Price for Fresh or Chilled Witloff Chicory in Singapore - 2022
Contents:
- Price for Fresh or Chilled Witloff Chicory in Singapore (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Singapore (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Singapore
- Exports of Fresh or Chilled Witloff Chicory in Singapore
Price for Fresh or Chilled Witloff Chicory in Singapore (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $5,348 per ton, surging by 2% against the previous year. Overall, import price indicated a strong expansion 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 +42.5% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. Over the period under review, average import prices attained the maximum at $5,466 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Italy ($10,813 per ton), while the price for Malaysia ($1,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Singapore (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $4,701 per ton, reducing by -4.7% against the previous year. Overall, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 52%. The export price peaked at $6,127 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($5,592 per ton), while the average price for exports to Indonesia amounted to $2,708 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fresh or Chilled Witloff Chicory in Singapore
In 2022, overseas purchases of fresh or chilled witloff chicory decreased by -6.7% to 54 tons, falling for the second year in a row after two years of growth. In general, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 7.9%. As a result, imports attained the peak of 65 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fresh or chilled witloff chicory imports contracted modestly to $289K in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of $304K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Fresh or Chilled Witloff Chicory in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 154 | 224 | 203 | 211 | 11.1% |
| Indonesia | 1.1 | 1.4 | 1.0 | 38.7 | 227.7% |
| France | 10.2 | 11.1 | 15.5 | 12.0 | 5.6% |
| China | 26.2 | 28.4 | 13.1 | 10.8 | -25.6% |
| Italy | 10.9 | 5.8 | 6.7 | 8.8 | -6.9% |
| Hong Kong SAR | N/A | N/A | N/A | 5.2 | 0% |
| Others | 23.2 | 33.4 | 64.5 | 2.9 | -50.0% |
| Total | 226 | 304 | 304 | 289 | 8.5% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Singapore in 2022:
- Netherlands (33.7 tons)
- China (9.2 tons)
- Indonesia (6.6 tons)
- Hong Kong SAR (1.8 tons)
- France (1.3 tons)
- Italy (0.8 tons)
Exports of Fresh or Chilled Witloff Chicory in Singapore
After three years of growth, shipments abroad of fresh or chilled witloff chicory decreased by -39.4% to 1.6 tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 456% against the previous year. As a result, the exports reached the peak of 2.7 tons, and then reduced markedly in the following year.
In value terms, fresh or chilled witloff chicory exports contracted significantly to $7.8K in 2022. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 549%. As a result, the exports attained the peak of $13K, and then fell notably in the following year.
| Export of Fresh or Chilled Witloff Chicory in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 0.4 | 1.8 | 11.5 | 6.4 | 152.0% |
| Indonesia | 0.1 | 0.2 | 2.0 | 1.4 | 141.0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.5 | 2.1 | 13.4 | 7.8 | 149.9% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Singapore in 2022:
- Malaysia (1140.0 kg)
- Indonesia (510.0 kg)
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