Artichoke Market Overview in Brazil
In value terms, artichoke production reduced rapidly to $ in 2019 estimated in export prices. In general, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2016 to 2019, production growth failed to regain the momentum.
In 2019, the average yield of artichokes in Brazil totaled kg per ha, standing approx. at the year before. Overall, 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.
In 2019, the total area harvested in terms of artichokes production in Brazil was estimated at ha, stabilizing at 2018. Overall, the harvested area saw a relatively flat trend pattern.
The size of the artichoke market in Brazil contracted dramatically to $ in 2018, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 with a decrease of -% y-o-y. Over the period under review, the market reached the maximum level at $ in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.