Asparagus Market Overview in the USA
In value terms, asparagus production declined to $ in 2019. Overall, production saw a slight decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by % year-to-year. Asparagus production peaked at $ in 2008; however, from 2009 to 2019, production stood at a somewhat lower figure.
In 2019, the average yield of asparagus in the U.S. amounted to tonnes per ha, approximately reflecting the previous year's figure. The yield figure increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the yield increased by % against the previous year. The asparagus yield peaked in 2019 and is expected to retain growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of asparagus production in the U.S. dropped to ha, shrinking by -% on the previous year's figure. Over the period under review, the harvested area recorded a noticeable descent. The most prominent rate of growth was recorded in 2016 when the harvested area increased by % year-to-year. The asparagus harvested area peaked at ha in 2007; however, from 2008 to 2019, the harvested area stood at a somewhat lower figure.
The revenue of the asparagus market in the U.S. rose markedly to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2013 indices. The pace of growth appeared the most rapid in 2009 with an increase of % against the previous year. Asparagus consumption peaked in 2019 and is expected to retain growth in the near future.