U.S. - Artichokes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingArtichoke Price in the United States - 2023
Contents:
- Artichoke Price in the United States (FOB) - 2023
- Artichoke Price in the United States (CIF) - 2022
- Artichoke Exports in the United States
- Artichoke Imports in the United States
Artichoke Price in the United States (FOB) - 2023
The average artichoke export price stood at $2,123 per ton in December 2023, surging by 24% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in February 2023 an increase of 30% month-to-month. As a result, the export price reached the peak level of $2,434 per ton. From March 2023 to December 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Guyana ($3,027 per ton), while the average price for exports to Aruba ($1,189 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Artichoke Price in the United States (CIF) - 2022
In 2022, the average artichoke import price amounted to $1,415 per ton, surging by 3.9% against the previous year. Over the period under review, the import price, however, showed a slight descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 30%. As a result, import price attained the peak level of $1,660 per ton. From 2017 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($1,433 per ton), while the price for Egypt totaled $559 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-1.1%).
Artichoke Exports in the United States
In 2022, shipments abroad of artichokes decreased by -9.9% to 1.8K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of 2.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, artichoke exports reduced to $3.6M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 45%. As a result, the exports reached the peak of $4.7M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Artichoke in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.1 | 2.7 | 3.1 | 2.5 | 6.0% |
| Mexico | 0.9 | 1.9 | 0.6 | 0.5 | -17.8% |
| Jamaica | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Aruba | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 3.2 | 4.7 | 3.9 | 3.6 | 4.0% |
Top Export Markets for Artichoke from the United States in 2022:
- Canada (1245.7 tons)
- Mexico (216.7 tons)
- China (92.4 tons)
- Jamaica (84.4 tons)
- Aruba (55.9 tons)
- United Kingdom (29.1 tons)
Artichoke Imports in the United States
In 2022, the amount of artichokes imported into the United States stood at 2.5K tons, surging by 4.5% against the previous year. In general, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 51% against the previous year. As a result, imports reached the peak of 3.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, artichoke imports rose notably to $3.6M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.6% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 92% against the previous year. As a result, imports reached the peak of $3.6M; afterwards, it flattened through to 2022.
| Import of Artichoke in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1.7 | 3.5 | 3.2 | 3.5 | 27.2% |
| Egypt | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.9 | 3.6 | 3.3 | 3.6 | 23.7% |
Top Suppliers of Artichoke to the United States in 2022:
- Mexico (2458.4 tons)
- Egypt (62.6 tons)
This report provides an in-depth analysis of the artichoke market in the U.S.. 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 366 - Artichokes
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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