Price for Fresh or Chilled Witloff Chicory in Portugal - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Portugal (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Portugal (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Portugal
- Exports of Fresh or Chilled Witloff Chicory in Portugal
Price for Fresh or Chilled Witloff Chicory in Portugal (CIF) - 2022
The average import price for fresh or chilled witloff chicory stood at $2,937 per ton in 2022, which is down by -3.2% against the previous year. Overall, the import price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 an increase of 53% against the previous year. Over the period under review, average import prices hit record highs at $3,034 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,092 per ton), while the price for Belgium ($1,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Portugal (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $8,468 per ton in 2022, growing by 88% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($4,813 per ton), while the average price for exports to Cabo Verde totaled $4,689 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Witloff Chicory in Portugal
In 2022, the amount of fresh or chilled witloff chicory imported into Portugal fell to 115 tons, which is down by -11.6% against 2021 figures. Overall, imports faced a deep downturn. The smallest decline of -10% was in 2020.
In value terms, fresh or chilled witloff chicory imports fell to $337K in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 38%.
| Import of Fresh or Chilled Witloff Chicory in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 165 | 320 | 322 | 295 | 21.4% |
| Netherlands | 52.7 | 66.5 | 70.4 | 32.4 | -15.0% |
| Belgium | 63.2 | 2.1 | 0.1 | 9.1 | -47.6% |
| Others | 1.0 | 0.7 | 0.9 | N/A | -5.1% |
| Total | 282 | 389 | 393 | 337 | 6.1% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Portugal in 2022:
- Spain (95.4 tons)
- Netherlands (11.5 tons)
- Belgium (7.7 tons)
Exports of Fresh or Chilled Witloff Chicory in Portugal
In 2022, shipments abroad of fresh or chilled witloff chicory increased by 163% to 725 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a sharp downturn.
In value terms, fresh or chilled witloff chicory exports skyrocketed to $6.1K in 2022. In general, exports, however, continue to indicate a deep contraction.
| Export of Fresh or Chilled Witloff Chicory in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cabo Verde | 6.7 | 1.2 | 1.2 | 2.1 | -32.1% |
| Spain | N/A | N/A | N/A | 0.2 | 0% |
| France | N/A | 0.4 | N/A | N/A | 0% |
| Angola | 4.0 | 0.8 | N/A | N/A | -80.0% |
| Others | 0.1 | 0.1 | N/A | 3.9 | 239.1% |
| Total | 10.8 | 2.4 | 1.2 | 6.1 | -17.3% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Portugal in 2022:
- Cabo Verde (440.0 kg)
- Spain (32.0 kg)
- France (5.0 kg)
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