Italy: Preserved Asparagus Market Overview 2021

Preserved Asparagus Market Size in Italy

The Italian preserved asparagus market rose slightly to $X in 2020, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Preserved Asparagus Production in Italy

In value terms, preserved asparagus production skyrocketed to $X in 2020 estimated in export prices. Overall, production, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in years to come.

Preserved Asparagus Exports

Exports from Italy

After three years of growth, shipments abroad of preserved asparagus decreased by -X% to X tonnes in 2020. Over the period under review, exports, however, continue to indicate mild growth. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

In value terms, preserved asparagus exports shrank sharply to $X in 2020. In general, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

France (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main destinations of preserved asparagus exports from Italy, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain, while exports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) appeared to be the largest markets for preserved asparagus exported from Italy worldwide, together accounting for X% of total exports.

Spain recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved asparagus export price stood at $X per tonne in 2020, growing by X% against the previous year. Overall, export price indicated a mild expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved asparagus export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2016 to 2020, the growth in terms of the average 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 Germany ($X per tonne), while the average price for exports to Spain ($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 Iceland, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Asparagus Imports

Imports into Italy

In 2020, the amount of preserved asparagus imported into Italy fell to X tonnes, shrinking by -X% against 2019 figures. In general, imports recorded a mild decline. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved asparagus imports reduced modestly to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

Peru (X tonnes), China (X tonnes) and France (X tonnes) were the main suppliers of preserved asparagus imports to Italy, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced a decline.

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

From 2007 to 2020, the average annual growth rate of value from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and France (-X% per year).

Import Prices by Country

The average preserved asparagus import price stood at $X per tonne in 2020, surging by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. The import price peaked at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?

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The countries with the highest volumes of preserved asparagus consumption in 2020 were Spain (38K tonnes), China (28K tonnes) and Germany (18K tonnes), with a combined 39% share of global consumption. France, India, the U.S., Japan, Brazil, Denmark, Russia, Indonesia and Bangladesh lagged somewhat behind, together comprising a further 27%.

What are the largest producers of preserved asparagus in the world?

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The country with the largest volume of preserved asparagus production was China (78K tonnes), comprising approx. 36% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. India (11K tonnes) ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of preserved asparagus to Italy?

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In value terms, Peru ($2.6M) constituted the largest supplier of preserved asparagus to Italy, comprising 66% of total imports. The second position in the ranking was occupied by China ($1.1M), with a 27% share of total imports.

What are the leading importers of preserved asparagus from Italy?

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In value terms, France ($296K), Germany ($211K) and Spain ($181K) appeared to be the largest markets for preserved asparagus exported from Italy worldwide, with a combined 80% share of total exports.

What is the average export price for preserved asparagus in Italy?

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The average preserved asparagus export price stood at $4,890 per tonne in 2020, rising by 41% against the previous year.

What is the average import price for preserved asparagus in Italy?

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In 2020, the average preserved asparagus import price amounted to $3,199 per tonne, surging by 2.2% against the previous year.