Portugal: Asparagus Market 2024

Asparagus Market Size in Portugal

In 2022, the Portuguese asparagus market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Asparagus Production in Portugal

In value terms, asparagus production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of asparagus in Portugal shrank rapidly to X tons per ha in 2022, waning by X% compared with the previous year. Over the period under review, the yield saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the yield increased by X% against the previous year. Over the period under review, the average asparagus yield attained the peak level at X tons per ha in 2019; however, from 2020 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The asparagus harvested area in Portugal declined remarkably to X ha in 2022, with a decrease of X% on the year before. Overall, the harvested area, however, recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha, and then contracted dramatically in the following year.

Asparagus Exports

Exports from Portugal

In 2022, the amount of asparagus exported from Portugal fell dramatically to X tons, shrinking by X% compared with the previous year. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, asparagus exports dropped rapidly to $X in 2022. In general, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted significantly in the following year.

Exports by Country

Denmark (X tons) was the main destination for asparagus exports from Portugal, accounting for a X% share of total exports. Moreover, asparagus exports to Denmark exceeded the volume sent to the second major destination, Spain (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Spain ($X), the Netherlands ($X) and Denmark ($X) were the largest markets for asparagus exported from Portugal worldwide, with a combined X% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price faced a deep downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into Portugal

In 2022, overseas purchases of asparagus increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, asparagus imports shrank markedly to $X in 2022. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest asparagus supplier to Portugal, with a X% share of total imports. Moreover, asparagus imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, Spain ($X) constituted the largest supplier of asparagus to Portugal, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform