Portugal: Asparagus Market 2025

Asparagus Market Size in Portugal

The Portuguese asparagus market skyrocketed to $X in 2022, growing by 44% against the previous year. Over the period under review, consumption enjoyed strong growth. Asparagus consumption peaked in 2022 and is expected to retain growth in years to come.

Asparagus Production in Portugal

In value terms, asparagus production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 299% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

In 2022, the average yield of asparagus in Portugal skyrocketed to X tons per ha, picking up by 176% compared with 2021 figures. In general, the yield, however, showed a abrupt descent. Over the period under review, the average asparagus yield attained the peak level 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 Portugal; reducing by -50% against the year before. Over the period under review, the harvested area, however, showed a significant expansion. The asparagus harvested area peaked at X ha in 2021, and then plummeted in the following year.

Asparagus Exports

Exports from Portugal

Asparagus exports from Portugal reduced rapidly to X tons in 2022, with a decrease of -96.2% against the year before. Overall, exports, however, continue to indicate a tangible increase. The growth pace was the most rapid in 2015 with an increase of 226% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, asparagus exports reduced dramatically to $X in 2022. In general, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 235%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Spain (X tons) was the main destination for asparagus exports from Portugal, with a 51% share of total exports. Moreover, asparagus exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was held by Cabo Verde (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.5% per year) and Cabo Verde (+30.4% per year).

In value terms, Spain ($X), the Netherlands ($X) and Denmark ($X) constituted the largest markets for asparagus exported from Portugal worldwide, with a combined 35% share of total exports. Cabo Verde, Angola and Germany lagged somewhat behind, together accounting for a further 11%.

In terms of the main countries of destination, Germany, with a CAGR of +131.1%, saw the highest growth rate of 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

In 2022, the average asparagus export price amounted to $X per ton, increasing by 100% against the previous year. Over the period under review, the export price enjoyed a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Spain (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Portugal

In 2022, overseas purchases of asparagus increased by 7.4% to X tons, rising for the third year in a row after two years of decline. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, asparagus imports shrank markedly to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of asparagus to Portugal, accounting for a 89% share of total imports. Moreover, asparagus imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+33.7% per year) and Belgium (+60.2% per year).

In value terms, Spain ($X) constituted the largest supplier of asparagus to Portugal, comprising 79% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+43.7% per year) and Belgium (+53.6% per year).

Import Prices by Country

In 2022, the average asparagus import price amounted to $X per ton, dropping by -22.6% against the previous year. In general, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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