Price for Fresh or Chilled Witloff Chicory in the UK - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in the UK (CIF) - 2023
- Price for Fresh or Chilled Witloff Chicory in the UK (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in the UK
- Exports of Fresh or Chilled Witloff Chicory in the UK
Price for Fresh or Chilled Witloff Chicory in the UK (CIF) - 2023
The average import price for fresh or chilled witloff chicory stood at $2,501 per ton in June 2023, with an increase of 23% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 32% m-o-m. Over the period under review, average import prices hit record highs at $3,568 per ton in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($2,503 per ton), while the price for the Netherlands stood at $2,471 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.5%).
Price for Fresh or Chilled Witloff Chicory in the UK (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $2,000 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price enjoyed a measured expansion. The pace of growth was the most pronounced in 2018 an increase of 61% against the previous year. The export price peaked at $2,741 per ton in 2019; however, from 2020 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 the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +17.0% per year.
Imports of Fresh or Chilled Witloff Chicory in the UK
In 2022, after two years of decline, there was significant growth in overseas purchases of fresh or chilled witloff chicory, when their volume increased by 314% to 1.7K tons. Over the period under review, imports saw a prominent increase. 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 surged to $1.2M in 2022. Overall, imports continue to indicate modest growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Witloff Chicory in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 64.6 | 8.2 | 10.9 | 697 | 121.0% |
| Netherlands | 961 | 229 | 97.9 | 516 | -18.7% |
| France | 93.6 | 15.0 | 25.7 | 2.9 | -68.6% |
| Others | 64.0 | 589 | 429 | 24.1 | -27.8% |
| Total | 1,184 | 841 | 564 | 1,240 | 1.6% |
Top Suppliers of Fresh or Chilled Witloff Chicory to the UK in 2022:
- Italy (1013.0 tons)
- Netherlands (690.3 tons)
- France (1.7 tons)
Exports of Fresh or Chilled Witloff Chicory in the UK
In 2022, after two years of decline, there was decline in overseas shipments of fresh or chilled witloff chicory, when their volume decreased by 0% to 15 kg. Over the period under review, exports recorded a sharp reduction. The smallest decline of 99.9% was in 2020.
In value terms, fresh or chilled witloff chicory exports amounted to $30 in 2022. Overall, exports recorded a dramatic decrease. The smallest decline of 99.9% was in 2020.
| Export of Fresh or Chilled Witloff Chicory in the UK (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 46.0 | N/A | N/A | 30.0 | -13.3% |
| Spain | 1,374 | N/A | N/A | N/A | 0% |
| Ireland | 1,561 | N/A | N/A | N/A | 0% |
| Slovenia | 113 | N/A | N/A | N/A | 0% |
| United States | 403 | N/A | N/A | N/A | 0% |
| Denmark | 216 | N/A | N/A | N/A | 0% |
| Others | 549 | N/A | N/A | N/A | 0% |
| Total | 4,262 | N/A | N/A | 30.0 | -80.8% |
Top Export Markets for Fresh or Chilled Witloff Chicory from the UK in 2022:
- Netherlands (15.0 kg)
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