Price for Fresh or Chilled Witloff Chicory in South Korea - 2022
Contents:
- Price for Fresh or Chilled Witloff Chicory in South Korea (CIF) - 2022
- Imports of Fresh or Chilled Witloff Chicory in South Korea
Price for Fresh or Chilled Witloff Chicory in South Korea (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $6,768 per ton, approximately mirroring the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($10,938 per ton), while the price for Belgium stood at $6,414 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fresh or Chilled Witloff Chicory in South Korea
In 2022, supplies from abroad of fresh or chilled witloff chicory decreased by 0% to 10 tons, falling for the second year in a row after two years of growth. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 345% against the previous year. As a result, imports attained the peak of 15 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fresh or chilled witloff chicory imports totaled $68K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 228%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Fresh or Chilled Witloff Chicory in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 7.9 | 2.0 | N/A | 59.6 | 96.1% |
| Netherlands | 3.7 | 5.8 | N/A | 8.6 | 32.5% |
| United States | 6.0 | 11.6 | N/A | N/A | 93.3% |
| Taiwan (Chinese) | N/A | 41.1 | N/A | N/A | 0% |
| Italy | 2.0 | 3.7 | N/A | N/A | 85.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 19.6 | 64.3 | N/A | 68.3 | 51.6% |
Top Suppliers of Fresh or Chilled Witloff Chicory to South Korea in 2022:
- Belgium (9.3 tons)
- Netherlands (0.8 tons)
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