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Singapore - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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Singapore: Preserved Asparagus Market Overview 2021

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Preserved Asparagus Market Size in Singapore

In 2020, the Singaporean preserved asparagus market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Preserved Asparagus Production in Singapore

In value terms, preserved asparagus production dropped to $X in 2020 estimated in export prices. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2012 when the production volume increased by X% year-to-year. Preserved asparagus production peaked at $X in 2019, and then contracted in the following year.

Preserved Asparagus Exports

Exports from Singapore

In 2020, preserved asparagus exports from Singapore declined markedly to X tonnes, shrinking by -X% against 2019 figures. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, preserved asparagus exports declined remarkably to $X in 2020. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

Exports by Country

Sri Lanka (X tonnes), Indonesia (X tonnes) and South Korea (X tonnes) were the main destinations of preserved asparagus exports from Singapore, together comprising X% of total exports. Maldives, Malaysia, Brunei Darussalam and Hong Kong SAR lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR, while exports for the other leaders experienced mixed trend patterns.

In value terms, Sri Lanka ($X), Indonesia ($X) and South Korea ($X) were the largest markets for preserved asparagus exported from Singapore worldwide, together accounting for X% of total exports. These countries were followed by Maldives, Malaysia, Brunei Darussalam and Hong Kong SAR, which together accounted for a further X Kong SAR saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average preserved asparagus export price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, preserved asparagus export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne, and then shrank in the following year.

Average prices varied noticeably for the major export markets. In 2020, the highest prices were recorded for prices to Brunei Darussalam ($X per tonne) and Hong Kong SAR ($X per tonne), while the average price for exports to Maldives ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Asparagus Imports

Imports into Singapore

In 2020, supplies from abroad of preserved asparagus decreased by -X% to X tonnes, falling for the third year in a row after four years of growth. Overall, imports showed a abrupt slump. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of X tonnes. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, preserved asparagus imports shrank significantly to $X in 2020. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest preserved asparagus supplier to Singapore, with a X% share of total imports. Moreover, preserved asparagus imports from China exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fivefold. The third position in this ranking was occupied by France (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (-X% per year) and France (-X% per year).

In value terms, China ($X) constituted the largest supplier of preserved asparagus to Singapore, comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

The average preserved asparagus import price stood at $X per tonne in 2020, surging by X% against the previous year. In general, the import price continues to indicate noticeable growth. The growth pace was the most rapid in 2013 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for preserved asparagus in the world?
+
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 comprising a further 27%.
What are the largest producers of preserved asparagus in the world?
+
China (78K tonnes) remains the largest preserved asparagus producing country worldwide, comprising approx. 36% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (36K tonnes), twofold. The third position in this ranking was occupied by India (11K tonnes), with a 4.9% share.
What are the leading suppliers of preserved asparagus to Singapore?
+
In value terms, China ($23K) constituted the largest supplier of preserved asparagus to Singapore, comprising 49% of total imports. The second position in the ranking was occupied by the UK ($9.8K), with a 21% share of total imports. It was followed by the U.S., with a 9.8% share.
What are the leading importers of preserved asparagus from Singapore?
+
In value terms, the largest markets for preserved asparagus exported from Singapore were Sri Lanka ($17K), Indonesia ($10K) and South Korea ($5K), together comprising 75% of total exports. These countries were followed by Maldives, Malaysia, Brunei Darussalam and Hong Kong SAR, which together accounted for a further 15%.
What is the average export price for preserved asparagus in Singapore?
+
The average preserved asparagus export price stood at $3,233 per tonne in 2020, which is down by -2.3% against the previous year.
What is the average import price for preserved asparagus in Singapore?
+
The average preserved asparagus import price stood at $3,401 per tonne in 2020, growing by 84% against the previous year.

Product coverage:
• Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)

This report provides an in-depth analysis of the preserved 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 2025.


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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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