Preserved Asparagus Market Overview in Eastern Asia
In value terms, preserved asparagus production reached $ in estimated in export prices. Overall, production, however, showed a slight reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by % against the previous year. The level of production peaked at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
China ( tonnes) constituted the country with the largest volume of preserved asparagus production, accounting for % of total volume. Moreover, preserved asparagus production in China exceeded the figures recorded by the second-largest producer, Japan ( tonnes), more than tenfold.
From 2007 to , the average annual growth rate of volume in China totaled -%. The remaining producing countries recorded the following average annual rates of production growth: Japan (+% per year) and South Korea (+% per year).
The revenue of the preserved asparagus market in Eastern Asia rose remarkably to $ in , 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). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
In China, preserved asparagus consumption increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by Japan ($). It was followed by South Korea.
From 2007 to , the average annual growth rate of value in China stood at +%. In the other countries, the average annual rates were as follows: Japan (-% per year) and South Korea (+% per year).
The countries with the highest levels of preserved asparagus per capita consumption in were South Korea ( kg per persons), Japan ( kg per persons) and Taiwan (Chinese) ( kg per persons).
From 2007 to , the most notable rate of growth in terms of preserved asparagus per capita consumption, amongst the key consuming countries, was attained by China, while preserved asparagus per capita consumption for the other leaders experienced mixed trends in the per capita consumption figures.