Saudi Arabia: Asparagus Market 2022

Asparagus Market Size in Saudi Arabia

In 2021, after two years of growth, there was significant decline in the Saudi asparagus market, when its value decreased by -X% to $X. Over the period under review, consumption, however, showed significant growth. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Asparagus Production in Saudi Arabia

In value terms, asparagus production shrank sharply to $X in 2021 estimated in export prices. In general, production, however, saw significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X, and then declined significantly in the following year.

The average yield of asparagus in Saudi Arabia was estimated at less than X kg per ha in 2021, leveling off at the year before. Overall, the yield showed 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 2021, approx. less than X ha of asparagus were harvested in Saudi Arabia; approximately mirroring the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Asparagus Exports

Exports from Saudi Arabia

Asparagus exports from Saudi Arabia surged to X kg in 2021, growing by X% on 2020. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tonnes. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, asparagus exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Bahrain totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-X% per year) and Denmark (X% per year).

In value terms, the largest markets for asparagus exported from Saudi Arabia were Bahrain ($X), Kuwait ($X) and Denmark ($X the main countries of destination, Bahrain, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average asparagus export price stood at $X per tonne in 2021, dropping by -X% against the previous year. Over the period under review, the export price, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the average export prices reached the maximum at $X per tonne in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Kuwait ($X per tonne), while the average price for exports to Bahrain ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Saudi Arabia

In 2021, approx. less than X kg of asparagus were imported into Saudi Arabia; remaining relatively unchanged against 2020 figures. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2015 to 2021, the growth imports failed to regain momentum.

In value terms, asparagus imports totaled $less than X in 2021. Over the period under review, imports saw prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports remained at a lower figure.

Imports by Country

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

From 2012 to 2014, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X value terms, the Netherlands ($X) and the United States ($X) constituted the largest asparagus suppliers to Saudi Arabia.

The Netherlands, with a CAGR of +X%, recorded 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. Overall, the import price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne, and then shrank significantly in the following year.

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 United States totaled $X per tonne.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by the Netherlands (-X%).

Source: IndexBox Platform