Saudi Arabia - Asparagus - Market Analysis, Forecast, Size, Trends and Insights

Saudi Arabia: Asparagus Market Overview 2019

Asparagus Market Size in Saudi Arabia

The revenue of the asparagus market in Saudi Arabia amounted to $X in 2017, lowering by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, asparagus consumption continues to indicate a prominent growth. The pace of growth was the most pronounced in 2012, with an increase of X% against the previous year. Over the period under review, the asparagus market reached its peak figure level of $X in 2016, and then declined slightly in the following year.

Asparagus Exports

Exports from Saudi Arabia

In 2017, approx. X tonnes of asparagus were exported from Saudi Arabia; surging by X% against the previous year. In general, asparagus exports continue to indicate a drastic deduction. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. The exports peaked of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, asparagus exports stood at $X in 2017. Overall, asparagus exports continue to indicate a significant decline. Over the period under review, the asparagus exports reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports by Country

Ireland (X tonnes) was the main destination of asparagus exports from Saudi Arabia, accounting for X% share of total exports. Moreover, asparagus exports to Ireland exceeded the volume sent to the second major destination, Germany (X kg), threefold. The third position in this ranking was occupied by Switzerland (X kg), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Ireland amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Switzerland (X% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for asparagus exports from Saudi Arabia, making up X% of total asparagus exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Switzerland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-X% per year) and Germany (+X% per year).

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2017, remaining stable against the previous year. Overall, the export price indicated a modest increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the asparagus export price decreased by -X% against 2013 indices. The pace of growth was the most pronounced in 2013, an increase of X% year-to-year. In that year, the average export prices for asparagus attained their peak level of $X per tonne. From 2014 to 2017, growth of the average export prices for asparagus failed to regain its momentum.

There were significant differences in the average export prices for the major foreign markets. In 2017, the country with the highest export price was Switzerland ($X per kg), while average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Seychelles (X% per year), the export prices for other major destinations experienced mixed trend patterns.

Asparagus Imports

Imports into Saudi Arabia

Asparagus imports into Saudi Arabia stood at X tonnes in 2017, coming down by -X% against the previous year. In general, asparagus imports continue to indicate a remarkable growth. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. The imports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, asparagus imports stood at $X in 2017. Overall, asparagus imports continue to indicate a prominent growth. Over the period under review, the asparagus imports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Imports by Country

The Netherlands (X tonnes), the U.S. (X tonnes) and the United Arab Emirates (X tonnes) were the main suppliers of asparagus imports to Saudi Arabia, together accounting for X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of asparagus to Saudi Arabia, making up X% of total asparagus imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2007 to 2017, the average annual growth rate of value from the Netherlands totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2017, the average asparagus import price amounted to $X per tonne, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015, an increase of X% year-to-year. In that year, the average import prices for asparagus attained their peak level of $X per tonne. From 2016 to 2017, growth of the average import prices for asparagus stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was the Netherlands ($X per tonne), while price for Peru ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the United Arab Emirates (+X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox AI Platform