Price for Fresh or Chilled Witloff Chicory in Canada - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Canada (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Canada (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Canada
- Exports of Fresh or Chilled Witloff Chicory in Canada
Price for Fresh or Chilled Witloff Chicory in Canada (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $5,654 per ton, rising by 39% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled witloff chicory import price increased by +77.1% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($6,175 per ton), while the price for Mexico ($3,112 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Canada (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $1,897 per ton in 2022, increasing by 19% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 53%. As a result, the export price reached the peak level of $2,749 per ton. From 2018 to 2022, the average export prices remained at a somewhat 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 the United States amounted to +9.1% per year.
Imports of Fresh or Chilled Witloff Chicory in Canada
In 2022, purchases abroad of fresh or chilled witloff chicory was finally on the rise to reach 97 tons after two years of decline. In general, imports, however, saw a deep setback.
In value terms, fresh or chilled witloff chicory imports skyrocketed to $548K in 2022. Overall, imports, however, recorded a mild shrinkage.
| Import of Fresh or Chilled Witloff Chicory in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 165 | 143 | 155 | 254 | 15.5% |
| Netherlands | 50.9 | 31.5 | 58.6 | 190 | 55.1% |
| Belgium | 310 | 118 | 91.3 | 64.0 | -40.9% |
| Mexico | 31.8 | 75.0 | 50.7 | 27.5 | -4.7% |
| Italy | 21.3 | 25.6 | 11.0 | 10.5 | -21.0% |
| Others | 2.7 | N/A | 0.5 | 2.1 | -8.0% |
| Total | 582 | 394 | 367 | 548 | -2.0% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Canada in 2022:
- United States (43.9 tons)
- Netherlands (30.8 tons)
- Belgium (12.1 tons)
- Mexico (8.8 tons)
- Italy (1.0 tons)
Exports of Fresh or Chilled Witloff Chicory in Canada
In 2022, the amount of fresh or chilled witloff chicory exported from Canada soared to 10 tons, increasing by 112% on the year before. In general, exports, however, recorded a sharp downturn.
In value terms, fresh or chilled witloff chicory exports skyrocketed to $19K in 2022. Over the period under review, exports, however, saw a sharp reduction.
| Export of Fresh or Chilled Witloff Chicory in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 118 | 6.9 | 7.5 | 19.0 | -45.6% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 118 | 7.0 | 7.5 | 19.0 | -45.6% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Canada in 2022:
- United States (10.0 tons)
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