SADC: Artichoke Market 2024

Artichoke Market Size in SADC

The SADC artichoke market totaled $X in 2023, almost unchanged from the previous year. Overall, consumption posted a prominent increase. Over the period under review, the market attained the peak level in 2023 and is likely to continue growth in years to come.

Artichoke Production in SADC

In value terms, artichoke production reached $X in 2023 estimated in export price. Over the period under review, production saw prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked in 2023 and is expected to retain growth in years to come.

Zimbabwe (X tons) constituted the country with the largest volume of artichoke production, comprising approx. X% of total volume. It was followed by South Africa (X tons), with a X% share of total production.

From 2012 to 2023, the average annual growth rate of volume in Zimbabwe was relatively modest.

In 2023, the average artichoke yield in SADC amounted to X tons per ha, remaining stable against 2022. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of yield peaked at X tons per ha in 2013; however, from 2014 to 2023, the 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.

In 2023, the harvested area of artichokes in SADC stood at X ha, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to artichoke production attained the peak figure in 2023 and is expected to retain growth in years to come.

Artichoke Exports

Exports in SADC

In 2023, overseas shipments of artichokes decreased by X% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, artichoke exports contracted notably to $X in 2023. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

South Africa was the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Swaziland (X tons), committing a X% share of total exports. Madagascar (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Madagascar (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest artichoke supplying countries in SADC were South Africa ($X), Swaziland ($X) and Madagascar ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Madagascar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Madagascar (X%), while the other leaders experienced a decline in the export price figures.

Artichoke Imports

Imports in SADC

In 2023, after two years of growth, there was significant decline in overseas purchases of artichokes, when their volume decreased by X% to X tons. Over the period under review, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, artichoke imports reduced to $X in 2023. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Mozambique represented the main importing country with an import of about X tons, which recorded X% of total imports. Seychelles (X kg) ranks second in terms of the total imports with a X% share, followed by Angola (X%), Zambia (X%) and Mauritius (X%). The following importers - Malawi (X kg) and Swaziland (X kg) - each recorded a X% share of total imports.

Imports into Mozambique increased at an average annual rate of X% from 2012 to 2023. At the same time, Seychelles (X%), Angola (X%) and Malawi (X%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. Zambia experienced a relatively flat trend pattern. By contrast, Mauritius (X%) and Swaziland (X%) illustrated a downward trend over the same period. Mozambique (X p.p.), Seychelles (X p.p.), Angola (X p.p.), Zambia (X p.p.), Mauritius (X p.p.), Malawi (X p.p.) and Swaziland (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mozambique ($X), Mauritius ($X) and Seychelles ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Mozambique, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Mauritius ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform