Mexico - Chicory - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Mexico - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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Chicory Price in Mexico - 2022

Contents:

  1. Chicory Price in Mexico (FOB) - 2022
  2. Chicory Price in Mexico (CIF) - 2022
  3. Chicory Exports in Mexico
  4. Chicory Imports in Mexico

Chicory Price in Mexico (FOB) - 2022

In 2022, the average chicory export price amounted to $26,750 per ton, dropping by -36.3% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,927%. The export price peaked at $46,410 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +17,592.9% per year.

Chicory Price in Mexico (CIF) - 2022

In 2022, the average chicory import price amounted to $1,937 per ton, remaining stable against the previous year. Over the period under review, the import price saw a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by 115% against the previous year. The import price peaked at $5,539 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($2,077 per ton), while the price for the United States totaled $1,680 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.5%).

Chicory Exports in Mexico

In 2022, exports of chicory from Mexico skyrocketed to 22 tons, surging by 95% on 2021. Over the period under review, exports recorded a strong expansion.

In value terms, chicory exports soared to $591K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 3,641%. As a result, the exports reached the peak of $708K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Chicory in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States18.9708475591215.0%
OthersN/AN/AN/AN/A0%
Total18.9708475591215.0%

Top Export Markets for Chicory from Mexico in 2022:

  1. United States (22.1 tons)

Chicory Imports in Mexico

In 2022, imports of chicory into Mexico reduced sharply to 172 tons, which is down by -49.9% against 2021 figures. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 34,227%. As a result, imports reached the peak of 343 tons, and then shrank sharply in the following year.

In value terms, chicory imports declined rapidly to $333K in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 73,634% against the previous year. As a result, imports reached the peak of $666K, and then contracted dramatically in the following year.

Import of Chicory in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
HungaryN/AN/A515229-55.5%
United States85.10.91491036.6%
Others1.3N/A1.20.6-22.7%
Total86.40.966633356.8%

Top Suppliers of Chicory to Mexico in 2022:

  1. Hungary (110.4 tons)
  2. United States (61.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chicory market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 459 - Chicory roots

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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