Report Singapore - Asparagus - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: May 19, 2022

Singapore - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: Asparagus Market 2022

Asparagus Market Size in Singapore

The Singaporean asparagus market reduced dramatically to $X in 2021, waning 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, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Asparagus consumption peaked at $X in 2020, and then contracted sharply in the following year.

Asparagus Exports

Exports from Singapore

After two years of decline, shipments abroad of asparagus increased by X% to X tonnes in 2021. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tonnes in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, asparagus exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tonnes) was the main destination for asparagus exports from Singapore, with a X% share of total exports. Moreover, asparagus exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X tonnes), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and India (+X% per year).

In value terms, Malaysia ($X) remains the key foreign market for asparagus exports from Singapore, comprising X% of total exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and India (+X% per year).

Export Prices by Country

In 2021, the average asparagus export price amounted to $X per tonne, shrinking by -X% against the previous year. In general, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% year-to-year. Over the period under review, the average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Malaysia ($X per tonne), while the average price for exports to Cambodia ($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 India (+X%), while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into Singapore

In 2021, the amount of asparagus imported into Singapore contracted markedly to X tonnes, waning by -X% compared with 2020. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tonnes in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, asparagus imports plummeted to $X in 2021. Overall, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. Imports peaked at $X in 2020, and then fell notably in the following year.

Imports by Country

The United States (X tonnes), Thailand (X tonnes) and Australia (X tonnes) were the main suppliers of asparagus imports to Singapore, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (+X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest asparagus suppliers to Singapore were the United States ($X), Thailand ($X) and Australia ($X), together accounting for X% of total imports.

Thailand, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average asparagus import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price recorded a mild decrease. The growth pace was the most rapid in 2020 an increase of X% y-o-y. As a result, import price reached the peak level of $X per tonne, and then contracted notably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Peru ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?
+
China constituted the country with the largest volume of asparagus consumption, accounting for 87% of total volume. Moreover, asparagus consumption in China exceeded the figures recorded by the second-largest consumer, the United States, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.7% share.
What are the largest producers of asparagus in the world?
+
China remains the largest asparagus producing country worldwide, accounting for 87% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru, more than tenfold.
What are the leading suppliers of asparagus to Singapore?
+
In value terms, the United States, Thailand and Australia constituted the largest asparagus suppliers to Singapore, with a combined 79% share of total imports.
What are the leading importers of asparagus from Singapore?
+
In value terms, Malaysia remains the key foreign market for asparagus exports from Singapore, comprising 96% of total exports. The second position in the ranking was occupied by Cambodia, with a 1.4% share of total exports.
What is the average export price for asparagus in Singapore?
+
In 2021, the average asparagus export price amounted to $6,938 per tonne, shrinking by -3.6% against the previous year.
What is the average import price for asparagus in Singapore?
+
In 2021, the average asparagus import price amounted to $3,958 per tonne, declining by -29.8% against the previous year.

This report provides an in-depth analysis of the asparagus market in Singapore. 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.


Product coverage:
• FCL 367 - Asparagus
Country coverage:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007–2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2021
Figure 5:
Trade Balance, In Physical Terms, 2007–2021
Figure 6:
Trade Balance, In Value Terms, 2007–2021
Figure 7:
Per Capita Consumption, 2007–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2021
Figure 22:
Production, In Value Terms, 2007–2021
Figure 23:
Area Harvested, 2007–2021
Figure 24:
Yield, 2007–2021
Figure 25:
Imports, In Physical Terms, 2007–2021
Figure 26:
Imports, In Value Terms, 2007–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2007–2021
Figure 29:
Imports, In Value Terms, By Country, 2007–2021
Figure 30:
Import Prices, By Country Of Origin, 2007–2021
Figure 31:
Exports, In Physical Terms, 2007–2021
Figure 32:
Exports, In Value Terms, 2007–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2007–2021
Figure 35:
Exports, In Value Terms, By Country, 2007–2021
Figure 36:
Export Prices, By Country Of Destination, 2007–2021
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