Mexico: Asparagus Market 2024

Asparagus Market Size in Mexico

The Mexican asparagus market rose rapidly to $X in 2023, with an increase of X% against the previous year. Overall, consumption recorded a significant expansion. Asparagus consumption peaked at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Asparagus Production in Mexico

In value terms, asparagus production declined rapidly to $X in 2023 estimated in export price. Overall, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Asparagus production peaked at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

In 2023, the average asparagus yield in Mexico expanded slightly to X tons per ha, growing by X% compared with 2022 figures. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The asparagus yield peaked at X tons per ha in 2021; however, from 2022 to 2023, the 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.

In 2023, the total area harvested in terms of asparagus production in Mexico dropped modestly to X ha, therefore, remained relatively stable against the previous year's figure. In general, the total harvested area indicated a buoyant increase from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, asparagus harvested area increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. The asparagus harvested area peaked at X ha in 2022, and then dropped modestly in the following year.

Asparagus Exports

Exports from Mexico

In 2023, overseas shipments of asparagus decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, exports, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, asparagus exports reduced to $X in 2023. Over the period under review, total exports indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for asparagus exports from Mexico, with a approx. X% share of total exports.

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

In value terms, the United States ($X) also remains the key foreign market for asparagus exports from Mexico.

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

Export Prices by Country

In 2023, the average asparagus export price amounted to $X per ton, growing by X% against the previous year. In general, the export price showed a mild increase. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, 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.

Asparagus Imports

Imports into Mexico

In 2023, supplies from abroad of asparagus decreased by X% to X tons, falling for the second year in a row after two years of decline. Over the period under review, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports failed to regain momentum.

In value terms, asparagus imports amounted to $X in 2023. In general, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Peru (X tons) was the main supplier of asparagus to Mexico, accounting for a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Peru stood at X%.

In value terms, Peru ($X) constituted the largest supplier of asparagus to Mexico, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Peru amounted to X%.

Import Prices by Country

The average asparagus import price stood at $X per ton in 2023, almost unchanged from the previous year. Over the period under review, the import price recorded slight growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Peru amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform