Southern Asia: Asparagus Market 2024

Asparagus Market Size in Southern Asia

The South Asian asparagus market skyrocketed to $X in 2023, increasing by X% against the previous year. In general, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Asparagus Production in Southern Asia

In value terms, asparagus production shrank notably to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Bhutan (X tons) remains the largest asparagus producing country in Southern Asia, accounting for X% of total volume. Moreover, asparagus production in Bhutan exceeded the figures recorded by the second-largest producer, Nepal (X tons), fourfold.

In Bhutan, asparagus production remained relatively stable over the period from 2012-2023. The remaining producing countries recorded the following average annual rates of production growth: Nepal (X% per year) and Bangladesh (X% per year).

In 2023, the average asparagus yield in Southern Asia expanded slightly to X tons per ha, increasing by X% compared with 2022 figures. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the asparagus yield reached the maximum level at X tons per ha in 2014; however, from 2015 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 Southern Asia totaled X ha, with an increase of X% on the previous year. Overall, the harvested area, however, saw a slight setback. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2023, the growth of the asparagus harvested area failed to regain momentum.

Asparagus Exports

Exports in Southern Asia

Asparagus exports contracted rapidly to X tons in 2023, with a decrease of X% compared with the previous year's figure. In general, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, asparagus exports contracted markedly to $X in 2023. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Nepal dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Bangladesh (X tons), mixing up a X% share of total exports. The following exporters - India (X kg) and Pakistan (X kg) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to asparagus exports from Nepal stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, India (X%) and Bangladesh (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Nepal and Pakistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nepal ($X) remains the largest asparagus supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total exports. It was followed by Pakistan, with a X% share.

In Nepal, asparagus exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Nepal ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Asparagus Imports

Imports in Southern Asia

Asparagus imports soared to X tons in 2023, increasing by X% on 2022 figures. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, asparagus imports surged to $X in 2023. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports remained at a lower figure.

Imports by Country

India (X tons) and Afghanistan (X tons) dominates imports structure, together mixing up X% of total imports. The following importers - Bangladesh (X tons) and Pakistan (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Afghanistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported asparagus in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Afghanistan ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, asparagus imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined notably in the following year.

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 Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform