Asia-Pacific: Artichoke Market 2024

Artichoke Market Size in Asia-Pacific

The Asia-Pacific artichoke market amounted to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Artichoke Production in Asia-Pacific

In value terms, artichoke production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

China (X tons) remains the largest artichoke producing country in Asia-Pacific, comprising approx. X% of total volume.

From 2012 to 2022, the average annual rate of growth in terms of volume in China was relatively modest.

The average artichoke yield reached X tons per ha in 2022, approximately equating 2021 figures. Overall, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2016 to 2022, the growth of the artichoke 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 2022, approx. X ha of artichokes were harvested in Asia-Pacific; approximately mirroring the previous year. Overall, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2017 to 2022, the growth of the artichoke harvested area failed to regain momentum.

Artichoke Exports

Exports in Asia-Pacific

Artichoke exports fell rapidly to X tons in 2022, declining by X% against the previous year. In general, exports, however, posted a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, artichoke exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Singapore dominates exports structure, reaching X tons, which was near X% of total exports in 2022. India (X tons) ranks second in terms of the total exports with an X% share, followed by Australia (X%). Bangladesh (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the artichokes exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Australia (X%) displayed positive paces of growth. By contrast, Bangladesh (X%) illustrated a downward trend over the same period. Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while India, Australia and Bangladesh saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest artichoke supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with an X% share of total exports. It was followed by India, with an X% share.

In Singapore, artichoke exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Australia (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Artichoke Imports

Imports in Asia-Pacific

For the sixth consecutive year, Asia-Pacific recorded growth in overseas purchases of artichokes, which increased by X% to X tons in 2022. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, artichoke imports surged to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Maldives (X tons), Vietnam (X tons) and Singapore (X tons) represented roughly X% of total imports in 2022. It was distantly followed by French Polynesia (X tons), mixing up a X% share of total imports. The following importers - Hong Kong SAR (X tons), Thailand (X tons), Japan (X tons), Cambodia (X tons), New Caledonia (X tons), Malaysia (X tons) and Macao SAR (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Maldives ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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