Saudi Arabia: Preserved Asparagus Market Overview 2021

Preserved Asparagus Market Size in Saudi Arabia

In 2020, the Saudi preserved asparagus market increased by X% to $X, rising for the fifth consecutive year after three years of decline. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Preserved Asparagus Production in Saudi Arabia

In value terms, preserved asparagus production soared to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Preserved Asparagus Exports

Exports from Saudi Arabia

In 2020, overseas shipments of preserved asparagus decreased by -X% to X kg, falling for the third year in a row after three years of growth. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, preserved asparagus exports declined sharply to $X in 2020. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Sudan (X kg) was the main destination for preserved asparagus exports from Saudi Arabia, with a approx. X% share of total exports.

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

In value terms, Sudan ($X) also remains the key foreign market for preserved asparagus exports from Saudi Arabia.

From 2007 to 2020, the average annual rate of growth in terms of value to Sudan stood at -X%.

Export Prices by Country

The average preserved asparagus export price stood at $X per tonne in 2020, jumping by X% against the previous year. Overall, the export price, however, saw a pronounced decrease. The pace of growth was the most pronounced in 2010 an increase of X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Sudan.

From 2007 to 2020, the rate of growth in terms of prices for Sudan amounted to -X% per year.

Preserved Asparagus Imports

Imports into Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in supplies from abroad of preserved asparagus, which decreased by -X% to X kg in 2020. Over the period under review, imports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

In value terms, preserved asparagus imports contracted sharply to $X in 2020. Overall, imports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest supplier of preserved asparagus to Saudi Arabia, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Spain stood at +X%.

In value terms, Spain ($X) constituted the largest supplier of preserved asparagus to Saudi Arabia.

From 2007 to 2019, the average annual growth rate of value from Spain totaled +X%.

Import Prices by Country

In 2019, the average preserved asparagus import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price showed a deep slump. The growth pace was the most rapid in 2016 an increase of X% year-to-year. The import price peaked at $X per tonne in 2007; however, from 2008 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2019, the rate of growth in terms of prices for Spain amounted to -X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?

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The countries with the highest volumes of preserved asparagus consumption in 2020 were Spain (38K tonnes), China (28K tonnes) and Germany (18K tonnes), with a combined 39% share of global consumption. France, India, the U.S., Japan, Brazil, Denmark, Russia, Indonesia and Bangladesh lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of preserved asparagus in the world?

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China (78K tonnes) remains the largest preserved asparagus producing country worldwide, accounting for 36% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. India (11K tonnes) ranked third in terms of total production with a 4.9% share.

What are the leading suppliers of preserved asparagus to Saudi Arabia?

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In value terms, Spain ($46K) constituted the largest supplier of preserved asparagus to Saudi Arabia.

What are the leading importers of preserved asparagus from Saudi Arabia?

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In value terms, Sudan ($313) remains the key foreign market for preserved asparagus exports from Saudi Arabia.

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

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In 2020, the average preserved asparagus export price amounted to $2,492 per tonne, increasing by 86% against the previous year.

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

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In 2019, the average preserved asparagus import price amounted to $1,549 per tonne, declining by -26.3% against the previous year.