India: Asparagus Market 2025

Asparagus Market Size in India

The Indian asparagus market soared to $X in 2022, growing by 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a resilient increase. Asparagus consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Asparagus Exports

Exports from India

In 2022, approx. X tons of asparagus were exported from India; falling by -63% against the previous year's figure. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 10,632% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, asparagus exports surged to $X in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 18,307% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for asparagus exports from India, accounting for a 88% share of total exports. Moreover, asparagus exports to the United Arab Emirates exceeded the volume sent to the second major destination, Maldives (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at +67.1%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for asparagus exports from India, comprising 95% of total exports. The second position in the ranking was held by Maldives ($X), with a 4.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +56.7%.

Export Prices by Country

In 2022, the average asparagus export price amounted to $X per ton, surging by 450% against the previous year. Overall, the export price showed strong growth. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Asparagus Imports

Imports into India

Asparagus imports into India skyrocketed to X tons in 2022, picking up by 49% on the year before. Over the period under review, imports enjoyed a perceptible increase. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, asparagus imports skyrocketed to $X in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 119%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons) was the main asparagus supplier to India, with a 92% share of total imports. Moreover, asparagus imports from Thailand exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (0.0% per year) and Peru (0.0% per year).

In value terms, Thailand ($X) constituted the largest supplier of asparagus to India, comprising 97% of total imports. The second position in the ranking was held by Peru ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (0.0% per year) and Bangladesh (0.0% per year).

Import Prices by Country

The average asparagus import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2019 an increase of 89% against the previous year. The import price peaked at $X per ton in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Bangladesh ($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 (+23.6%).

Source: IndexBox Platform

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