Northern America: Asparagus Market 2024

Asparagus Market Size in Northern America

The North American asparagus market reduced modestly to $X in 2023, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Asparagus Production in Northern America

In value terms, asparagus production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

The country with the largest volume of asparagus production was the United States (X tons), accounting for X% of total volume. Moreover, asparagus production in the United States exceeded the figures recorded by the second-largest producer, Canada (X tons), threefold.

In the United States, asparagus production shrank by an average annual rate of X% over the period from 2012-2023.

In 2023, the average yield of asparagus in Northern America expanded slightly to X tons per ha, rising by X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2023, 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 2023, the harvested area of asparagus in Northern America fell slightly to X ha, stabilizing at 2022. Overall, the harvested area showed a pronounced setback. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to asparagus production reached the peak figure at X ha in 2017; however, from 2018 to 2023, the harvested area stood at a somewhat lower figure.

Asparagus Exports

Exports in Northern America

Asparagus exports reduced to X tons in 2023, declining by X% compared with 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, asparagus exports totaled $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. It was distantly followed by Canada (X tons), mixing up a X% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of asparagus. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest asparagus supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Asparagus Imports

Imports in Northern America

In 2023, purchases abroad of asparagus decreased by X% to X tons, falling for the second consecutive year after six years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, asparagus imports expanded slightly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X tons, which was near X% of total imports in 2023. It was distantly followed by Canada (X tons), generating a X% share of total imports.

The United States was also the fastest-growing in terms of the asparagus imports, with a CAGR of X% from 2012 to 2023. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported asparagus in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States stood at X%.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform