SADC: Asparagus Market 2024

Asparagus Market Size in SADC

The SADC asparagus market skyrocketed to $X in 2023, picking up by X% against the previous year. Overall, consumption saw a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Asparagus Production in SADC

In value terms, asparagus production stood at $X in 2023 estimated in export price. The total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

The countries with the highest volumes of production in 2023 were Madagascar (X tons), Zimbabwe (X tons) and South Africa (X tons), together comprising X% of total production.

From 2012 to 2023, the biggest increases were recorded for Madagascar (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average asparagus yield in SADC totaled X tons per ha, picking up by X% against the previous year's figure. In general, the yield showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the asparagus yield hit record highs at X tons per ha in 2021; however, from 2022 to 2023, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the total area harvested in terms of asparagus production in SADC shrank to X ha, waning by X% against 2022 figures. In general, the harvested area recorded a noticeable slump. The growth pace was the most rapid in 2017 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to asparagus production reached the maximum at X ha in 2013; however, from 2014 to 2023, the harvested area failed to regain momentum.

Asparagus Exports

Exports in SADC

For the fifth consecutive year, SADC recorded growth in shipments abroad of asparagus, which increased by X% to X tons in 2023. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, asparagus exports fell dramatically to $X in 2023. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell remarkably in the following year.

Exports by Country

In 2023, Madagascar (X tons) and South Africa (X tons) represented the largest exporters of asparagus in SADC, together generating X% of total exports. It was distantly followed by Namibia (X tons), creating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Madagascar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) remains the largest asparagus supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports.

In Madagascar, 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: South Africa (X% per year) and Namibia (X% per year).

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat 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 Madagascar ($X per ton), while South Africa ($X per ton) was amongst the lowest.

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

Asparagus Imports

Imports in SADC

In 2023, approx. X tons of asparagus were imported in SADC; picking up by X% compared with the previous year. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, asparagus imports soared to $X in 2023. Overall, imports enjoyed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Madagascar was the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by South Africa (X tons), constituting a X% share of total imports.

Madagascar was also the fastest-growing in terms of the asparagus imports, with a CAGR of X% from 2012 to 2023. At the same time, South Africa (X%) displayed positive paces of growth. While the share of Madagascar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, Madagascar ($X) constitutes the largest market for imported asparagus in SADC, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports.

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

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, faced a abrupt decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Madagascar ($X per ton), while South Africa stood at $X per ton.

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

Source: IndexBox Platform