World - Preserved Asparagus - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the global preserved asparagus market, predicting an upward consumption trend over the next eight years. The market is expected to see a slight increase in volume and value, with a forecasted CAGR of +0.1% and +2.4% respectively. The article highlights consumption trends, production statistics, import and export data, and growth forecasts for the period of 2022-2030. Countries such as Spain, China, and Germany lead in consumption and production, while countries like Nigeria show significant growth rates. Import and export trends, as well as average prices, are also analyzed in the article.
Market Forecast
Driven by rising demand for preserved asparagus worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.1% for the period from 2022 to 2030, which is projected to bring the market volume to 185K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $671M (in nominal prices) by the end of 2030.
Consumption
World Consumption of Preserved Asparagus
Global preserved asparagus consumption expanded rapidly to 184K tons in 2022, surging by 9.4% on the year before. Over the period under review, consumption, however, continues to indicate a mild decrease. Over the period under review, global consumption attained the peak volume at 203K tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global preserved asparagus market revenue rose markedly to $555M in 2022, surging by 9.3% 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, saw a relatively flat trend pattern. Global consumption peaked at $641M in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Spain (30K tons), China (27K tons) and Germany (15K tons), with a combined 39% share of global consumption. France, the United States, India, Nigeria, Denmark, Japan, Pakistan, the Netherlands and Russia lagged somewhat behind, together accounting for a further 29%.
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +10.0%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest preserved asparagus markets worldwide were Spain ($102M), China ($67M) and France ($53M), with a combined 40% share of the global market. Germany, Japan, the United States, India, Russia, the Netherlands, Denmark and Pakistan lagged somewhat behind, together accounting for a further 28%.
Among the main consuming countries, the Netherlands, with a CAGR of +8.1%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of preserved asparagus per capita consumption in 2022 were Denmark (742 kg per 1000 persons), Spain (643 kg per 1000 persons) and France (198 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +7.5%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Preserved Asparagus
In 2022, approx. 176K tons of preserved asparagus were produced worldwide; approximately mirroring the previous year. Over the period under review, production, however, showed a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of 5.2% against the previous year. Global production peaked at 199K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.
In value terms, preserved asparagus production stood at $533M in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.2%. As a result, production reached the peak level of $642M. From 2015 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
The country with the largest volume of preserved asparagus production was China (69K tons), comprising approx. 39% of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Peru (34K tons), twofold. India (6.7K tons) ranked third in terms of total production with a 3.8% share.
In China, preserved asparagus production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Peru (-4.7% per year) and India (+1.6% per year).
Imports
World Imports of Preserved Asparagus
In 2022, global imports of preserved asparagus amounted to 96K tons, picking up by 9.9% against the previous year's figure. In general, imports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. Over the period under review, global imports hit record highs at 126K tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, preserved asparagus imports soared to $315M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, global imports attained the maximum at $380M in 2014; however, from 2015 to 2022, imports failed to regain momentum.
Imports By Country
In 2022, Spain (29K tons), distantly followed by Germany (17K tons), France (14K tons), the Netherlands (7.7K tons), the United States (7.2K tons), Denmark (4.4K tons) and Nigeria (4.4K tons) represented the major importers of preserved asparagus, together constituting 87% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nigeria (with a CAGR of +105.6%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest preserved asparagus importing markets worldwide were Spain ($103M), France ($56M) and Germany ($50M), together accounting for 66% of global imports. The Netherlands, the United States, Denmark and Nigeria lagged somewhat behind, together comprising a further 20%.
Nigeria, with a CAGR of +91.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average preserved asparagus import price stood at $3,282 per ton in 2022, rising by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 an increase of 14% against the previous year. Global import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($4,077 per ton), while Nigeria ($1,356 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.6%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Preserved Asparagus
In 2022, shipments abroad of preserved asparagus decreased by -5.8% to 88K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 8.9% against the previous year. The global exports peaked at 122K tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.
In value terms, preserved asparagus exports amounted to $287M in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 12%. The global exports peaked at $380M in 2014; however, from 2015 to 2022, the exports failed to regain momentum.
Exports By Country
China (42K tons) and Peru (31K tons) dominates exports structure, together constituting 83% of total exports. It was distantly followed by the Netherlands (5.1K tons) and Spain (4.1K tons), together committing a 10% share of total exports. Germany (2.4K tons) held a minor share of total exports.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of -0.0%), while shipments for the other global leaders experienced a decline in the exports figures.
In value terms, the largest preserved asparagus supplying countries worldwide were China ($133M), Peru ($101M) and the Netherlands ($20M), together comprising 88% of global exports. Spain and Germany lagged somewhat behind, together comprising a further 7.9%.
Spain, with a CAGR of +3.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average preserved asparagus export price amounted to $3,280 per ton, rising by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs at $3,366 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($4,171 per ton), while Germany ($2,406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global preserved asparagus market. 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.
Product coverage:
- Prodcom 10391760 - Preserved asparagus (excluding prepared vegetable dishes and asparagus dried, frozen or preserved by vinegar or acetic acid)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
In 2020, global preserved sweet corn exports rose by +4.1% y-o-y to $1B. Thailand, Hungary and France head the list of the largest exporters worldwide. The average export price for preserved sweet corn remained relatively unchanged in 2020. Germany, the UK, Japan were the prime destinations for imported preserved sweet corn last year.
Hungary dominates in the global trade of prepared sweet corn. In 2014, Hungary exported X thousand tons of prepared sweet corn totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of it