Australia and Oceania: Artichoke Market 2024

Artichoke Market Size in Australia and Oceania

The artichoke market in Australia and Oceania soared to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Artichoke Production in Australia and Oceania

In value terms, artichoke production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Australia (X tons) and New Zealand (X tons).

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%).

Artichoke Exports

Exports in Australia and Oceania

Artichoke exports plummeted to X tons in 2022, declining by X% against 2021. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, artichoke exports dropped sharply to $X in 2022. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of artichokes, namely Australia, represented more than two-thirds of total export.

Australia was also the fastest-growing in terms of the artichokes exports, with a CAGR of X% from 2012 to 2022. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest artichoke supplier in Australia and Oceania.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at X%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; afterwards, it flattened through to 2022.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Artichoke Imports

Imports in Australia and Oceania

In 2022, the amount of artichokes imported in Australia and Oceania surged to X tons, with an increase of X% compared with 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, artichoke imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, French Polynesia (X tons) was the largest importer of artichokes, constituting X% of total imports. It was distantly followed by New Caledonia (X tons), Australia (X tons) and Palau (X tons), together committing a X% share of total imports. New Zealand (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to artichoke imports into French Polynesia stood at X%. At the same time, New Zealand (X%), Australia (X%) and Palau (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, New Caledonia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of French Polynesia, Australia, Palau and New Zealand increased by X, X, X and X percentage points, respectively.

In value terms, French Polynesia ($X) constitutes the largest market for imported artichokes in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Caledonia ($X), with a X% share of total imports. It was followed by Australia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in French Polynesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Caledonia (X% per year) and Australia (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a remarkable increase 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Palau ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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