Report Update Mar 1, 2025

Sri Lanka - Artichokes - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Artichoke Market 2025

Artichoke Market Size in Sri Lanka

In 2022, the Sri Lankan artichoke market decreased by -92.2% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption saw a slight slump. Over the period under review, the market reached the peak level at $X in 2021, and then dropped remarkably in the following year.

Artichoke Production in Sri Lanka

In value terms, artichoke production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 39%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of artichokes in Sri Lanka totaled less than X kg per ha, leveling off at the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. 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 Sri Lanka amounted to less than X ha in 2022, standing approx. at the previous year's figure. In general, the harvested area showed a relatively flat trend pattern.

Artichoke Exports

Exports from Sri Lanka

In 2022, the amount of artichokes exported from Sri Lanka dropped notably to X kg, which is down by -97.8% against 2021. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of 460%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artichoke exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 468%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X kg) was the main destination for artichoke exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled -16.5%.

In value terms, Saudi Arabia ($X) also remains the key foreign market for artichokes exports from Sri Lanka.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia stood at -1.8%.

Export Prices by Country

In 2022, the average artichoke export price amounted to $X per ton, surging by 17% against the previous year. In general, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 114%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +17.7% per year.

Artichoke Imports

Imports into Sri Lanka

After ten years of growth, purchases abroad of artichokes decreased by -98% to X kg in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 145%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, artichoke imports dropped notably to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X kg) was the main supplier of artichoke to Sri Lanka, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +30.4%.

In value terms, the Netherlands ($X) constituted the largest supplier of artichokes to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +38.1%.

Import Prices by Country

The average artichoke import price stood at $X per ton in 2022, dropping by -16% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +11.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for artichokes in the world?

The countries with the highest volumes of artichoke consumption in 2020 were Italy, Egypt and Spain, with a combined 57% share of global consumption. Algeria, Argentina, Peru and China lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of artichokes in the world?

The countries with the highest volumes of artichoke production in 2020 were Italy, Egypt and Spain, together comprising 57% of global production. Algeria, Argentina, Peru and China lagged somewhat behind, together comprising a further 26%.

What are the leading suppliers of artichokes to Sri Lanka?

In value terms, the largest artichoke suppliers to Sri Lanka were the Netherlands, the United Arab Emirates and Niger. Moreover, artichoke imports in the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, sevenfold.

What are the leading importers of artichokes from Sri Lanka?

In value terms, the United Arab Emirates remains the key foreign market for artichoke exports from Sri Lanka, comprising 16% of total exports. The second position in the ranking was occupied by Norway $174), with a 2.1% share of total exports. It was followed by Maldives, with a 0.7% share.

What is the average export price for artichokes in Sri Lanka?

In 2020, the average artichoke export price amounted to $2,197 per ton, dropping by -21.6% against the previous year.

What is the average import price for artichokes in Sri Lanka?

In 2020, the average artichoke import price amounted to $0 per ton, almost unchanged from the previous year.

This report provides an in-depth analysis of the artichoke market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 366 - Artichokes

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024