Japan: Preserved Asparagus Market 2023

Preserved Asparagus Market Size in Japan

After two years of growth, the Japanese preserved asparagus market decreased by -21.1% to $X in 2021. Overall, consumption showed a deep reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Preserved Asparagus Production in Japan

In value terms, preserved asparagus production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 71%. Preserved asparagus production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Asparagus Exports

Exports from Japan

In 2021, overseas shipments of preserved asparagus increased by 13% to X kg, rising for the second year in a row after five years of decline. Over the period under review, exports posted a noticeable increase. The pace of growth was the most pronounced in 2014 with an increase of 515%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved asparagus exports skyrocketed to $X in 2021. Overall, exports posted notable growth. The growth pace was the most rapid in 2014 with an increase of 405% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Macao SAR (X kg) was the main destination for preserved asparagus exports from Japan, with a 99% share of total exports. It was followed by the United Arab Emirates (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Macao SAR amounted to -17.6%.

In value terms, Macao SAR ($X) emerged as the key foreign market for preserved asparagus exports from Japan, comprising 92% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Macao SAR amounted to -1.8%.

Export Prices by Country

The average preserved asparagus export price stood at $X per ton in 2021, with an increase of 127% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 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 the United Arab Emirates ($X per ton), while the average price for exports to Macao SAR stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Asparagus Imports

Imports into Japan

In 2021, after two years of growth, there was significant decline in supplies from abroad of preserved asparagus, when their volume decreased by -22.3% to X tons. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved asparagus imports dropped markedly to $X in 2021. In general, imports showed a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 12%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons) and Peru (X tons) were the main suppliers of preserved asparagus imports to Japan.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of -3.2%).

In value terms, the largest preserved asparagus suppliers to Japan were China ($X) and Peru ($X).

Peru, with a CAGR of -0.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average preserved asparagus import price stood at $X per ton in 2021, stabilizing at 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 2014 when the average import price increased by 10%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Peru amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+2.4%).

Source: IndexBox Market Intelligence Platform

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