Romania: Asparagus Market Overview 2021

Asparagus Market Size in Romania

In 2020, the Romanian asparagus market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. In general, consumption, however, enjoyed significant growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then dropped sharply in the following year.

Asparagus Exports

Exports from Romania

In 2020, shipments abroad of asparagus increased by X% to X tonnes, rising for the second consecutive year after five years of decline. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2009 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, asparagus exports surged to $X in 2020. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Moldova (X tonnes) was the main destination for asparagus exports from Romania, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Moldova amounted to +X%.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Moldova totaled +X%.

Export Prices by Country

In 2020, the average asparagus export price amounted to $X per tonne, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Moldova amounted to -X% per year.

Asparagus Imports

Imports into Romania

In 2020, the amount of asparagus imported into Romania expanded significantly to X tonnes, with an increase of X% on the previous year. In general, imports showed resilient 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 hit record highs at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, asparagus imports rose slightly to $X in 2020. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), Italy (X tonnes) and the Netherlands (X tonnes) were the main suppliers of asparagus imports to Romania, with a combined X% share of total imports. Spain, France, Belgium and Hungary lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus suppliers to Romania were the Netherlands ($X), Germany ($X) and Spain ($X), together comprising X% of total imports. France, Italy, Belgium and Hungary lagged somewhat behind, together accounting for a further X terms of the main suppliers, France (+X% per year) saw 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

In 2020, the average asparagus import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, import price indicated a remarkable increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, asparagus import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

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The country with the largest volume of asparagus consumption was China (8.5M tonnes), comprising approx. 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. Peru (246K tonnes) ranked third in terms of total consumption with a 2.5% share.

What are the largest producers of asparagus in the world?

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China (8.5M tonnes) remains the largest asparagus producing country worldwide, comprising approx. 88% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (375K tonnes), more than tenfold.

What are the leading suppliers of asparagus to Romania?

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In value terms, the Netherlands ($454K), Germany ($371K) and Spain ($244K) constituted the largest asparagus suppliers to Romania, with a combined 63% share of total imports. These countries were followed by France, Italy, Belgium and Hungary, which together accounted for a further 35%.

What are the leading importers of asparagus from Romania?

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In value terms, Moldova ($22K) remains the key foreign market for asparagus exports from Romania.

What is the average export price for asparagus in Romania?

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The average asparagus export price stood at $6,443 per tonne in 2020, stabilizing at the previous year.

What is the average import price for asparagus in Romania?

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The average asparagus import price stood at $4,419 per tonne in 2020, reducing by -10.7% against the previous year.