Asia: Preserved Asparagus Market 2025

Preserved Asparagus Market Size in Asia

The Asian preserved asparagus market stood at $X in 2022, rising by 5.3% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Preserved Asparagus Production in Asia

In value terms, preserved asparagus production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Preserved Asparagus Exports

Exports in Asia

In 2022, exports of preserved asparagus in Asia contracted to X tons, declining by -8.7% against the previous year. In general, exports continue to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved asparagus exports rose slightly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 26%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), together amounting to 100% of total export.

China was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of -2.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest preserved asparagus supplier in Asia.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2013 an increase of 21%. The level of export peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.1% per year.

Preserved Asparagus Imports

Imports in Asia

For the fifth year in a row, Asia recorded decline in purchases abroad of preserved asparagus, which decreased by -13.1% to X tons in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 11%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved asparagus imports contracted to $X in 2022. Overall, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 6.4% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) was the main importer of preserved asparagus, making up 38% of total imports. It was distantly followed by Indonesia (X tons), the Philippines (X tons), Thailand (X tons) and the United Arab Emirates (X tons), together comprising a 41% share of total imports. Israel (X tons), Saudi Arabia (X tons), Singapore (X tons) and Turkey (X tons) held a minor share of total imports.

Imports into Japan decreased at an average annual rate of -9.1% from 2012 to 2022. The United Arab Emirates and Saudi Arabia experienced a relatively flat trend pattern. Thailand (-2.8%), Israel (-3.2%), the Philippines (-3.3%), Singapore (-7.3%), Turkey (-11.9%) and Indonesia (-12.6%) illustrated a downward trend over the same period. While the share of Thailand (+4.9 p.p.), the Philippines (+4.7 p.p.), the United Arab Emirates (+3.6 p.p.), Saudi Arabia (+2 p.p.) and Israel (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported preserved asparagus in Asia, comprising 60% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.7% share of total imports. It was followed by Indonesia, with a 6% share.

In Japan, preserved asparagus imports declined by an average annual rate of -6.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.5% per year) and Indonesia (-9.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 an increase of 15%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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