Asparagus market in South-eastern Asia

Earlier Report Observations

The asparagus market in South-eastern Asia grew in 2019 as retailers responded to changing shopping habits by emphasizing fresh, health-oriented products and expanding modern trade channels, which increased demand. This expansion was reversed in 2020 when the COVID-19 pandemic caused factory and farm shutdowns, leading to production delays and supply chain disruptions that significantly reduced market volume.

Market recovery began in 2021, supported by continued consumer stock-up behavior for fresh produce during the pandemic. By 2022, improved labor market conditions and stronger consumer spending, alongside economic growth and the rapid expansion of food e-commerce, bolstered demand for premium and fresh foods, helping market volume to increase further.

By 2023, the market volume had retreated slightly, concluding a period of fluctuation shaped initially by pandemic-induced supply shocks and later by evolving consumer preferences for freshness and health, as well as shifts in retail and distribution infrastructure.

Production asparagus in South-eastern Asia

In kind, 2017-2020, t

Top producers of asparagus, 2017-2020

World map of production of asparagus, 2017-2020

Asparagus production in South-eastern Asia has declined for the third year in a row. In 2020, the region produced 25 164 tonnes of asparagus, representing a 2.5% decrease from the previous year. Over the period from 2017 to 2020, production fell by 6.5%, with a compound annual growth rate of -2.2%.

Annual dynamics of production in South-eastern Asia in kind, 2017-2020, t

Exports asparagus from South-eastern Asia

Exports in kind, t

The data shows irregular fluctuations, pointing to a volatile market environment. From the low in 2019 to the high in 2017, export volumes varied by a factor of 1.9. In 2020, asparagus exports from South-eastern Asia reached 2 078 tonnes, marking a significant increase of 72.6% compared to the previous year. The minimum value was recorded in 2019 at 1 204 tonnes, with the largest decline that year at 45.8%.

Annual dynamics of product's exports from South-eastern Asia in kind, 2017-2020, t

Between 2017 and 2020, Asia, not elsewhere specified, dominated exports in kind, accounting for 71.7% of total flows, while other markets formed a fragmented tail.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from South-eastern Asia in kind, 2017-2020

Exports in value, K $ US

The market displayed an unstable trend throughout the period. The lowest exports were recorded in 2019, with the highest in 2017, showing a 4.2-fold difference. In 2020, asparagus deliveries from South-eastern Asia amounted to 4 462 thousand US dollars, reflecting a substantial rise of 222.3% over the past year. The minimum value was in 2019 at 1 384 thousand US dollars, with the largest decline that year at 75.9%.

Annual dynamics of product's exports from South-eastern Asia in value, 2017-2020, K $ US

From 2017 to 2020, the three largest markets—South Korea, Japan, and Asia, not elsewhere specified—were central to exports in value terms, collectively accounting for 50.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from South-eastern Asia in value, 2017-2020

Imports asparagus to South-eastern Asia

Imports in kind, t

Asparagus imports into South-eastern Asia have declined for the second consecutive year. In 2020, the region imported 1 622 tonnes of asparagus, a decrease of 5.5% from the previous year. Over the period from 2017 to 2020, imports dropped by 17.4%, with a compound annual growth rate of -6.2%. The maximum value was recorded in 2018 at 2 300 tonnes, with the largest increase that year at 17.1% and the largest decline in 2019 at 25.3%.

Annual dynamics of product's imports to South-eastern Asia in kind, 2017-2020, t

From 2017 to 2020, the supplier portfolio for asparagus to South-eastern Asia was diverse: the United States (23.8% of imports in kind), Australia (10.5%), and Peru (3.6%) together contributed only 37.9% of total imports in kind, with many other countries holding smaller but notable shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to South-eastern Asia in kind, 2017-2020

Imports in value, K $ US

Asparagus imports into South-eastern Asia have declined for the second year in a row. In 2020, imports totaled 9 297 thousand US dollars, down by 20.7% compared to 2019. Over the period from 2017 to 2020, imports decreased by 17.6%, with a compound annual growth rate of -6.3%. The maximum value was recorded in 2018 at 11 802 thousand US dollars, with the largest increase that year at 4.6%.

Annual dynamics of product's imports to South-eastern Asia in value, 2017-2020, K $ US

Between 2017 and 2020, the leading destinations for imports in value terms of asparagus to South-eastern Asia were the United States (38.9% of imports in value terms), Australia (15.1%), and Peru (7.4%), which together accounted for 61.4% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to South-eastern Asia in value, 2017-2020