Price for Fresh or Chilled Witloff Chicory in Belgium - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Belgium (FOB) - 2022
- Price for Fresh or Chilled Witloff Chicory in Belgium (CIF) - 2023
- Exports of Fresh or Chilled Witloff Chicory in Belgium
- Imports of Fresh or Chilled Witloff Chicory in Belgium
Price for Fresh or Chilled Witloff Chicory in Belgium (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $1,131 per ton in 2022, shrinking by -10.8% against the previous year. Over the period under review, the export price saw a pronounced decrease. The growth pace was the most rapid in 2020 when the average export price increased by 25%. As a result, the export price attained the peak level of $1,603 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,902 per ton), while the average price for exports to Italy ($573 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.9%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Witloff Chicory in Belgium (CIF) - 2023
In May 2023, the average import price for fresh or chilled witloff chicory amounted to $1,558 per ton, remaining relatively unchanged against the previous month. Overall, import price indicated a noticeable increase from May 2022 to May 2023: its price increased at an average monthly rate of +4.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, fresh or chilled witloff chicory import price decreased by -19.8% against December 2022 indices. The pace of growth was the most pronounced in September 2022 when the average import price increased by 57% month-to-month. Over the period under review, average import prices attained the peak figure at $1,943 per ton in December 2022; however, from January 2023 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Luxembourg ($8,669 per ton), while the price for France ($1,043 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Luxembourg (+16.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fresh or Chilled Witloff Chicory in Belgium
In 2022, approx. 16K tons of fresh or chilled witloff chicory were exported from Belgium; with a decrease of -2.2% compared with 2021. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 11%.
In value terms, fresh or chilled witloff chicory exports declined to $18M in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The smallest decline of -2.6% was in 2020.
| Export of Fresh or Chilled Witloff Chicory in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.9 | 9.7 | 5.9 | 5.1 | -16.9% |
| Germany | 2.5 | 3.0 | 3.1 | 3.0 | 6.3% |
| United States | 2.7 | 1.7 | 2.4 | 2.2 | -6.6% |
| Netherlands | 2.1 | 2.0 | 1.9 | 2.1 | 0.0% |
| Luxembourg | 1.5 | 2.3 | 1.8 | 1.5 | 0.0% |
| Spain | 1.2 | 0.9 | 1.7 | 1.1 | -2.9% |
| Italy | 0.9 | 1.0 | 0.8 | 1.0 | 3.6% |
| Others | 4.5 | 3.1 | 3.1 | 2.2 | -21.2% |
| Total | 24.2 | 23.6 | 20.8 | 18.1 | -9.2% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Belgium in 2022:
- France (4.3K tons)
- Germany (3.8K tons)
- Spain (1.8K tons)
- Netherlands (1.7K tons)
- Italy (1.7K tons)
- Luxembourg (0.9K tons)
- United States (0.7K tons)
Imports of Fresh or Chilled Witloff Chicory in Belgium
In 2022, purchases abroad of fresh or chilled witloff chicory decreased by -13.3% to 9.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a mild setback. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fresh or chilled witloff chicory imports shrank significantly to $12M in 2022. In general, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62%. As a result, imports reached the peak of $18M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Fresh or Chilled Witloff Chicory in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.1 | 16.4 | 15.6 | 10.6 | 1.6% |
| Luxembourg | N/A | 0.8 | 0.5 | 0.6 | -13.4% |
| France | 0.9 | 0.6 | 0.4 | 0.4 | -23.7% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 11.1 | 18.0 | 16.7 | 11.7 | 1.8% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Belgium in 2022:
- Netherlands (8.5K tons)
- Luxembourg (0.3K tons)
- France (0.2K tons)
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