significant decline in purchases abroad of asparagus, when their volume decreased by -X% to X kg. In general, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, asparagus imports reduced sharply to $X in 2020. Overall, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Australia (X kg) was the main asparagus supplier to Indonesia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Australia stood at -X%.

In value terms, Australia ($X) constituted the largest supplier of asparagus to Indonesia.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia stood at -X%.

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, the import price recorded a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Australia.

From 2007 to 2020, the rate of growth in terms of prices for Australia amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

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The country with the largest volume of asparagus consumption was China (8.5M tonnes), accounting for 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. The third position in this ranking was occupied by Peru (246K tonnes), with a 2.5% share.

What are the largest producers of asparagus in the world?

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The country with the largest volume of asparagus production was China (8.5M tonnes), accounting for 88% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (375K tonnes), more than tenfold.

What are the leading suppliers of asparagus to Indonesia?

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In value terms, Australia ($358) constituted the largest supplier of asparagus to Indonesia.

What are the leading importers of asparagus from Indonesia?

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In value terms, the United Arab Emirates ($1.8K) emerged as the key foreign market for asparagus exports from Indonesia, comprising 61% of total exports. The second position in the ranking was occupied by Qatar ($520), with a 17% share of total exports. It was followed by Singapore, with a 9.4% share.

What is the average export price for asparagus in Indonesia?

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The average asparagus export price stood at $18,378 per tonne in 2020, surging by 64% against the previous year.

What is the average import price for asparagus in Indonesia?

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The average asparagus import price stood at $8,732 per tonne in 2020, rising by 108% against the previous year.