Greece: Preserved Asparagus Market 2024

Preserved Asparagus Market Size in Greece

The Greek preserved asparagus market rose significantly to $X in 2022, surging by 11% against the previous year. In general, consumption, however, showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Asparagus Production in Greece

In value terms, preserved asparagus production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of 53%. Preserved asparagus production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Preserved Asparagus Exports

Exports from Greece

Preserved asparagus exports from Greece surged to X tons in 2022, jumping by 84% compared with the previous year's figure. Over the period under review, exports, however, recorded a significant decline. The pace of growth was the most pronounced in 2019 with an increase of 3,372%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, preserved asparagus exports soared to $X in 2022. In general, exports, however, continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2019 with an increase of 1,923%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Cyprus (X tons) was the main destination for preserved asparagus exports from Greece, with a 93% share of total exports. Moreover, preserved asparagus exports to Cyprus exceeded the volume sent to the second major destination, Hungary (X kg), more than tenfold.

From 2016 to 2022, the average annual growth rate of volume to Cyprus stood at +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-21.3% per year) and Germany (-83.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for preserved asparagus exports from Greece, comprising 93% of total exports. The second position in the ranking was taken by Hungary ($X), with a 3.3% share of total exports.

From 2016 to 2022, the average annual growth rate of value to Cyprus totaled +73.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-8.2% per year) and Germany (-81.0% per year).

Export Prices by Country

The average preserved asparagus export price stood at $X per ton in 2022, with an increase of 48% against the previous year. In general, the export price continues to indicate resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+16.7%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Asparagus Imports

Imports into Greece

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, showed a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 181%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, preserved asparagus imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 163%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main preserved asparagus supplier to Greece, accounting for a 93% share of total imports. Moreover, preserved asparagus imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.9% per year) and the Netherlands (-48.5% per year).

In value terms, Spain ($X) constituted the largest supplier of preserved asparagus to Greece, comprising 88% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.0% per year) and the Netherlands (-44.9% per year).

Import Prices by Country

The average preserved asparagus import price stood at $X per ton in 2022, leveling off at the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved asparagus import price increased by +35.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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