Belgium: Artichoke Market Overview 2021

Artichoke Market Size in Belgium

The Belgian artichoke market was finally on the rise to reach $X in 2020, after two years of decline. In general, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Artichoke Exports

Exports from Belgium

In 2020, overseas shipments of artichokes were finally on the rise to reach X tonnes for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. from 2018 to 2020, the growth exports failed to regain the momentum.

In value terms, artichoke exports surged to $X in 2020. In general, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tonnes), Luxembourg (X tonnes) and France (X tonnes) were the main destinations of artichoke exports from Belgium, together accounting for X% of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands, while exports for the other leaders experienced a decline.

In value terms, Luxembourg ($X), the Netherlands ($X) and France ($X) appeared to be the largest markets for artichoke exported from Belgium worldwide, together comprising X% of total exports.

Among the main countries of destination, the Netherlands recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average artichoke export price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, artichoke export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Luxembourg ($X per tonne), while the average price for exports to the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg, while the prices for the other major destinations experienced more modest paces of growth.

Artichoke Imports

Imports into Belgium

After two years of decline, overseas purchases of artichokes increased by X% to X tonnes in 2020. In general, imports posted a prominent expansion. Over the period under review, imports attained the peak figure at X tonnes in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, artichoke imports surged to $X in 2020. Overall, imports posted a buoyant increase. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the Netherlands (X tonnes) constituted the largest artichoke supplier to Belgium, accounting for a X% share of total imports. Moreover, artichoke imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the Netherlands amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Spain (+X% per year).

In value terms, the Netherlands ($X), France ($X) and Spain ($X) appeared to be the largest artichoke suppliers to Belgium, together comprising X% of total imports.

Among the main suppliers, the Netherlands (+X% per year) recorded 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

The average artichoke import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the last eight years, it increased at an average annual rate of +X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform