Austria: Artichoke Market Overview 2021

Artichoke Market Size in Austria

The Austrian artichoke market expanded modestly to $X in 2019, growing by X% 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). The market value increased at an average annual rate of +X% from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Artichoke consumption peaked at $X in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.

Artichoke Exports

Exports from Austria

In 2019, after three years of growth, there was significant decline in overseas shipments of artichokes, when their volume decreased by -X% to X tonnes. Overall, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2018, and then declined rapidly in the following year.

In value terms, artichoke exports reduced dramatically to $X in 2019. Over the period under review, exports recorded a perceptible expansion. The growth pace was the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2018, and then fell dramatically in the following year.

Exports by Country

Germany (X kg), Italy (X kg) and Slovenia (X kg) were the main destinations of artichoke exports from Austria, with a combined X% share of total exports.

From 2012 to 2019, the biggest increases were in Germany (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Italy ($X) were the largest markets for artichoke exported from Austria worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Germany (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average artichoke export price amounted to $X per tonne, surging by X% against the previous year. Over the period from 2012 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average export prices hit record highs in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced more modest paces of growth.

Artichoke Imports

Imports into Austria

Artichoke imports into Austria expanded slightly to X tonnes in 2019, growing by X% on 2018. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. Imports peaked at X tonnes in 2013; however, from 2014 to 2019, imports remained at a lower figure.

In value terms, artichoke imports totaled $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2012 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, Italy (X tonnes) constituted the largest artichoke supplier to Austria, accounting for a X% share of total imports. Moreover, artichoke imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold.

From 2012 to 2019, the average annual growth rate of volume from Italy amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of artichoke to Austria, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Germany (-X% per year).

Import Prices by Country

The average artichoke import price stood at $X per tonne in 2019, remaining stable against the previous year. Over the last seven years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2016; however, from 2017 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Germany ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artichokes in the world?

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The countries with the highest volumes of artichoke consumption in 2019 were Italy (391K tonnes), Egypt (287K tonnes) and Spain (187K tonnes), with a combined 54% share of global consumption. Peru, Algeria, Argentina, China, France and the U.S. lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of artichokes in the world?

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The countries with the highest volumes of artichoke production in 2019 were Italy (379K tonnes), Egypt (297K tonnes) and Spain (200K tonnes), together accounting for 55% of global production. These countries were followed by Peru, Algeria, Argentina, China and the U.S., which together accounted for a further 31%.

What are the leading suppliers of artichokes to Austria?

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In value terms, Italy ($319K) constituted the largest supplier of artichoke to Austria, comprising 73% of total imports. The second position in the ranking was occupied by the Netherlands ($72K), with a 17% share of total imports.

What are the leading importers of artichokes from Austria?

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In value terms, Germany ($3K), Slovenia ($2.8K) and Italy ($2.8K) constituted the largest markets for artichoke exported from Austria worldwide, together accounting for 84% of total exports.

What is the average export price for artichokes in Austria?

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The average artichoke export price stood at $4,391 per tonne in 2019, rising by 5.3% against the previous year.

What is the average import price for artichokes in Austria?

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The average artichoke import price stood at $2,676 per tonne in 2019, therefore, remained relatively stable against the previous year.