Updated Jan 11, 2023 07:16

Preserved Asparagus Market in France

Market Overview
The French preserved asparagus market skyrocketed to $ in , growing 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, consumption, however, recorded a slight downturn. Preserved asparagus consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.


Consumption
In , approx. tons of preserved asparagus were consumed in France; jumping by % against . Over the period under review, consumption, however, showed a noticeable setback. Over the period under review, consumption hit record highs at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The revenue of the preserved asparagus market in France soared to $ in , jumping 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). Overall, consumption, however, recorded a mild decline. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.


Market Forecast
Depressed by shrinking demand for preserved asparagus in France, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Preserved asparagus market in France consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
France remains a net importer of preserved asparagus; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.