Canada: Asparagus Market 2024

Asparagus Market Size in Canada

The Canadian asparagus market fell to $X in 2022, with a decrease of -10.1% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by 6.2% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Asparagus Production in Canada

In value terms, asparagus production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 26%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The average yield of asparagus in Canada fell to X tons per ha in 2022, which is down by -4% compared with the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by 16% against the previous year. Over the period under review, the average asparagus yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield stood 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.

In 2022, approx. X ha of asparagus were harvested in Canada; which is down by -2.7% against 2021 figures. The harvested area increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the harvested area increased by 7.3%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2022, the growth of the asparagus harvested area remained at a somewhat lower figure.

Asparagus Exports

Exports from Canada

In 2022, approx. X tons of asparagus were exported from Canada; with an increase of 6.8% on the year before. In general, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, asparagus exports totaled $X in 2022. Over the period under review, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for asparagus exports from Canada, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.9%.

In value terms, the United States ($X) also remains the key foreign market for asparagus exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.1%.

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, shrinking by -5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.8% per year.

Asparagus Imports

Imports into Canada

After two years of growth, purchases abroad of asparagus decreased by -20.4% to X tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 27% against the previous year. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, asparagus imports fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 8.8% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of asparagus to Canada, accounting for a 76% share of total imports. Moreover, asparagus imports from Mexico 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 Mexico stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-5.6% per year) and the United States (-10.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of asparagus to Canada, comprising 72% of total imports. The second position in the ranking was taken by Peru ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-5.8% per year) and the United States (-10.3% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($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 States (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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