Colombia: Asparagus Market 2024

Asparagus Market Size in Colombia

In 2023, after seven years of growth, there was decline in the Colombian asparagus market, when its value decreased by X% to $X. In general, consumption, however, recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2022, and then dropped in the following year.

Asparagus Production in Colombia

In value terms, asparagus production skyrocketed to $X in 2023 estimated in export price. In general, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

The average yield of asparagus in Colombia rose markedly to X tons per ha in 2023, increasing by X% against the previous year. Overall, the yield saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2023, the growth of the average asparagus yield remained at a somewhat lower figure. 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 reduced to X ha in 2023, with a decrease of X% on 2022. Over the period under review, the harvested area, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 when the harvested area increased by X%. The asparagus harvested area peaked at X ha in 2022, and then dropped in the following year.

Asparagus Exports

Exports from Colombia

Asparagus exports from Colombia fell markedly to X tons in 2023, dropping by X% against the year before. Overall, exports saw a abrupt setback. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, asparagus exports dropped notably to $X in 2023. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then fell 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 totaled X%.

Export Prices by Country

In 2023, the average asparagus export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a notable expansion from 2012 to 2023: its price 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, asparagus export price decreased by X% against 2021 indices. The pace of growth was the most pronounced 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 average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external 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 stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Asparagus Imports

Imports into Colombia

In 2023, after two years of growth, there was significant decline in purchases abroad of asparagus, when their volume decreased by X% to X tons. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, asparagus imports declined to $X in 2023. In general, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then reduced modestly in the following year.

Imports by Country

In 2023, the United States (X tons) was the main supplier of asparagus to Colombia, accounting for a approx. X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of asparagus to Colombia.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2023, rising by X% against the previous year. In general, the import price, however, recorded a mild descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 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 stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform