Italy: Preserved Asparagus Market 2023

Preserved Asparagus Market Size in Italy

In 2021, after three years of growth, there was significant decline in the Italian preserved asparagus market, when its value decreased by -5.6% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Preserved Asparagus Production in Italy

In value terms, preserved asparagus production shrank remarkably to $X in 2021 estimated in export price. Overall, production saw significant growth. The growth pace was the most rapid in 2019 when the production volume increased by 423%. Preserved asparagus production peaked at $X in 2020, and then declined significantly in the following year.

Preserved Asparagus Exports

Exports from Italy

In 2021, the amount of preserved asparagus exported from Italy fell to X tons, declining by -7.2% against 2020 figures. Overall, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 421% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved asparagus exports soared to $X in 2021. In general, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 124% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of preserved asparagus exports from Italy, together comprising 77% of total exports. Iceland, Slovenia, Belgium and Malta lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were in Iceland (with a CAGR of +157.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for preserved asparagus exported from Italy worldwide, with a combined 77% share of total exports. Iceland, Slovenia, Malta and Belgium lagged somewhat behind, together accounting for a further 13%.

Iceland, with a CAGR of +145.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2021, the average preserved asparagus export price amounted to $X per ton, with an increase of 25% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 156% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Saudi Arabia (+40.5%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Asparagus Imports

Imports into Italy

In 2021, approx. X tons of preserved asparagus were imported into Italy; which is down by -10.9% against the year before. In general, imports saw a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved asparagus imports contracted to $X in 2021. Over the period under review, imports showed a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by 39% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Peru (X tons), China (X tons) and Spain (X tons) were the main suppliers of preserved asparagus imports to Italy, together accounting for 99% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +6.4%), while purchases for the other leaders experienced a decline.

In value terms, Peru ($X) constituted the largest supplier of preserved asparagus to Italy, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 29% share of total imports. It was followed by Spain, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.1% per year) and Spain (-5.3% per year).

Import Prices by Country

In 2021, the average preserved asparagus import price amounted to $X per ton, increasing by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 an increase of 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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