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

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U.S.: Asparagus Market Overview 2019

Asparagus Market Size in the USA

The revenue of the asparagus market in the U.S. amounted to $X in 2017, going up by X% against the previous year. Overall, the total market indicated a prominent expansion from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the asparagus consumption increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. The asparagus consumption peaked in 2017, and is expected to retain its growth in the near future.

Asparagus Production in the USA

In 2017, approx. X tonnes of asparagus were produced in the U.S.; falling by -X% against the previous year. Overall, asparagus production continues to indicate a measured decrease. The pace of growth was the most pronounced in 2016, when it surged by X% year-to-year. Over the period under review, the asparagus production attained its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum. Asparagus output in the U.S. indicated a moderate slump, which was largely conditioned by a moderate contraction of the harvested area and a temperate growth in yield figures.

Average yield of asparagus in the U.S. amounted to X tonne per ha in 2017, lowering by -X% against the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed over the period under review. The pace of growth appeared the most rapid in 2008, when yield increased by X% year-to-year. The asparagus yield peaked of X tonne per ha in 2016, and then declined slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Asparagus harvested area in the U.S. stood at X ha in 2017, declining by -X% against the previous year. Overall, asparagus harvested area continues to indicate a deep decrease. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the harvested area dedicated to asparagus production reached its maximum of X ha in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Asparagus Exports

Exports from the USA

In 2017, the amount of asparagus exported from the U.S. totaled X tonnes, rising by X% against the previous year. In general, the total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the asparagus exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. The exports peaked of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, asparagus exports stood at $X in 2017. Overall, the total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the asparagus exports increased by +X% against 2015 indices. Over the period under review, the asparagus exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Exports by Country

Canada (X tonnes) was the main destination of 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), threefold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Australia (+X% per year).

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

From 2007 to 2017, the average annual rate of growth in terms of value to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Australia (+X% per year).

Export Prices by Country

In 2017, the average asparagus export price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, asparagus export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when the average export price increased by X% year-to-year. In that year, the average export prices for asparagus attained their peak level of $X per tonne. From 2016 to 2017, growth of the average export prices for asparagus stood at a somewhat lower level.

Average export prices varied somewhat for the major foreign markets. In 2017, the highest prices were recorded for export prices to Canada ($X per tonne) and Australia ($X per tonne), while average price for exports to Japan ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Canada (+X% per year), the export prices for other major destinations experienced a decline.

Asparagus Imports

Imports into the USA

In 2017, imports of asparagus into the U.S. amounted to X tonnes, coming down by -X% against the previous year. Overall, asparagus imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when it surged by X% against the previous year. The imports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, asparagus imports amounted to $X in 2017. Overall, the total imports indicated a remarkable expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the asparagus imports increased by +X% against 2013 indices. Over the period under review, the asparagus imports attained its peak figure level in 2017, and are likely to see steady growth in the near future.

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 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Mexico (+X% per year).

In value terms, Mexico ($X) and Peru ($X) appeared to be the largest asparagus suppliers to the U.S., with a combined X% share of total imports.

Among the main suppliers, Mexico (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade.

Import Prices by Country

In 2017, the average asparagus import price amounted to $X per tonne, growing by X% against the previous year. Overall, asparagus import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017, an increase of X% y-o-y. In that year, the average import prices for asparagus reached their peak level, and is likely to continue its growth in the immediate term.

Average import prices varied noticeably amongst the major supplying countries. In 2017, the country with the highest import price was Peru ($X per tonne), while price for Mexico amounted to $X per tonne.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Mexico (+X% per year).

Source: IndexBox AI Platform

Product coverage:
• FCL 367 - Asparagus

This report provides an in-depth analysis of the asparagus market in the USA. 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:
• 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 USA
• 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 2025
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 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2018
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 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption In 2007–2018
Table 5:
Imports, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Value Terms, By Country, 2007–2018
Table 7:
Import Prices, By Country Of Origin, 2007–2018
Table 8:
Exports, In Physical Terms, By Country, 2007–2018
Table 9:
Exports, In Value Terms, By Country, 2007–2018
Table 10:
Export Prices, By Country Of Destination, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2018
Figure 5:
Trade Balance, In Physical Terms, 2007–2018
Figure 6:
Trade Balance, In Value Terms, 2007–2018
Figure 7:
Per Capita Consumption, 2007–2018
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, 2007–2018
Figure 22:
Production, In Value Terms, 2007–2018
Figure 23:
Area Harvested, 2007–2018
Figure 24:
Yield, 2007–2018
Figure 25:
Imports, In Physical Terms, 2007–2018
Figure 26:
Imports, In Value Terms, 2007–2018
Figure 27:
Imports, In Physical Terms, By Country, 2018
Figure 28:
Imports, In Physical Terms, By Country, 2007–2018
Figure 29:
Imports, In Value Terms, By Country, 2007–2018
Figure 30:
Import Prices, By Country Of Origin, 2007–2018
Figure 31:
Exports, In Physical Terms, 2007–2018
Figure 32:
Exports, In Value Terms, 2007–2018
Figure 33:
Exports, In Physical Terms, By Country, 2018
Figure 34:
Exports, In Physical Terms, By Country, 2007–2018
Figure 35:
Exports, In Value Terms, By Country, 2007–2018
Figure 36:
Export Prices, By Country Of Destination, 2007–2018
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