HS Code:
Asparagus provided for in subheading 2005.60.00 of the Harmonized System (HS) Code refers to prepared or preserved asparagus, not frozen, typically canned or jarred in brine, vinegar, or other preservatives. This category excludes fresh or frozen asparagus and focuses on processed products ready for consumption or further culinary use. These products are widely used in the food industry for retail, catering, and as ingredients in prepared meals. The global trade of preserved asparagus is influenced by agricultural production capabilities, seasonal variations, and consumer demand for convenient, shelf-stable vegetables.
Total Trade Volume
Approximately $250 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC) Trade Map
$90 million USD
36% of total trade of total trade
Increasing
$60 million USD
24% of total trade of total trade
Stable
$30 million USD
12% of total trade of total trade
Increasing
$20 million USD
8% of total trade of total trade
Stable
$15 million USD
6% of total trade of total trade
Decreasing
Average Rate
8.5% ad valorem
Highest Rate
Up to 25% (applied by certain developing countries to protect local agriculture)
Lowest Rate
0% (under free trade agreements such as EU-USMCA or within customs unions like the EU)
Growing demand for organic and sustainably sourced preserved asparagus
Increased market share for exporters with certified organic production, particularly in Europe and North America
2021-2022
Shift towards premium and gourmet preserved asparagus products
Higher profit margins for exporters focusing on niche markets with value-added products like marinated or flavored asparagus
2020-2022
Rising production costs due to labor and energy price increases
Potential price hikes for consumers and reduced competitiveness for smaller exporters
2022
Peru has expanded its asparagus cultivation and processing capacity, benefiting from favorable trade agreements like the US-Peru Trade Promotion Agreement, leading to a surge in exports to North America and Europe.
March 2023
Increased competition for other exporters like China and Spain, potentially lowering prices in key markets
The European Union introduced updated sanitary and phytosanitary regulations for imported preserved vegetables, including asparagus, to ensure food safety and traceability.
January 2023
Exporters from developing countries may face higher compliance costs, potentially reducing their market access to the EU
The United States renewed tariff preferences for Peruvian agricultural products, including preserved asparagus, under the Andean Trade Preference Act.
October 2022
Enhanced competitiveness of Peruvian asparagus in the US market, likely increasing import volumes