Price for Fresh or Chilled Witloff Chicory in Switzerland - 2023

Price for Fresh or Chilled Witloff Chicory in Switzerland (CIF) - 2023

The average import price for fresh or chilled witloff chicory stood at $3,654 per ton in August 2023, surging by 1.9% against the previous month. Overall, import price indicated a moderate expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, fresh or chilled witloff chicory import price increased by +6.1% against June 2023 indices. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 40% month-to-month. The import price peaked at $4,556 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($6,801 per ton), while the price for Belgium ($2,731 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Witloff Chicory in Switzerland (FOB) - 2022

The average export price for fresh or chilled witloff chicory stood at $2,519 per ton in 2022, falling by -16.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 89%. Over the period under review, the average export prices attained the peak figure at $3,721 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +8.4% per year.

Imports of Fresh or Chilled Witloff Chicory in Switzerland

Fresh or chilled witloff chicory imports into Switzerland reduced to 2K tons in 2022, which is down by -10.6% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of 2.3K tons, and then contracted in the following year.

In value terms, fresh or chilled witloff chicory imports declined dramatically to $6.7M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of $8.3M, and then shrank remarkably in the following year.

Import of Fresh or Chilled Witloff Chicory in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	3.3	4.7	6.2	5.3	17.1%
Belgium	1.6	1.5	1.3	0.8	-20.6%
France	0.7	0.6	0.8	0.5	-10.6%
Others	N/A	N/A	N/A	0.1	0%
Total	5.6	6.8	8.3	6.7	6.2%

Top Suppliers of Fresh or Chilled Witloff Chicory to Switzerland in 2022:

Netherlands (1488.7 tons)
Belgium (373.9 tons)
France (151.4 tons)

Exports of Fresh or Chilled Witloff Chicory in Switzerland

In 2022, shipments abroad of fresh or chilled witloff chicory decreased by -83.6% to 54 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 184%. As a result, the exports reached the peak of 2.3 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled witloff chicory exports reduced dramatically to $136 in 2022. Over the period under review, exports showed a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 141% against the previous year. As a result, the exports attained the peak of $5K. From 2021 to 2022, the growth of the exports remained at a lower figure.