
Colombia - Artichokes - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Artichoke Market 2022
Artichoke Market Size in Colombia
In 2020, the Colombian artichoke market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. In general, consumption, however, saw a buoyant increase. The pace of growth was the most pronounced in 2018 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.
Artichoke Production in Colombia
In value terms, artichoke production declined slightly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019, and then dropped in the following year.
In 2020, the average artichoke yield in Colombia amounted to X kg per ha, remaining constant against the previous year. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2020, approx. X ha of artichokes were harvested in Colombia; remaining constant against the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.
Artichoke Exports
Exports from Colombia
In 2020, after two years of decline, there was significant growth in overseas shipments of artichokes, when their volume increased by X% to X tonnes. Over the period under review, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2017; however, from 2018 to 2020, exports failed to regain the momentum.
In value terms, artichoke exports declined slightly to $X in 2020. In general, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.
Exports by Country
Panama (X tonnes) was the main destination for artichoke exports from Colombia, accounting for a X% share of total exports. It was followed by Qatar (X kg), with a X% share of total exports.
From 2012 to 2020, the average annual rate of growth in terms of volume to Panama totaled -X%.
In value terms, Panama ($X) remains the key foreign market for artichoke exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Qatar ($X), with a X% share of total exports.
From 2012 to 2020, the average annual growth rate of value to Panama totaled -X%.
Export Prices by Country
The average artichoke export price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2019, and then dropped in the following year.
Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per tonne), while the average price for exports to Panama stood at $X per tonne.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.
Artichoke Imports
Imports into Colombia
In 2020, approx. X tonnes of artichokes were imported into Colombia; reducing by -X% against 2019. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.
In value terms, artichoke imports skyrocketed to $X in 2020. Overall, imports saw a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.
Imports by Country
In 2020, the U.S. (X tonnes) was the main supplier of artichoke to Colombia, with a approx. X% share of total imports.
From 2012 to 2020, the average annual rate of growth in terms of volume from the U.S. totaled -X%.
In value terms, the U.S. ($X) constituted the largest supplier of artichoke to Colombia.
From 2012 to 2020, the average annual growth rate of value from the U.S. was relatively modest.
Import Prices by Country
In 2020, the average artichoke import price amounted to $X per tonne, rising by X% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2014 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the U.S..
From 2012 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the artichoke market in Colombia. 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 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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