Report Update Nov 1, 2024

Vietnam - Artichokes - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Artichoke Market 2024

Artichoke Market Size in Vietnam

In 2022, after two years of growth, there was significant decline in the Vietnamese artichoke market, when its value decreased by -49.4% to $X. Overall, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X, and then fell markedly in the following year.

Artichoke Production in Vietnam

In value terms, artichoke production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate mild growth. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of artichokes in Vietnam stood at less than X kg per ha in 2022, therefore, remained relatively stable against the year before. In general, 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 Vietnam totaled less than X ha in 2022, standing approx. at 2021 figures. Over the period under review, the harvested area showed a relatively flat trend pattern.

Artichoke Exports

Exports from Vietnam

In 2022, the amount of artichokes exported from Vietnam surged to X tons, rising by 346% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 3,129% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, artichoke exports skyrocketed to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 2,219%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for artichoke exports from Vietnam, with a 96% share of total exports. Moreover, artichoke exports to Canada exceeded the volume sent to the second major destination, Russia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +55.1%.

In value terms, Canada ($X) remains the key foreign market for artichokes exports from Vietnam, comprising 68% of total exports. The second position in the ranking was held by Russia ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +38.0%.

Export Prices by Country

The average artichoke export price stood at $X per ton in 2022, dropping by -14.5% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2019 an increase of 55%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+27.0%), while the prices for the other major destinations experienced a decline.

Artichoke Imports

Imports into Vietnam

In 2022, the amount of artichokes imported into Vietnam expanded rapidly to X tons, with an increase of 12% compared with the year before. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 510%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, artichoke imports dropped dramatically to $X in 2022. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 433% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Australia (X tons) was the main supplier of artichoke to Vietnam, accounting for a approx. 100% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +15.7%.

In value terms, Australia ($X) constituted the largest supplier of artichokes to Vietnam.

From 2013 to 2022, the average annual growth rate of value from Australia stood at +34.9%.

Import Prices by Country

The average artichoke import price stood at $X per ton in 2022, with a decrease of -24.6% against the previous year. Over the period under review, the import price, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 80% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +80.1% 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, together comprising 57% of global consumption. These countries were followed by Algeria, Argentina, Peru and China, which together accounted 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 accounting for 57% of global production. Algeria, Argentina, Peru and China lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of artichokes to Vietnam?

In value terms, Australia $400) constituted the largest supplier of artichoke to Vietnam, comprising 68% of total imports. The second position in the ranking was occupied by the Netherlands $191), with a 32% share of total imports.

What are the leading importers of artichokes from Vietnam?

In value terms, the U.S. emerged as the key foreign market for artichoke exports from Vietnam, comprising 43% of total exports. The second position in the ranking was occupied by Russia $821), with a 11% share of total exports. It was followed by Thailand, with a 4.8% share.

What is the average export price for artichokes in Vietnam?

In 2020, the average artichoke export price amounted to $1,907 per ton, which is down by -11.3% against the previous year.

What is the average import price for artichokes in Vietnam?

The average artichoke import price stood at $2,300 per ton in 2020, remaining constant against the previous year.

This report provides an in-depth analysis of the artichoke market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023