Indonesia: Asparagus Market Overview 2021

Asparagus Market Size in Indonesia

In 2019, the Indonesian asparagus market decreased by -X% to $X for the first time since 2014, thus ending a four-year rising trend. Over the period under review, consumption recorded a abrupt downturn. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Asparagus Exports

Exports from Indonesia

For the third consecutive year, Indonesia recorded decline in overseas shipments of asparagus, which decreased by -X% to X kg in 2019. In general, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2019, exports failed to regain the momentum.

In value terms, asparagus exports surged to $X in 2019. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for asparagus exports from Indonesia, accounting for a X% share of total exports. Moreover, asparagus exports to Singapore exceeded the volume sent to the second major destination, Kuwait (X kg), more than tenfold. The third position in this ranking was occupied by Qatar (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Qatar (+X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+X% per year) and Qatar (+X% per year).

Export Prices by Country

In 2019, the average asparagus export price amounted to $X per tonne, growing by X% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The export price peaked at $X per tonne in 2007; however, from 2008 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 Kuwait ($X per tonne), while the average price for exports to Oman ($X per tonne) was amongst the lowest.

From 2007 to 2019, 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 2019, after four years of growth, there was significant decline in overseas purchases of asparagus, when their volume decreased by -X% to X tonnes. Overall, imports showed a deep slump. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2009; however, from 2010 to 2019, imports stood at a somewhat lower figure.

In value terms, asparagus imports dropped notably to $X in 2019. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) constituted the largest asparagus supplier to Indonesia, with a X% share of total imports. Moreover, asparagus imports from the U.S. exceeded the figures recorded by the second-largest supplier, Australia (X kg), sixfold. China (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and China (X% per year).

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

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

Import Prices by Country

In 2019, the average asparagus import price amounted to $X per tonne, reducing by -X% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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?

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China (8.3M tonnes) remains the largest asparagus consuming country worldwide, accounting for 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?

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China (8.3M tonnes) constituted the country with the largest volume of asparagus production, 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 Indonesia?

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In value terms, the U.S. ($25K) constituted the largest supplier of asparagus to Indonesia, comprising 81% of total imports. The second position in the ranking was occupied by Australia ($3.2K), with a 10% share of total imports. It was followed by China, with a 3.3% share.

What are the leading importers of asparagus from Indonesia?

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In value terms, Singapore ($1.8K) remains the key foreign market for asparagus exports from Indonesia, comprising 87% of total exports. The second position in the ranking was occupied by Kuwait ($126), with a 6.1% share of total exports. It was followed by Qatar, with a 3.1% share.

What is the average export price for asparagus in Indonesia?

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The average asparagus export price stood at $10,203 per tonne in 2019, surging by 180% 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 $4,202 per tonne in 2019, with a decrease of -14.2% against the previous year.