MERCOSUR: Artichoke Market 2024

Artichoke Market Size in MERCOSUR

The MERCOSUR artichoke market contracted slightly to $X in 2022, approximately mirroring the previous year. In general, consumption continues to indicate a noticeable slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Artichoke Production in MERCOSUR

In value terms, artichoke production rose rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Peru (X tons) constituted the country with the largest volume of artichoke production, comprising approx. X% of total volume. Moreover, artichoke production in Peru exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold.

In Peru, artichoke production plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

The average artichoke yield was estimated at X tons per ha in 2022, remaining stable against the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the artichoke yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The artichoke harvested area dropped to X ha in 2022, waning by X% against the previous year. Overall, the harvested area saw a pronounced descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to artichoke production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Artichoke Exports

Exports in MERCOSUR

In 2022, overseas shipments of artichokes decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, artichoke exports reduced notably to $X in 2022. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Brazil (X kg) and Peru (X kg) took a relatively small share of total exports.

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

In value terms, Colombia ($X) remains the largest artichoke supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports.

In Colombia, artichoke exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, with an increase of X% against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artichoke export price increased by X% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Artichoke Imports

Imports in MERCOSUR

In 2022, after two years of decline, there was significant growth in overseas purchases of artichokes, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, artichoke imports skyrocketed to $X in 2022. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons) and Peru (X tons) dominates imports structure, together constituting X% of total imports. It was distantly followed by Colombia (X tons), mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported artichokes in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports.

In Brazil, artichoke imports expanded 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: Peru (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

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 Colombia ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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