United Arab Emirates: Asparagus Market Overview 2021

Asparagus Market Size in the United Arab Emirates

The asparagus market in the United Arab Emirates dropped notably to $X in 2020, which is down 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). Overall, consumption, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2019, and then fell significantly in the following year.

Asparagus Exports

Exports from the United Arab Emirates

In 2020, shipments abroad of asparagus decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. In general, exports faced a deep downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, asparagus exports contracted to $X in 2020. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

Uganda (X tonnes) and Sri Lanka (X tonnes) were the main destinations of asparagus exports from the United Arab Emirates.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (+X% per year).

In value terms, Sri Lanka ($X) remains the key foreign market for asparagus exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Uganda ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Sri Lanka amounted to +X%.

Export Prices by Country

In 2020, the average asparagus export price amounted to $X per tonne, increasing by X% against the previous year. Overall, export price indicated a slight expansion from 2007 to 2020: its price 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, asparagus export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2012 an increase of X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Sri Lanka ($X per tonne), while the average price for exports to Uganda totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Uganda.

Asparagus Imports

Imports into the United Arab Emirates

In 2020, approx. X tonnes of asparagus were imported into the United Arab Emirates; which is down by -X% on 2019 figures. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, asparagus imports reduced notably to $X in 2020. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest asparagus supplier to the United Arab Emirates, with a X% share of total imports. Moreover, asparagus imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. The third position in this ranking was occupied by Thailand (X tonnes), with a X% share.

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

In value terms, the Netherlands ($X) constituted the largest supplier of asparagus to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

The average asparagus import price stood at $X per tonne in 2020, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Netherlands ($X per tonne), while the price for South Africa ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asparagus in the world?

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China (8.5M tonnes) constituted the country with the largest volume of asparagus consumption, accounting for 88% of total volume. It was followed by the U.S. (261K tonnes), with a 2.7% share of total consumption. The third position in this ranking was occupied by Peru (246K tonnes), with a 2.5% share.

What are the largest producers of asparagus in the world?

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China (8.5M tonnes) remains the largest asparagus producing country worldwide, accounting for 88% of total volume. Moreover, asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (375K tonnes), more than tenfold.

What are the leading suppliers of asparagus to the United Arab Emirates?

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In value terms, the Netherlands ($1.9M) constituted the largest supplier of asparagus to the United Arab Emirates, comprising 76% of total imports. The second position in the ranking was occupied by the U.S. ($289K), with a 11% share of total imports. It was followed by Spain, with a 7.1% share.

What are the leading importers of asparagus from the United Arab Emirates?

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In value terms, Sri Lanka ($29K) remains the key foreign market for asparagus exports from the United Arab Emirates, comprising 93% of total exports. The second position in the ranking was occupied by Uganda ($2.2K), with a 7% share of total exports.

What is the average export price for asparagus in the United Arab Emirates?

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The average asparagus export price stood at $9,315 per tonne in 2020, picking up by 1.7% against the previous year.

What is the average import price for asparagus in the United Arab Emirates?

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In 2020, the average asparagus import price amounted to $6,754 per tonne, jumping by 37% against the previous year.