Price for Fresh or Chilled Witloff Chicory in Serbia - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Serbia (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Serbia (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Serbia
- Exports of Fresh or Chilled Witloff Chicory in Serbia
Price for Fresh or Chilled Witloff Chicory in Serbia (CIF) - 2022
The average import price for fresh or chilled witloff chicory stood at $1,845 per ton in 2022, surging by 68% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,230 per ton), while the price for North Macedonia ($950 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Serbia (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $1,984 per ton in 2022, picking up by 41% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices reached the maximum at $2,070 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($2,212 per ton), while the average price for exports to Russia totaled $1,962 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+47.1%).
Imports of Fresh or Chilled Witloff Chicory in Serbia
In 2022, approx. 493 tons of fresh or chilled witloff chicory were imported into Serbia; rising by 4% on 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 115% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, fresh or chilled witloff chicory imports surged to $910K in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Fresh or Chilled Witloff Chicory in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 197 | 229 | 405 | 835 | 61.8% |
| Poland | 11.1 | N/A | 12.7 | 41.1 | 54.7% |
| Spain | 50.4 | 19.2 | 80.2 | 16.8 | -30.7% |
| North Macedonia | N/A | N/A | N/A | 15.4 | 0% |
| Others | 2.9 | 19.0 | 23.4 | 1.2 | -25.5% |
| Total | 261 | 268 | 522 | 910 | 51.6% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Serbia in 2022:
- Italy (443.7 tons)
- Poland (24.2 tons)
- North Macedonia (16.2 tons)
- Spain (8.6 tons)
Exports of Fresh or Chilled Witloff Chicory in Serbia
In 2022, approx. 279 tons of fresh or chilled witloff chicory were exported from Serbia; falling by -9.9% on the previous year. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 5,647%. As a result, the exports attained the peak of 309 tons, and then reduced in the following year.
In value terms, fresh or chilled witloff chicory exports soared to $553K in 2022. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 8,817%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Fresh or Chilled Witloff Chicory in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 4.9 | 433 | 493 | 903.1% |
| Belarus | N/A | N/A | N/A | 57.9 | 0% |
| Italy | 6.4 | N/A | 1.8 | N/A | -47.0% |
| Others | N/A | N/A | N/A | 1.6 | 0% |
| Total | 6.4 | 4.9 | 435 | 553 | 342.1% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Serbia in 2022:
- Russia (251.4 tons)
- Belarus (26.2 tons)
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