Asia-Pacific: Asparagus Market 2025

Asparagus Market Size in Asia-Pacific

The Asia-Pacific asparagus market was estimated at $X in 2022, leveling off at the previous year. In general, consumption recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Asparagus Production in Asia-Pacific

In value terms, asparagus production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when the production volume increased by 102% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

China (X tons) remains the largest asparagus producing country in Asia-Pacific, accounting for 99% of total volume.

In China, asparagus production remained relatively stable over the period from 2012-2022.

The average asparagus yield was estimated at X tons per ha in 2022, remaining stable against 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 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 failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of asparagus were harvested in Asia-Pacific; flattening at 2021. Over the period under review, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 4.1%. The level of harvested area peaked at X ha in 2021, and then fell slightly in the following year.

Asparagus Exports

Exports in Asia-Pacific

In 2022, shipments abroad of asparagus decreased by -28% to X tons, falling for the sixth consecutive year after three years of growth. In general, exports faced a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 13%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, asparagus exports declined to $X in 2022. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 6.5% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) and Thailand (X tons) dominates exports structure, together generating 89% of total exports. It was distantly followed by China (X tons), generating a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -0.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Australia ($X), Thailand ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

In terms of the main exporting countries, Australia, with a CAGR of -7.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, jumping by 35% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per ton), while China ($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 mixed trends in the export price figures.

Asparagus Imports

Imports in Asia-Pacific

Asparagus imports reduced to X tons in 2022, which is down by -13% compared with the year before. Overall, imports saw a pronounced slump. The pace of growth was the most pronounced in 2014 when imports increased by 18%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asparagus imports reduced to $X in 2022. Over the period under review, imports showed a pronounced slump. The growth pace was the most rapid in 2016 when imports increased by 15%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the main importer of asparagus in Asia-Pacific, with the volume of imports amounting to X tons, which was near 41% of total imports in 2022. It was distantly followed by Australia (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Singapore (X tons), Malaysia (X tons) and South Korea (X tons), together generating a 55% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to asparagus imports into Japan stood at -7.4%. At the same time, South Korea (+12.7%) and Malaysia (+2.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +12.7% from 2012-2022. Hong Kong SAR and Singapore experienced a relatively flat trend pattern. By contrast, Australia (-4.0%) and Taiwan (Chinese) (-4.9%) illustrated a downward trend over the same period. South Korea (+4.6 p.p.), Hong Kong SAR (+3.3 p.p.), Malaysia (+3.1 p.p.) and Singapore (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -15.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported asparagus in Asia-Pacific, comprising 44% of total imports. The second position in the ranking was taken by Australia ($X), with a 21% share of total imports. It was followed by Singapore, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -8.2%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+2.7% per year) and Singapore (+2.0% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, surging by 1.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 7.5%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Australia (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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