Asia: Asparagus Market 2025

Asparagus Market Size in Asia

The Asian asparagus market reached $X in 2022, remaining constant against the previous year. Overall, consumption recorded a perceptible shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Asparagus Production in Asia

In value terms, asparagus production rose to $X in 2022 estimated in export price. In general, production recorded a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 102% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

China (X tons) constituted the country with the largest volume of asparagus production, comprising approx. 99% of total volume.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest.

The average asparagus yield totaled X tons per ha in 2022, stabilizing at the previous year. Overall, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 6.1%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the asparagus yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The asparagus harvested area fell slightly to X ha in 2022, flattening at the previous year. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 4.1%. The level of harvested area peaked at X ha in 2021, and then reduced in the following year.

Asparagus Exports

Exports in Asia

In 2022, exports of asparagus in Asia plummeted to X tons, waning by -41.4% on 2021. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, asparagus exports contracted to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand dominates exports structure, amounting to X tons, which was approx. 74% of total exports in 2022. It was distantly followed by China (X tons), achieving a 9.9% share of total exports. The United Arab Emirates (X tons), Turkey (X tons) and Singapore (X tons) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of -13.6% from 2012 to 2022. At the same time, Turkey (+39.4%), the United Arab Emirates (+10.5%) and Singapore (+2.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +39.4% from 2012-2022. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, the United Arab Emirates and Turkey increased by +7.2, +3.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest asparagus supplier in Asia, comprising 70% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 9.7% share of total exports. It was followed by Singapore, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to -9.9%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+11.0% per year) and Singapore (+5.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, growing by 50% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, asparagus export price increased by +92.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.3%), while the other leaders experienced more modest paces of growth.

Asparagus Imports

Imports in Asia

In 2022, approx. X tons of asparagus were imported in Asia; which is down by -13.2% on the previous year's figure. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2014 when imports increased by 17%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, asparagus imports reduced to $X in 2022. Overall, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 17%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) represented the key importer of asparagus, creating 45% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 12% share, followed by Hong Kong SAR (8.6%), Singapore (8.1%), Malaysia (6.8%), South Korea (6.2%) and the United Arab Emirates (5.5%).

Imports into Japan decreased at an average annual rate of -7.4% from 2012 to 2022. At the same time, South Korea (+12.7%), the United Arab Emirates (+4.4%) and Malaysia (+2.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +12.7% from 2012-2022. Hong Kong SAR and Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Hong Kong SAR, Malaysia, the United Arab Emirates and Singapore increased by +5, +3.3, +3.2, +3.1 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported asparagus in Asia, comprising 49% of total imports. The second position in the ranking was held by Singapore ($X), with a 10% share of total imports. It was followed by South Korea, with a 9.4% share.

In Japan, asparagus imports shrank by an average annual rate of -8.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+2.0% per year) and South Korea (+14.3% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 7.2%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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