Globe artichokes market in Asia

Earlier Report Observations

Production of fresh globe artichokes in Asia began the period at 164.9 thousand tons in 2018, a year when global export leaders including Egypt and Mexico influenced supply and trade flows into the region. Output then declined to 157.5 thousand tons in 2019 and stabilized around 156.3 thousand tons in 2020, with the market size measured at 157.7 thousand tons that year.

From 2021, strategic developments by major companies like Master Fruit and Al Jawhara Group provided market activity as production dipped to 153.7 thousand tons. The influence of Egypt, the world's top producer, on Asian supply coincided with a recovery to 154.5 thousand tons in 2022. Growth continued in 2023, with production reaching 158.2 thousand tons and the market size 158.8 thousand tons, supported by the Peruvian Exporters' Association's R&D investments to boost output and promotional campaigns from players like Ocean Mist Farms.

Moving into 2024, underlying market dynamics were shaped by rising health awareness driving demand for antioxidant-rich foods and university-led research improving artichoke preservation techniques, while global supply chain disruptions contributed to price volatility.

Production globe artichokes in Asia

In kind, 2017-2020, K t

Top producers of globe artichokes, 2017-2020

World map of production of globe artichokes, 2017-2020

Asia's globe artichoke production declined for the second year in a row. In 2020, the region produced 156.3 thousand tonnes, a slight decrease of 0.8% from the previous year. Looking at the period from 2017 to 2020, production overall grew by 3.2%, with an average annual growth rate of 1.1%. The highest production level was recorded in 2018 at 164.9 thousand tonnes, which represented an 8.9% increase. The largest decline occurred in 2019, with a drop of 4.5%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Exports globe artichokes from Asia

Exports in kind, t

The market showed an unstable trend over this period. Exports reached their lowest point in 2018 at 16 tonnes, marking a significant decline of 67.3%. By 2020, exports had surged to 80 tonnes, a sharp increase of 167.9% year-over-year, which was the highest volume recorded. The gap between the lowest and highest export volumes was 4.9 times.

Annual dynamics of product's exports from Asia in kind, 2017-2020, t

From 2017 to 2020, the United States, Germany, and the United Kingdom were consistently the main destinations for globe artichoke exports from Asia. The United States accounted for 1.9% of exports in volume, while Germany and the United Kingdom each represented 1.5%. Together, these three countries made up 4.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Asia in kind, 2017-2020

Exports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. Exports in value terms peaked in 2019 at 2 063 thousand US dollars, reflecting a substantial increase of 248.0%. However, by 2020, exports had fallen sharply to 218 thousand US dollars, a decrease of 89.4% compared to 2019, which was the lowest point. The difference between the peak and the low was 9.5 times.

Annual dynamics of product's exports from Asia in value, 2017-2020, K $ US

Over the period from 2017 to 2020, the United Kingdom, the United States, and Germany were the primary buyers of globe artichokes from Asia in value terms. The United Kingdom accounted for 3.6% of exports, the United States for 2.9%, and Germany for 2.2%. Combined, these three countries represented 8.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Asia in value, 2017-2020

Imports globe artichokes to Asia

Imports in kind, t

The market displayed volatility during the observed period. Imports in volume terms hit their lowest point in 2018 at 544 tonnes, with a decline of 21.6%. They then rose significantly in 2019 by 167.7%, and by 2020 reached 1 479 tonnes, a slight increase of 1.6% year-over-year, which was the highest level. The variation between the lowest and highest import volumes was 2.7 times.

Annual dynamics of product's imports to Asia in kind, 2017-2020, t

From 2017 to 2020, Egypt, France, and the Netherlands were the main sources for globe artichoke imports to Asia. Egypt accounted for 16.4% of imports in volume, France for 0.8%, and the Netherlands for 0.6%. Together, these three countries represented 17.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Asia in kind, 2017-2020

Imports in value, K $ US

Globe artichoke imports to Asia declined for the third consecutive year. In 2020, imports amounted to 2 238 thousand US dollars, down by 7.3% from 2019. Over the period from 2017 to 2020, imports decreased by 39.3%, with an average annual decline of 15.3%.

Annual dynamics of product's imports to Asia in value, 2017-2020, K $ US

Over 2017 to 2020, imports in value terms of globe artichokes to Asia were widely distributed among partner countries. Egypt accounted for 15.3% of imports, France for 10.9%, and the Netherlands for 9.1%. Together, these three countries made up 35.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Asia in value, 2017-2020