Saudi Arabia: Asparagus Market Overview 2021

Asparagus Market Size in Saudi Arabia

The Saudi asparagus market was finally on the rise to reach $X in 2020, after two years of decline. Overall, consumption continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. from 2018 to 2020, the growth of the market remained at a lower figure.

Asparagus Production in Saudi Arabia

In value terms, asparagus production stood at $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2018 to 2020, production growth remained at a lower figure.

In 2020, the average yield of asparagus in Saudi Arabia stood at X kg per ha, remaining constant against 2019. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the asparagus harvested area in Saudi Arabia totaled X ha, remaining relatively unchanged against 2019. Over the period under review, the harvested area showed a relatively flat trend pattern.

Asparagus Exports

Exports from Saudi Arabia

In 2020, asparagus exports from Saudi Arabia skyrocketed to X tonnes, rising by X% compared with the previous year's figure. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, asparagus exports skyrocketed to $X in 2020. Over the period under review, exports showed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

Bahrain (X tonnes) was the main destination for asparagus exports from Saudi Arabia, with a X% share of total exports. Moreover, asparagus exports to Bahrain exceeded the volume sent to the second major destination, Kuwait (X tonnes), threefold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bahrain stood at +X%.

In value terms, Kuwait ($X) and Bahrain ($X) appeared to be the largest markets for asparagus exported from Saudi Arabia worldwide.

Bahrain recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average asparagus export price amounted to $X per tonne, increasing by X% against the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. from 2018 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Bahrain amounted to $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait.

Asparagus Imports

Imports into Saudi Arabia

In 2020, the amount of asparagus imported into Saudi Arabia stood at X kg, leveling off at 2019. In general, imports recorded a significant increase. The growth pace was the most rapid in 2011 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, asparagus imports totaled $X in 2020. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

The U.S. (X tonnes) and the Netherlands (X tonnes) were the main suppliers of asparagus imports to Saudi Arabia.

From 2007 to 2014, the biggest increases were in the U.S. (+X% per year).

In value terms, the Netherlands ($X) and the U.S. ($X) appeared to be the largest asparagus suppliers to Saudi Arabia.

The U.S. (+X% per year) saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2014, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2014, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2014, the country with the highest price was the Netherlands ($X per tonne), while the price for the U.S. totaled $X per tonne.

From 2007 to 2014, the most notable rate of growth in terms of prices was attained by the Netherlands.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

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China (8.5M tonnes) constituted the country with the largest volume of asparagus consumption, accounting for 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. The third position in this ranking was occupied by Peru (246K tonnes), 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 Saudi Arabia?

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In value terms, the Netherlands ($263K) and the U.S. ($257K) constituted the largest asparagus suppliers to Saudi Arabia.

What are the leading importers of asparagus from Saudi Arabia?

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In value terms, the largest markets for asparagus exported from Saudi Arabia were Kuwait ($28K) and Bahrain ($16K).

What is the average export price for asparagus in Saudi Arabia?

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In 2020, the average asparagus export price amounted to $2,247 per tonne, picking up by 31% against the previous year.

What is the average import price for asparagus in Saudi Arabia?

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The average asparagus import price stood at $3,923 per tonne in 2014, declining by -27% against the previous year.

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