Brazil: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in Brazil

The Brazilian preserved asparagus market rose significantly to $X in 2022, growing by 5.1% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Preserved Asparagus Production in Brazil

In value terms, preserved asparagus production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.0% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 67%. Preserved asparagus production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Asparagus Exports

Exports from Brazil

After two years of decline, overseas shipments of preserved asparagus increased by 6.2% to X kg in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 4,384%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved asparagus exports soared to $X in 2022. In general, exports, however, continue to indicate a pronounced reduction. The growth pace was the most rapid in 2019 when exports increased by 2,093% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X kg), Bahamas (X kg) and Paraguay (X kg) were the main destinations of preserved asparagus exports from Brazil, with a combined 48% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +149.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved asparagus exported from Brazil were the United States ($X), Bahamas ($X) and Norway ($X), with a combined 55% share of total exports. Paraguay, Singapore, Denmark, Liberia, Thailand and Marshall Islands lagged somewhat behind, together accounting for a further 34%.

Denmark, with a CAGR of +180.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved asparagus export price stood at $X per ton in 2022, rising by 72% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 102%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+104.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Asparagus Imports

Imports into Brazil

In 2022, overseas purchases of preserved asparagus were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a deep downturn. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, preserved asparagus imports amounted to $X in 2022. In general, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 20% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of preserved asparagus to Brazil, with a 78% share of total imports. Moreover, preserved asparagus imports from China exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -9.3%.

In value terms, the largest preserved asparagus suppliers to Brazil were China ($X) and Peru ($X).

Among the main suppliers, China, with a CAGR of -8.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average preserved asparagus import price amounted to $X per ton, shrinking by -14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+2.9%).

Source: IndexBox Platform

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