Price for Fresh or Chilled Witloff Chicory in Brazil - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Brazil (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Brazil (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Brazil
- Exports of Fresh or Chilled Witloff Chicory in Brazil
Price for Fresh or Chilled Witloff Chicory in Brazil (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $3,601 per ton, surging by 18% against the previous year. Over the period under review, the import price showed temperate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +2.0% per year.
Price for Fresh or Chilled Witloff Chicory in Brazil (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $1,797 per ton, which is down by -16.9% against the previous year. Over the period under review, the export price faced a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 3.3%. The export price peaked at $5,693 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($4,370 per ton), while the average price for exports to the UK ($681 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Witloff Chicory in Brazil
In 2022, purchases abroad of fresh or chilled witloff chicory decreased by -12.8% to 99 tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 120%. As a result, imports attained the peak of 114 tons, and then shrank in the following year.
In value terms, fresh or chilled witloff chicory imports rose slightly to $357K in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 152% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fresh or Chilled Witloff Chicory in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Argentina | 138 | 347 | 357 | 60.8% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 138 | 347 | 357 | 60.8% | |
Top Suppliers of Fresh or Chilled Witloff Chicory to Brazil in 2022:
- Argentina (99.1 tons)
Exports of Fresh or Chilled Witloff Chicory in Brazil
In 2022, shipments abroad of fresh or chilled witloff chicory increased by 88% to 4.1 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fresh or chilled witloff chicory exports soared to $7.4K in 2022. Over the period under review, exports, however, showed a abrupt decline.
| Export of Fresh or Chilled Witloff Chicory in Brazil (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Marshall Islands | 814 | 1,313 | 431 | 1,758 | 29.3% |
| Panama | 651 | 611 | 423 | 1,129 | 20.1% |
| Liberia | 850 | 431 | 316 | 891 | 1.6% |
| Greece | 747 | 581 | 896 | 555 | -9.4% |
| Hong Kong SAR | 624 | 265 | 439 | 478 | -8.5% |
| Singapore | 125 | 147 | 193 | 366 | 43.1% |
| Malta | 1,205 | 892 | 124 | 321 | -35.7% |
| Cyprus | 113 | 152 | 127 | 277 | 34.8% |
| Bahamas | 288 | 141 | 222 | 267 | -2.5% |
| Chile | 55.0 | 29.0 | 184 | 157 | 41.9% |
| United Kingdom | 113 | 91.0 | 22.0 | 126 | 3.7% |
| China | 56.0 | 97.0 | 6.0 | 85.0 | 14.9% |
| Uruguay | 2,359 | N/A | 1,180 | N/A | -29.3% |
| Others | 2,895 | 5,826 | 170 | 991 | -30.0% |
| Total | 10,895 | 10,576 | 4,733 | 7,401 | -12.1% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Brazil in 2022:
- Marshall Islands (899.0 kg)
- Panama (696.0 kg)
- Liberia (619.0 kg)
- Hong Kong SAR (289.0 kg)
- Singapore (241.0 kg)
- United Kingdom (185.0 kg)
- Bahamas (175.0 kg)
- Malta (165.0 kg)
- Cyprus (142.0 kg)
- Greece (127.0 kg)
- China (93.0 kg)
- Chile (77.0 kg)
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