Southern Asia: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in Southern Asia

The South Asian preserved asparagus market rose modestly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Preserved Asparagus Production in Southern Asia

In value terms, preserved asparagus production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Preserved Asparagus Exports

Exports in Southern Asia

In 2022, preserved asparagus exports in Southern Asia soared to X tons, picking up by X% against the year before. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, preserved asparagus exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, India (X tons) was the main exporter of preserved asparagus in Southern Asia, comprising X% of total export.

India was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of X% from 2012 to 2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest preserved asparagus supplier in Southern Asia.

In India, preserved asparagus exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a noticeable expansion. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Preserved Asparagus Imports

Imports in Southern Asia

In 2022, purchases abroad of preserved asparagus was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved asparagus imports shrank markedly to $X in 2022. Overall, imports, however, continue to indicate a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Sri Lanka (X tons) and Maldives (X tons) represented roughly X% of total imports in 2022. It was distantly followed by India (X tons), Nepal (X tons) and Pakistan (X tons), together achieving a X% share of total imports. The following importers - Bangladesh (X kg) and Afghanistan (X kg) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nepal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Maldives ($X), Sri Lanka ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Nepal, Afghanistan, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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