Global Artichoke Market 2022

Artichoke Market Size

The global artichoke market rose slightly to $X in 2020, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Over the period under review, the global market attained the peak level at $X in 2013; afterwards, it flattened through to 2020.

Artichoke Production

In value terms, artichoke production stood at $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% y-o-y. Global production peaked in 2020 and is likely to see gradual growth in the immediate term.

The countries with the highest volumes of artichoke production in 2020 were Italy (X tonnes), Egypt (X tonnes) and Spain (X tonnes), with a combined X% share of global production. Algeria, Argentina, Peru and China lagged somewhat behind, together accounting for a further X 2012 to 2020, the most notable rate of growth in terms of artichoke production, amongst the key producing countries, was attained by Algeria, while artichoke production for the other global leaders experienced more modest paces of growth.

In 2020, the global average artichoke yield reached X tonnes per ha, therefore, remained relatively stable against the previous year's figure. Overall, the yield saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% year-to-year. The global yield peaked in 2020 and is expected to retain growth in the near future. 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 worldwide; reducing by -X% compared with the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the harvested area increased by X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2018 to 2020, the growth of the global artichoke harvested area remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of artichoke production in 2020 were Italy (X tonnes), Egypt (X tonnes) and Spain (X tonnes), with a combined X% share of global production. These countries were followed by Algeria, Argentina, Peru and China, which together accounted for a further X 2012 to 2020, the biggest increases were in Algeria, while artichoke production for the other global leaders experienced more modest paces of growth.

Artichoke Exports

Exports

In 2020, approx. X tonnes of artichokes were exported worldwide; which is down by -X% on 2019. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. from 2015 to 2020, the growth of global exports remained at a lower figure.

In value terms, artichoke exports contracted modestly to $X in 2020. Over the period under review, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, global exports hit record highs at $X in 2014; however, from 2015 to 2020, exports stood at a somewhat lower figure.

Exports by Country

In 2020, Spain (X tonnes) represented the largest exporter of artichokes, achieving X% of total exports. Egypt (X tonnes) held a X% share (based on tonnes) of total exports, which put it in second place, followed by France (X%), Tunisia (X%), Italy (X%), Mexico (X%) and the U.S. (X%).

Spain experienced a relatively flat trend pattern with regard to volume of exports of artichokes. At the same time, Tunisia (+X%) and Mexico (+X%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2020. By contrast, the U.S. (-X%), France (-X%), Egypt (-X%) and Italy (-X%) illustrated a downward trend over the same period. While the share of Tunisia (+X p.p.) and Mexico (+X p.p.) increased significantly in terms of the global exports from 2012-2020, the share of France (-X p.p.), Egypt (-X p.p.) and Italy (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2020, together comprising X% of global exports. Tunisia, Egypt, the U.S. and Mexico lagged somewhat behind, together accounting for a further X the main exporting countries, Tunisia saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average artichoke export price stood at $X per tonne in 2020, leveling off at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Global export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was France ($X per tonne), while Egypt ($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 other global leaders experienced more modest paces of growth.

Artichoke Imports

Imports

In 2020, approx. X tonnes of artichokes were imported worldwide; reducing by -X% against the previous year's figure. Over the period under review, imports recorded a mild descent. The pace of growth appeared the most rapid in 2019 when imports increased by X% y-o-y. Over the period under review, global imports attained the maximum at X tonnes in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

In value terms, artichoke imports declined slightly to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Over the period under review, global imports hit record highs at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

France (X tonnes) and Italy (X tonnes) represented roughly X% of total imports of artichokes in 2020. It was distantly followed by the U.S. (X tonnes), Germany (X tonnes) and Belgium (X tonnes), together committing a X% share of total imports. The following importers - Canada (X tonnes) and Switzerland (X tonnes) - together made up X% of total imports.

From 2012 to 2020, the biggest increases were in Belgium, while purchases for the other global leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2020, together comprising X% of global imports.

Belgium saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average artichoke import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform