Saudi Arabia - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Saudi Arabia: Asparagus Market Overview 2020

Asparagus Market Size in Saudi Arabia

The revenue of the asparagus market in Saudi Arabia amounted to $X in 2018, jumping 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 expansion. The pace of growth appeared the most rapid in 2015 when the market value increased by X% y-o-y. Over the period under review, the asparagus market attained its peak figure level in 2018 and is likely to continue its growth in the near future.

Asparagus Exports

Exports from Saudi Arabia

In 2018, the amount of asparagus exported from Saudi Arabia amounted to X tonnes, declining by -X% against the previous year. Over the period under review, asparagus exports continue to indicate a deep decline. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, asparagus exports amounted to $X in 2018. Over the period under review, asparagus exports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, asparagus exports reached their maximum at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Ireland (X tonnes) was the main destination for asparagus exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, asparagus exports to Ireland exceeded the volume sent to the second major destination, Germany (X kg), fourfold. Switzerland (X kg) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Ireland totaled +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 ($X) remains the key foreign market for asparagus exports from Saudi Arabia, comprising X% of total asparagus exports. The second position in the ranking was occupied by Ireland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Switzerland stood at -X%. 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

In 2018, the average asparagus export price amounted to $X per tonne, lowering by -X% against the previous year. In general, the export price indicated a modest expansion from 2007 to 2018: its price 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. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. Over the period under review, the average export prices for asparagus reached their maximum at $X per tonne in 2017, and then declined slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Saudi Arabia

Asparagus imports into Saudi Arabia totaled X tonnes in 2018, rising by X% against the previous year. In general, asparagus imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the immediate term.

In value terms, asparagus imports totaled $X in 2018. Over the period under review, asparagus imports continue to indicate prominent growth. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, asparagus imports attained their peak figure in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the Netherlands (X tonnes) constituted the largest supplier of asparagus to Saudi Arabia, with a X% share of total imports. Moreover, asparagus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Thailand (X tonnes), threefold. Australia (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Australia (+X% per year).

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

From 2007 to 2018, the average annual growth rate of value from the Netherlands stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the asparagus import price, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2012 an increase of X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for Australia ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Peru, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform