Southern Asia: Preserved Asparagus Market 2025

Preserved Asparagus Market Size in Southern Asia

The South Asian preserved asparagus market expanded modestly to $X in 2022, growing by 2% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Asparagus Production in Southern Asia

In value terms, preserved asparagus production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when the production volume increased by 16%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Asparagus Exports

Exports in Southern Asia

In 2022, the amount of preserved asparagus exported in Southern Asia fell significantly to X kg, with a decrease of -97.1% on the previous year. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 19,418% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved asparagus exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2019 when exports increased by 11,045%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of preserved asparagus, namely Sri Lanka, represented more than two-thirds of total export.

Sri Lanka was also the fastest-growing in terms of the preserved asparagus exports, with a CAGR of -7.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X) also remains the largest preserved asparagus supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in Sri Lanka amounted to -2.6%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 387% against the previous year. Overall, the export price continues to indicate buoyant growth. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +5.8% per year.

Preserved Asparagus Imports

Imports in Southern Asia

In 2022, imports of preserved asparagus in Southern Asia dropped rapidly to X tons, shrinking by -29.1% against 2021. Overall, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of 177%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved asparagus imports shrank significantly to $X in 2022. Over the period under review, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2014 with an increase of 81%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sri Lanka (X tons) was the key importer of preserved asparagus, making up 41% of total imports. Maldives (X tons) ranks second in terms of the total imports with an 18% share, followed by India (16%), Nepal (10%), Afghanistan (5.9%), Pakistan (4.6%) and Bangladesh (4.5%).

From 2012 to 2022, average annual rates of growth with regard to preserved asparagus imports into Sri Lanka stood at -2.6%. At the same time, Nepal (+13.5%), India (+5.9%) and Bangladesh (+3.5%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.5% from 2012-2022. By contrast, Afghanistan (-2.8%), Pakistan (-5.9%) and Maldives (-11.8%) illustrated a downward trend over the same period. While the share of India (+9.8 p.p.), Nepal (+8.3 p.p.), Sri Lanka (+4.6 p.p.) and Bangladesh (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Maldives (-24.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sri Lanka ($X), India ($X) and Maldives ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 72% of total imports. Nepal, Afghanistan, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further 28%.

In terms of the main importing countries, Nepal, with a CAGR of +15.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, waning by -25.2% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the import price increased by 47%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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