U.S.: Asparagus Market 2024

Asparagus Market Size in the U.S.

The U.S. asparagus market declined to $X in 2022, waning by -10.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Asparagus Production in the U.S.

In value terms, asparagus production shrank to $X in 2022. Over the period under review, production, however, saw a slight reduction. The pace of growth was the most pronounced in 2016 with an increase of 12% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of asparagus in the United States fell to X tons per ha, with a decrease of -1.5% compared with 2021 figures. The yield figure increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 13%. Over the period under review, the average asparagus yield hit record highs at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a 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, the harvested area of asparagus in the United States rose slightly to X ha, growing by 2.9% against the year before. Overall, the harvested area, however, saw a pronounced curtailment. The growth pace was the most rapid in 2016 when the harvested area increased by 19%. The asparagus harvested area peaked at X ha in 2017; however, from 2018 to 2022, the harvested area failed to regain momentum.

Asparagus Exports

Exports from the U.S.

In 2022, approx. X tons of asparagus were exported from the United States; falling by -6.7% on the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, asparagus exports reduced to $X in 2022. Over the period under review, exports showed a slight setback. The pace of growth was the most pronounced in 2016 with an increase of 21%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for asparagus exports from the United States, with a 42% share of total exports. Moreover, asparagus exports to Canada exceeded the volume sent to the second major destination, the UK (X tons), threefold. Australia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.3% per year) and Australia (+10.7% per year).

In value terms, Canada ($X) remains the key foreign market for asparagus exports from the United States, comprising 56% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.9% share of total exports. It was followed by the Netherlands, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.4% per year) and the Netherlands (+7.0% per year).

Export Prices by Country

The average asparagus export price stood at $X per ton in 2022, with a decrease of -5.2% against the previous year. Over the period under review, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 6.1%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($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 Canada (-0.6%), while the prices for the other major destinations experienced a decline.

Asparagus Imports

Imports into the U.S.

After six years of growth, purchases abroad of asparagus decreased by -12.8% to X tons in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 21% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, asparagus imports declined to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Mexico (X tons) and Peru (X tons) were the main suppliers of asparagus imports to the United States.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +4.2%).

In value terms, the largest asparagus suppliers to the United States were Mexico ($X) and Peru ($X).

Mexico, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2022, increasing by 2.9% against the previous year. In general, the import price, however, showed a slight curtailment. The growth pace was the most rapid in 2013 an increase of 35%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.9%).

Source: IndexBox Platform

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