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U.S. - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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U.S.: Asparagus Market Overview 2020

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Asparagus Market Size in the U.S.

The revenue of the asparagus market in the U.S. amounted to $X in 2018, dropping by -X% against the previous year. Overall, the total market indicated a notable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus consumption increased by +X% against 2008 indices. The pace of growth appeared the most rapid in 2009 with an increase of X% y-o-y. Asparagus consumption peaked at $X in 2017, and then declined slightly in the following year.

Asparagus Production in the U.S.

In value terms, asparagus production totaled $X in 2018. Overall, asparagus production continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, asparagus production attained its peak figure level at $X in 2007; however, from 2008 to 2018, production remained at a lower figure.

Average yield of asparagus in the U.S. totaled X tonne per ha in 2018, coming down by -X% against the previous year. In general, the asparagus yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the average asparagus yield attained its maximum level at X tonne per ha in 2013; however, from 2014 to 2018, yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of asparagus in the U.S. totaled X ha, declining by -X% against the previous year. Overall, the asparagus harvested area continues to indicate a deep downturn. The growth pace was the most rapid in 2011 when harvested area decreased by -X% year-to-year. Over the period under review, the harvested area dedicated to asparagus production attained its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area stood at a somewhat lower figure.

Asparagus Exports

Exports from the U.S.

Asparagus exports from the U.S. totaled X tonnes in 2018, growing by X% against the previous year. Over the period under review, the total exports indicated a strong expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, asparagus exports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, asparagus exports amounted to $X in 2018. Over the period under review, the total exports indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, asparagus exports attained their peak figure in 2018 and are likely to see steady growth in the near future.

Exports by Country

Canada (X tonnes) was the main destination for asparagus exports from the U.S., with a X% share of total exports. Moreover, asparagus exports to Canada exceeded the volume sent to the second major destination, Japan (X tonnes), twofold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and the Netherlands (+X% per year).

In value terms, Canada ($X) remains the key foreign market for asparagus exports from the U.S., comprising X% of total asparagus exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2018, the average asparagus export price amounted to $X per tonne, coming down by -X% against the previous year. In general, the asparagus export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by X% y-o-y. In that year, the average export prices for asparagus reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average export prices for asparagus remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2018, the highest prices were recorded for prices to Canada ($X per tonne) and Switzerland ($X per tonne), while the average price for exports to Japan ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Canada, while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into the U.S.

In 2018, the amount of asparagus imported into the U.S. amounted to X tonnes, growing by X% against the previous year. Overall, the total imports indicated a buoyant increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, asparagus imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, asparagus imports reached their maximum in 2018 and are likely to continue its growth in the immediate term.

In value terms, asparagus imports totaled $X in 2018. Overall, asparagus imports continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

Mexico (X tonnes) and Peru (X tonnes) were the main suppliers of asparagus imports to the U.S., with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Mexico.

In value terms, Mexico ($X) and Peru ($X) were the largest asparagus suppliers to the U.S., together comprising X% of total imports.

Mexico experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven-year period.

Import Prices by Country

In 2018, the average asparagus import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the asparagus import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2018, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2018, the country with the highest price was Peru ($X per tonne), while the price for Mexico amounted to $X per tonne.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico.

Source: IndexBox AI Platform

Product coverage:
• FCL 367 - Asparagus

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


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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:
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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