
Saudi Arabia - Preserved Asparagus - Market Analysis, Forecast, Size, Trends and Insights
Saudi Arabia: Preserved Asparagus Market 2023
Preserved Asparagus Market Size in Saudi Arabia
The Saudi preserved asparagus market fell markedly to $X in 2021, waning by -17.6% against the previous year. Over the period under review, consumption showed a perceptible decline. Preserved asparagus consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Preserved Asparagus Production in Saudi Arabia
In value terms, preserved asparagus production dropped sharply to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 59%. Preserved asparagus production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.
Preserved Asparagus Exports
Exports from Saudi Arabia
In 2021, shipments abroad of preserved asparagus increased by 303% to X kg, rising for the sixth year in a row after three years of decline. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved asparagus exports skyrocketed to $X in 2021. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Sudan (X kg) was the main destination for preserved asparagus exports from Saudi Arabia, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Sudan totaled +37.1%.
In value terms, Sudan ($X) also remains the key foreign market for preserved asparagus exports from Saudi Arabia.
From 2012 to 2021, the average annual growth rate of value to Sudan amounted to +28.7%.
Export Prices by Country
The average preserved asparagus export price stood at $X per ton in 2021, shrinking by -25.3% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Sudan.
From 2012 to 2021, the rate of growth in terms of prices for Sudan amounted to -6.0% per year.
Preserved Asparagus Imports
Imports into Saudi Arabia
In 2021, purchases abroad of preserved asparagus increased by 2.1% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 123% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.
In value terms, preserved asparagus imports surged to $X in 2021. Overall, imports recorded measured growth. The pace of growth appeared the most rapid in 2020 when imports increased by 125%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Spain (X tons) was the main preserved asparagus supplier to Saudi Arabia, with a 97% share of total imports. It was followed by China (X kg), with a 1.6% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest.
In value terms, Spain ($X) constituted the largest supplier of preserved asparagus to Saudi Arabia, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 2% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +3.4%.
Import Prices by Country
The average preserved asparagus import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved asparagus import price decreased by -14.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 73%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Spain amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-4.7%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the preserved asparagus market in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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