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World - Artichokes - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 5, 2020

Global Artichoke Market to Reach 1.9M Tonnes by 2030

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IndexBox has just published a new report: 'World - Artichokes - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The global artichoke market revenue amounted to $2.5B in 2018, rising by 2.4% 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). 

Over the period under review, the global artichoke market reached its maximum level at $2.6B in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Consumption By Country

The countries with the highest volumes of artichoke consumption in 2018 were Italy (394K tonnes), Egypt (319K tonnes) and Spain (196K tonnes), together comprising 54% of global consumption. Peru, Algeria, Argentina and China lagged somewhat behind, together accounting for a further 28%.

From 2009 to 2018, the most notable rate of growth in terms of artichoke consumption, amongst the main consuming countries, was attained by Algeria, while artichoke consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest artichoke markets worldwide were Italy ($608M), Peru ($421M) and Egypt ($341M), with a combined 54% share of the global market. Spain, Argentina, Algeria and China lagged somewhat behind, together accounting for a further 26%.

The countries with the highest levels of artichoke per capita consumption in 2018 were Italy (6.62 kg per person), Peru (4.75 kg per person) and Spain (4.20 kg per person).

Market Forecast to 2030

Driven by increasing demand for artichoke worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.0% for the period from 2018 to 2030, which is projected to bring the market volume to 1.9M tonnes by the end of 2030.

Global Production 2009-2018

Global artichoke production totaled 1.7M tonnes in 2018, remaining constant against the previous year. The total output volume increased at an average annual rate of +1.1% over the period from 2009 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The general positive trend in terms of artichoke output was largely conditioned by a modest increase of the harvested area and slight growth in yield figures.

Production By Country

The countries with the highest volumes of artichoke production in 2018 were Italy (390K tonnes), Egypt (324K tonnes) and Spain (208K tonnes), together comprising 55% of global production. Peru, Algeria, Argentina, China, France and the U.S. lagged somewhat behind, together accounting for a further 34%.

Harvested Area and Yield 2009-2018

In 2018, the global artichoke harvested area stood at 127K ha, approximately mirroring the previous year. The global average yield of artichokes totaled 13 tonne per ha, picking up by 2% against the previous year. The yield figure increased at an average annual rate of +1.3% over the period from 2009 to 2018.

Global Exports 2009-2018

In 2018, the amount of artichokes exported worldwide stood at 34K tonnes, waning by -11.5% against the previous year. In general, artichoke exports continue to indicate a temperate contraction. In value terms, artichoke exports amounted to $51M (IndexBox estimates) in 2018.

Exports by Country

Spain was the largest exporter of artichokes exported in the world, with the volume of exports amounting to 13K tonnes, which was near 36% of total exports in 2018. It was distantly followed by France (6.2K tonnes), Italy (4.8K tonnes), Egypt (4.6K tonnes), Mexico (2K tonnes) and the U.S. (2K tonnes), together creating a 57% share of total exports. The Netherlands (895 tonnes) followed a long way behind the leaders.

Spain experienced a relatively flat trend pattern with regard to volume of exports of artichokes exports. At the same time, Mexico (+17.0%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.0% from 2009-2018. France experienced a relatively flat trend pattern. By contrast, Italy (-4.4%), the U.S. (-7.1%), Egypt (-7.4%) and the Netherlands (-13.0%) illustrated a downward trend over the same period. While the share of Mexico (+4.4 p.p.) and Spain (+2.2 p.p.) increased significantly in terms of the global exports from 2009-2018, the share of the U.S. (-5.3 p.p.), the Netherlands (-6.5 p.p.), Italy (-7 p.p.) and Egypt (-13.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($16M), France ($11M) and Italy ($7.9M) were the countries with the highest levels of exports in 2018, with a combined 69% share of global exports. Egypt, the U.S., the Netherlands and Mexico lagged somewhat behind, together accounting for a further 26%.

Export Prices by Country

The average artichoke export price stood at $1,473 per tonne in 2018, going down by -2.2% against the previous year. Over the period under review, the average export prices for artichokes reached their maximum at $1,681 per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the Netherlands ($3,423 per tonne), while Mexico ($1,006 per tonne) was amongst the lowest.

From 2009 to 2018, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• FCL 366 - Artichokes

This report provides an in-depth analysis of the global artichoke market. 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 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Harvested Area, By Country, 2007-2020
Table 7:
Yield, By Country, 2007-2020
Table 8:
Imports, In Physical Terms, By Country, 2007–2020
Table 9:
Imports, In Value Terms, By Country, 2007–2020
Table 10:
Import Prices, By Country Of Destination, 2007–2020
Table 11:
Exports, In Physical Terms, By Country, 2007–2020
Table 12:
Exports, In Value Terms, By Country, 2007–2020
Table 13:
Export Prices, By Country Of Origin, 2007–2020
Table 14:
Producer Prices, By Major Producing Country, 2020
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2020
Figure 18:
Production, In Value Terms, 2007–2020
Figure 19:
Area Harvested, 2007–2020
Figure 20:
Yield, 2007–2020
Figure 21:
Production, By Country, 2020
Figure 22:
Production, In Physical Terms, By Country, 2007–2020
Figure 23:
Harvested Area, By Country, 2020
Figure 24:
Harvested Area, By Country, 2007-2020
Figure 25:
Yield, By Country, 2007-2020
Figure 26:
Imports, In Physical Terms, 2007–2020
Figure 27:
Imports, In Value Terms, 2007–2020
Figure 28:
Imports, In Physical Terms, By Country, 2020
Figure 29:
Imports, In Physical Terms, By Country, 2007–2020
Figure 30:
Imports, In Value Terms, By Country, 2007–2020
Figure 31:
Import Prices, By Country, 2007–2020
Figure 32:
Exports, In Physical Terms, 2007–2020
Figure 33:
Exports, In Value Terms, 2007–2020
Figure 34:
Exports, In Physical Terms, By Country, 2020
Figure 35:
Exports, In Physical Terms, By Country, 2007–2020
Figure 36:
Exports, In Value Terms, By Country, 2007–2020
Figure 37:
Export Prices, 2007–2020

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