Middle East: Asparagus Market 2024

Asparagus Market Size in the Middle East

In 2023, after three years of growth, there was decline in the Middle Eastern asparagus market, when its value decreased by X% to $X. The total consumption indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Asparagus Production in the Middle East

In value terms, asparagus production stood at $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Iran (X tons) constituted the country with the largest volume of asparagus production, accounting for X% of total volume. Moreover, asparagus production in Iran exceeded the figures recorded by the second-largest producer, Turkey (X tons), more than tenfold.

In Iran, asparagus production increased at an average annual rate of X% over the period from 2012-2023.

In 2023, the average yield of asparagus in the Middle East expanded modestly to X tons per ha, increasing by X% on 2022 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2016; however, from 2017 to 2023, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of asparagus in the Middle East contracted slightly to X ha, with a decrease of X% compared with 2022. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha, and then fell modestly in the following year.

Asparagus Exports

Exports in the Middle East

In 2023, exports of asparagus in the Middle East skyrocketed to X tons, growing by X% against the previous year. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, asparagus exports surged to $X in 2023. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of asparagus in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Turkey (X tons), making up a X% share of total exports. The following exporters - Israel (X tons), Bahrain (X tons) and Syrian Arab Republic (X tons) - together made up X% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Turkey (X%), Syrian Arab Republic (X%) and Israel (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates, Turkey, Bahrain and Syrian Arab Republic increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest asparagus supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

In 2023, the export price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a noticeable reduction. The growth pace was the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Syrian Arab Republic ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Asparagus Imports

Imports in the Middle East

In 2023, supplies from abroad of asparagus decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank notably in the following year.

In value terms, asparagus imports shrank slightly to $X in 2023. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then dropped slightly in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons) represented the key importer of asparagus, mixing up X% of total imports. Qatar (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Kuwait (X%). The following importers - Jordan (X tons) and Oman (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to asparagus imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Oman (X%), Turkey (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. Kuwait experienced a relatively flat trend pattern. Qatar (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest asparagus importing markets in the Middle East were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), with a combined X% share of total imports.

Among the main importing countries, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price saw a modest expansion. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform