South-Eastern Asia: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in South-Eastern Asia

The Southeast Asian preserved asparagus market expanded rapidly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, saw a mild decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Preserved Asparagus Production in South-Eastern Asia

In value terms, preserved asparagus production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Preserved Asparagus Exports

Exports in South-Eastern Asia

Preserved asparagus exports skyrocketed to X tons in 2022, growing by X% against the year before. Over the period under review, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, preserved asparagus exports expanded sharply to $X in 2022. Overall, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), creating a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of X% from 2012 to 2022. Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest preserved asparagus supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Asparagus Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of preserved asparagus increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved asparagus imports soared to $X in 2022. Overall, imports, however, saw a perceptible decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia was the largest importer of preserved asparagus in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Malaysia (X%) and Singapore (X%). Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved asparagus imports into Indonesia stood at X%. Thailand (X%), Singapore (X%), the Philippines (X%), Vietnam (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported preserved asparagus in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

In Indonesia, preserved asparagus imports shrank by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, remaining stable against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved asparagus import price decreased by X% against 2016 indices. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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