Tridge summary
In 2023, global artichoke producers, including Peru, saw harvest declines due to adverse weather conditions, impacting international trade. Despite these challenges, Peru managed to export 47,817 tons for $138 million, marking an 18% drop in volume and 15% in value from the previous year. However, Egypt and Turkey's artichoke production surged, helping to meet demand and keep prices relatively stable for Peruvian artichokes, which averaged $2.8 per kilogram, a 4% increase. Looking ahead to 2024, a recovery is anticipated with better climate conditions, leading to a predicted 22% increase in Peruvian exports by volume and a 18% rise in value. The United States and Europe, key markets, faced their own production issues, resulting in increased reliance on imports and price fluctuations. Europe's demand is projected to grow by 3% in 2024, promising challenges for Peruvian artichoke in a crowded market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In 2023, artichoke producers around the world faced declines in their harvests due to weather, which complicated international trade in this product. Despite this, Peru managed to export 47,817 tons of artichoke for $138 million, showing a reduction of 18% in volume and 15% in value compared to the previous year. According to FreshFruit, with this drop in Peruvian production, which was similar to that of most countries, it was expected that the price would rise. However, two markets managed to avoid the fate of the others: Egypt and Turkey had a positive campaign, coupled with an increase in their hectares of artichokes. This was enough to compensate and satisfy demand in several relevant places around the world. Given this situation, the price of Peruvian artichoke was, on average, $2.8 per kilogram, just 4% higher than the previous period. For 2024, the uprooting of the artichoke has been timid. However, there are positive expectations due to the regularization of the climate ...
Source: AgroPeru
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