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Colombia - Asparagus - Market Analysis, Forecast, Size, Trends and Insights
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Asparagus Market Size in Colombia
In 2023, the Colombian asparagus market decreased by X% to $X for the first time since 2015, thus ending a seven-year rising trend. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2022, and then contracted in the following year.
Asparagus Production in Colombia
In value terms, asparagus production rose notably to $X in 2023 estimated in export price. Overall, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. Asparagus production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.
In 2023, the average yield of asparagus in Colombia expanded sharply to X tons per ha, with an increase of X% against the previous year's figure. Overall, the yield saw a prominent increase. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2021 to 2023, the growth of the average asparagus 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.
The asparagus harvested area in Colombia declined to X ha in 2023, waning by X% compared with 2022 figures. Overall, the harvested area, however, recorded a tangible increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to asparagus production reached the maximum at X ha in 2022, and then shrank in the following year.
Asparagus Exports
Exports from Colombia
In 2023, exports of asparagus from Colombia reduced notably to X tons, with a decrease of X% against the previous year. In general, exports, however, posted a perceptible increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then shrank rapidly in the following year.
In value terms, asparagus exports shrank significantly to $X in 2023. Over the period under review, exports, however, saw resilient growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.
Exports by Country
The UK (X tons) was the main destination for asparagus exports from Colombia, accounting for a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to the UK amounted to X%.
In value terms, the UK ($X) emerged as the key foreign market for asparagus exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.
From 2012 to 2023, the average annual rate of growth in terms of value to the UK amounted to X%.
Export Prices by Country
The average asparagus export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands totaled $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.
Asparagus Imports
Imports into Colombia
After two years of growth, purchases abroad of asparagus decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2022, and then shrank dramatically in the following year.
In value terms, asparagus imports declined to $X in 2023. Overall, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then fell in the following year.
Imports by Country
In 2023, Peru (X tons) constituted the largest supplier of asparagus to Colombia, accounting for a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from Peru amounted to X%.
In value terms, Peru ($X) constituted the largest supplier of asparagus to Colombia.
From 2012 to 2023, the average annual growth rate of value from Peru stood at X%.
Import Prices by Country
The average asparagus import price stood at $X per ton in 2023, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From 2012 to 2023, the rate of growth in terms of prices for Peru amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the asparagus market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 367 - Asparagus
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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