GCC: Artichoke Market 2024

Artichoke Market Size in GCC

The GCC artichoke market surged to $X in 2022, increasing by X% against the previous year. In general, consumption posted a remarkable increase. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Artichoke Production in GCC

In value terms, artichoke production stood at $X in 2022 estimated in export price. In general, production saw a precipitous setback. The most prominent rate of growth was recorded in 2018 with an increase of X,000%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Oman (X kg) remains the largest artichoke producing country in GCC, accounting for X% of total volume.

In Oman, artichoke production decreased by an average annual rate of X% over the period from 2012-2022.

Artichoke Exports

Exports in GCC

In 2022, approx. X tons of artichokes were exported in GCC; with a decrease of X% compared with the previous year's figure. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, artichoke exports fell significantly to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the largest exporter of artichokes, constituting X% of total exports. Oman (X kg) ranks second in terms of the total exports with an X% share, followed by Saudi Arabia (X%).

From 2012 to 2022, average annual rates of growth with regard to artichoke exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total exports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest artichoke supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Oman (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then fell sharply in the following year.

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 Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced a decline in the export price figures.

Artichoke Imports

Imports in GCC

In 2022, approx. X tons of artichokes were imported in GCC; growing by X% compared with the previous year's figure. Overall, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, artichoke imports surged to $X in 2022. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) and Kuwait (X tons) were the largest importers of artichokes in GCC, together accounting for near X% of total imports. Oman (X tons) ranks next in terms of the total imports with a X% share, followed by Qatar (X%). Bahrain (X tons) held a little share of total imports.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported artichokes in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, artichoke imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

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 Qatar ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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