Italy: Asparagus Market 2024

Asparagus Market Size in Italy

The Italian asparagus market expanded markedly to $X in 2022, surging by 5.1% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Asparagus Production in Italy

In value terms, asparagus production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average asparagus yield in Italy expanded to X tons per ha, increasing by 1.8% compared with 2021 figures. Over the period under review, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by 2.9%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average asparagus yield failed to regain momentum. 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 Italy; stabilizing at the previous year's figure. The harvested area increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 14% against the previous year. The asparagus harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

Asparagus Exports

Exports from Italy

In 2022, overseas shipments of asparagus decreased by -35.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 41%. The exports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, asparagus exports reduced sharply to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Germany (X tons) was the main destination for asparagus exports from Italy, accounting for a 41% share of total exports. Moreover, asparagus exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.8% per year) and Switzerland (+13.0% per year).

In value terms, Germany ($X), Switzerland ($X) and Austria ($X) were the largest markets for asparagus exported from Italy worldwide, with a combined 75% share of total exports. France, Sweden, Denmark, Slovenia, Norway, Poland, the Netherlands and the UK lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Poland, with a CAGR of +43.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, shrinking by -6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Poland ($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 Sweden (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Italy

Asparagus imports into Italy declined dramatically to X tons in 2022, waning by -26.4% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, asparagus imports declined sharply to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 86%. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest asparagus supplier to Italy, accounting for a 54% share of total imports. Moreover, asparagus imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and the Netherlands (-3.4% per year).

In value terms, Spain ($X) constituted the largest supplier of asparagus to Italy, comprising 57% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.4% per year) and the Netherlands (-0.8% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 an increase of 23%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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