Greece: Artichoke Market 2024

Artichoke Market Size in Greece

In 2022, the Greek artichoke market increased by 10% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Artichoke Production in Greece

In value terms, artichoke production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The growth pace was the most rapid in 2018 when the production volume increased by 262% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average artichoke yield in Greece rose significantly to X tons per ha, increasing by 12% against the previous year. In general, the yield indicated tangible growth from 2012 to 2022: its figure increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, artichoke yield decreased by -10.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average artichoke yield remained at a somewhat lower figure. 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 in Greece soared to X ha in 2022, growing by 32% on 2021 figures. Overall, the harvested area, however, continues to indicate a deep setback. Over the period under review, the harvested area dedicated to artichoke production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Artichoke Exports

Exports from Greece

In 2022, shipments abroad of artichokes increased by 416% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 3,382% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, artichoke exports soared to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,340%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for artichoke exports from Greece, accounting for a 90% share of total exports. It was followed by Switzerland (X kg), with a 3% share of total exports. The third position in this ranking was held by Italy (X kg), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at +294.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+27.7% per year) and Italy (+47.9% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for artichokes exports from Greece, comprising 93% of total exports. The second position in the ranking was taken by Italy ($X), with a 3.6% share of total exports. It was followed by Switzerland, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +393.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+33.1% per year) and Switzerland (-3.1% per year).

Export Prices by Country

The average artichoke export price stood at $X per ton in 2022, growing by 133% against the previous year. In general, the export price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 135% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Artichoke Imports

Imports into Greece

In 2022, approx. X tons of artichokes were imported into Greece; with an increase of 10% against the year before. Overall, imports recorded a mild expansion. The growth pace was the most rapid in 2019 when imports increased by 136% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, artichoke imports contracted slightly to $X in 2022. In general, imports posted a temperate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 121% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Egypt (X tons) were the main suppliers of artichoke imports to Greece, together accounting for 95% of total imports. Bulgaria, Germany and Spain lagged somewhat behind, together comprising a further 4.4%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +37.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) constituted the largest supplier of artichokes to Greece, comprising 61% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 30% share of total imports. It was followed by Egypt, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.5% per year) and Egypt (-17.1% per year).

Import Prices by Country

The average artichoke import price stood at $X per ton in 2022, reducing by -10.1% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2021 an increase of 62%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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