Price for Fresh or Chilled Witloff Chicory in Italy - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Italy (CIF) - 2023
- Price for Fresh or Chilled Witloff Chicory in Italy (FOB) - 2023
- Imports of Fresh or Chilled Witloff Chicory in Italy
- Exports of Fresh or Chilled Witloff Chicory in Italy
Price for Fresh or Chilled Witloff Chicory in Italy (CIF) - 2023
In May 2023, the average import price for fresh or chilled witloff chicory amounted to $2,189 per ton, remaining stable against the previous month. Over the period under review, import price indicated a perceptible increase from May 2022 to May 2023: its price increased at an average monthly rate of +3.9% 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 -1.6% against March 2023 indices. The growth pace was the most rapid in September 2022 when the average import price increased by 23% m-o-m. Over the period under review, average import prices reached the maximum at $2,226 per ton in March 2023; afterwards, it flattened through to May 2023.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the countries with the highest prices were Germany ($2,629 per ton) and France ($2,298 per ton), while the price for Belgium ($2,079 per ton) and Spain ($2,102 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Spain (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Italy (FOB) - 2023
The average export price for fresh or chilled witloff chicory stood at $2,053 per ton in June 2023, picking up by 31% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.1%. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 31% month-to-month. The export price peaked in June 2023.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Greece ($2,875 per ton), while the average price for exports to Latvia ($702 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fresh or Chilled Witloff Chicory in Italy
In 2022, approx. 15K tons of fresh or chilled witloff chicory were imported into Italy; increasing by 21% against 2021. The total import volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fresh or chilled witloff chicory imports stood at $24M in 2022. The total import value increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 9.9%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fresh or Chilled Witloff Chicory in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.7 | 14.7 | 13.4 | 13.2 | 1.3% |
| France | 6.2 | 6.0 | 6.3 | 7.3 | 5.6% |
| Germany | 1.3 | 1.5 | 1.4 | 1.9 | 13.5% |
| Belgium | 0.7 | 0.6 | 0.7 | 0.9 | 8.7% |
| Spain | 0.4 | 0.7 | 1.0 | 0.6 | 14.5% |
| Others | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Total | 21.4 | 23.6 | 22.9 | 24.2 | 4.2% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Italy in 2022:
- Netherlands (8.3K tons)
- France (4.7K tons)
- Germany (0.8K tons)
- Belgium (0.6K tons)
- Spain (0.4K tons)
Exports of Fresh or Chilled Witloff Chicory in Italy
In 2022, exports of fresh or chilled witloff chicory from Italy expanded sharply to 5.9K tons, growing by 11% compared with 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, fresh or chilled witloff chicory exports surged to $9.1M in 2022. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 107% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Fresh or Chilled Witloff Chicory in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,233 | 1,320 | 1,727 | 1,870 | 14.9% |
| Poland | 398 | 247 | 1,097 | 955 | 33.9% |
| United Kingdom | 29.2 | 44.6 | 370 | 945 | 218.7% |
| Switzerland | 383 | 291 | 1,036 | 850 | 30.4% |
| Spain | 34.1 | 99.7 | 337 | 831 | 189.9% |
| Sweden | N/A | 0.1 | 537 | 478 | 6813.8% |
| Belgium | 367 | 250 | 265 | 444 | 6.6% |
| Austria | 196 | 143 | 199 | 378 | 24.5% |
| France | 235 | 256 | 477 | 368 | 16.1% |
| Slovenia | 153 | 111 | 216 | 330 | 29.2% |
| Norway | 8.4 | N/A | 47.7 | 329 | 239.6% |
| Serbia | N/A | N/A | 92.6 | 214 | 131.1% |
| Ukraine | 66.2 | 303 | 262 | 212 | 47.4% |
| Others | 703 | 581 | 893 | 936 | 10.0% |
| Total | 3,806 | 3,648 | 7,556 | 9,140 | 33.9% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Italy in 2022:
- Germany (1452.0 tons)
- Poland (660.5 tons)
- Switzerland (529.3 tons)
- Spain (482.1 tons)
- France (366.7 tons)
- Sweden (354.2 tons)
- United Kingdom (349.3 tons)
- Belgium (304.9 tons)
- Austria (226.7 tons)
- Slovenia (204.3 tons)
- Norway (188.1 tons)
- Ukraine (130.6 tons)
- Serbia (126.2 tons)
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