HS Code:
Artichokes, prepared or preserved by vinegar or acetic acid, fall under HS Code 2001.90.25. This category includes artichokes that have been processed and preserved for long-term storage and consumption, typically used in culinary applications such as salads, antipasti, and gourmet dishes. The preservation process involves the use of vinegar or acetic acid to maintain freshness and prevent spoilage. This product is part of the broader category of prepared vegetables, reflecting a niche but significant market in the global food trade, driven by demand for ready-to-eat and specialty food products.
Total Trade Volume
Approximately $50 million USD
Data from 2022
Source
United Nations Comtrade Database, International Trade Centre (ITC)
$20 million USD
40% of total trade of total trade
Increasing
$10 million USD
20% of total trade of total trade
Stable
$8 million USD
16% of total trade of total trade
Increasing
$5 million USD
10% of total trade of total trade
Stable
$3 million USD
6% of total trade of total trade
Increasing
Average Rate
8.5% ad valorem
Highest Rate
14% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as EU-USMCA)
Growing demand for organic and natural preserved vegetables
Increased market share for producers offering organic artichokes, with a premium price point attracting health-conscious consumers
2021-2022
Rise in plant-based and Mediterranean diet popularity
Boosted demand for artichokes as a staple ingredient in Mediterranean cuisine, particularly in North America and Northern Europe
2020-2022
Supply chain disruptions due to geopolitical tensions
Temporary shortages and price volatility in key markets due to export restrictions and shipping delays
2022
The European Union reduced tariffs on prepared vegetables, including artichokes, for certain Mediterranean countries to strengthen trade ties.
March 2023
Expected to increase exports from countries like Italy and Spain to EU markets, potentially lowering consumer prices.
The US Food and Drug Administration introduced stricter guidelines for imported preserved vegetables, focusing on acetic acid levels and labeling.
January 2023
May increase compliance costs for exporters but ensures higher safety standards, potentially boosting consumer confidence.
Peru reported a significant increase in artichoke exports due to favorable weather conditions and government support for agricultural exports.
October 2022
Strengthens Peru's position as an emerging player in the global market, increasing competition for traditional exporters like Italy.