Malaysia: Asparagus Market Overview 2021

Asparagus Market Size in Malaysia

In 2019, the Malaysian asparagus market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed buoyant growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Asparagus consumption peaked at $X in 2017; however, from 2018 to 2019, consumption stood at a somewhat lower figure.

Asparagus Exports

Exports from Malaysia

In 2019, overseas shipments of asparagus increased by X% to X tonnes, rising for the third consecutive year after seven years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Exports peaked in 2019 and are likely to see gradual growth in the immediate term.

In value terms, asparagus exports expanded significantly to $X in 2019. In general, exports enjoyed a strong expansion. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tonnes) was the main destination for asparagus exports from Malaysia, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to Singapore stood at +X%.

In value terms, Singapore ($X) also remains the key foreign market for asparagus exports from Malaysia.

From 2007 to 2019, the average annual growth rate of value to Singapore amounted to +X%.

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the export price saw a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2007 to 2019, the rate of growth in terms of prices for Singapore amounted to -X% per year.

Asparagus Imports

Imports into Malaysia

In 2019, purchases abroad of asparagus decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, asparagus imports amounted to $X in 2019. In general, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2012 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

China (X tonnes), Australia (X tonnes) and Singapore (X tonnes) were the main suppliers of asparagus imports to Malaysia, with a combined X% share of total imports. These countries were followed by the U.S., Peru, Spain and the Netherlands, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Australia ($X) and the U.S. ($X) constituted the largest asparagus suppliers to Malaysia, with a combined X% share of total imports. China, Peru, the Netherlands and Spain lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average asparagus import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price enjoyed a moderate increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2019 and is expected to retain growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

+

China (8.3M tonnes) remains the largest asparagus consuming country worldwide, comprising approx. 88% of total volume. It was followed by the U.S. (249K tonnes), with a 2.6% share of total consumption. Peru (229K tonnes) ranked third in terms of total consumption with a 2.4% share.

What are the largest producers of asparagus in the world?

+

The country with the largest volume of asparagus production was China (8.3M tonnes), 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 Malaysia?

+

In value terms, the largest asparagus suppliers to Malaysia were Singapore ($255K), Australia ($195K) and the U.S. ($81K), together accounting for 79% of total imports. China, Peru, the Netherlands and Spain lagged somewhat behind, together comprising a further 19%.

What are the leading importers of asparagus from Malaysia?

+

In value terms, Singapore ($42K) remains the key foreign market for asparagus exports from Malaysia.

What is the average export price for asparagus in Malaysia?

+

In 2019, the average asparagus export price amounted to $3,021 per tonne, reducing by -36.9% against the previous year.

What is the average import price for asparagus in Malaysia?

+

The average asparagus import price stood at $4,063 per tonne in 2019, with an increase of 35% against the previous year.