Belgium: Artichoke Market Overview 2021

Artichoke Market Size in Belgium

The Belgian artichoke market surged to $X in 2019, with an increase of 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). In general, consumption saw a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artichoke Exports

Exports from Belgium

In 2019, exports of artichokes from Belgium dropped notably to X tonnes, with a decrease of -X% on 2018 figures. Overall, exports recorded a dramatic setback. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of X tonnes. From 2018 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, artichoke exports declined significantly to $X in 2019. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2018 to 2019, the growth exports failed to regain the momentum.

Exports by Country

Luxembourg (X tonnes), the Netherlands (X tonnes) and France (X tonnes) were the main destinations of artichoke exports from Belgium, with a combined X% share of total exports. Germany and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese), while exports for the other leaders experienced a decline.

In value terms, Luxembourg ($X) emerged as the key foreign market for artichoke exports from Belgium, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2019, the average annual growth rate of value to Luxembourg totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-X% per year) and France (-X% per year).

Export Prices by Country

The average artichoke export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the last seven-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% year-to-year. As a result, export price reached the peak level of $X per tonne. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to the Netherlands ($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 France, while the prices for the other major destinations experienced more modest paces of growth.

Artichoke Imports

Imports into Belgium

Artichoke imports into Belgium surged to X tonnes in 2019, growing by X% on 2018 figures. In general, imports posted a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2018 to 2019, the growth imports failed to regain the momentum.

In value terms, artichoke imports soared to $X in 2019. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, France (X tonnes) constituted the largest artichoke supplier to Belgium, with a X% share of total imports. Moreover, artichoke imports from France exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).

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

From 2012 to 2019, the average annual growth rate of value from France stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Italy (+X% per year).

Import Prices by Country

The average artichoke import price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2019: its price increased at an average annual rate of +X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, artichoke import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. Over the period under review, average import prices hit record highs in 2019 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from France ($X per tonne) and the Netherlands ($X per tonne), while the price for Italy ($X per tonne) and Spain ($X per tonne) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

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 comprising 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), with a combined 55% share of global production. Peru, Algeria, Argentina, China and the U.S. lagged somewhat behind, together comprising a further 31%.

What are the leading suppliers of artichokes to Belgium?

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In value terms, France ($3.2M) constituted the largest supplier of artichoke to Belgium, comprising 60% of total imports. The second position in the ranking was occupied by Spain ($1.2M), with a 22% share of total imports. It was followed by Italy, with a 12% share.

What are the leading importers of artichokes from Belgium?

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In value terms, Luxembourg ($80K) emerged as the key foreign market for artichoke exports from Belgium, comprising 43% of total exports. The second position in the ranking was occupied by the Netherlands ($39K), with a 21% share of total exports. It was followed by France, with a 12% share.

What is the average export price for artichokes in Belgium?

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The average artichoke export price stood at $2,348 per tonne in 2019, with a decrease of -8.7% against the previous year.

What is the average import price for artichokes in Belgium?

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In 2019, the average artichoke import price amounted to $2,630 per tonne, rising by 19% against the previous year.