Price for Fresh or Chilled Witloff Chicory in Vietnam - 2021
Contents:
- Price for Fresh or Chilled Witloff Chicory in Vietnam (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Vietnam (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Vietnam
- Exports of Fresh or Chilled Witloff Chicory in Vietnam
Price for Fresh or Chilled Witloff Chicory in Vietnam (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $2,270 per ton, surging by 4.4% against the previous year. In general, the import price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $8,450 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($3,154 per ton), while the price for Belgium ($727 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+27.1%), while the prices for the other major suppliers experienced a decline.
Price for Fresh or Chilled Witloff Chicory in Vietnam (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $1,311 per ton in 2022, approximately reflecting the previous year. Overall, the export price showed a pronounced decline. The growth pace was the most rapid in 2013 when the average export price increased by 549%. The export price peaked at $12,704 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 Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -3.7% per year.
Imports of Fresh or Chilled Witloff Chicory in Vietnam
In 2022, the amount of fresh or chilled witloff chicory imported into Vietnam reached 3.9 tons, therefore, remained relatively stable against 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 661%. As a result, imports attained the peak of 4.9 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fresh or chilled witloff chicory imports totaled $8.9K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 708% against the previous year. As a result, imports reached the peak of $9.4K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Fresh or Chilled Witloff Chicory in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 0.4 | 5.1 | 3.4 | 4.2 | 119.0% |
Australia | 0.6 | 2.2 | 1.3 | 0.4 | -12.6% |
Belgium | 0.1 | 2.1 | 0.2 | 0.2 | 26.0% |
Others | N/A | N/A | 3.5 | 4.2 | 20.0% |
Total | 1.2 | 9.4 | 8.4 | 8.9 | 95.0% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Vietnam in 2022:
- Netherlands (1787.0 kg)
- Belgium (216.0 kg)
- Australia (123.0 kg)
Exports of Fresh or Chilled Witloff Chicory in Vietnam
After three years of growth, shipments abroad of fresh or chilled witloff chicory decreased by -3.1% to 2.6 tons in 2022. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.7% against the previous year. As a result, the exports attained the peak of 2.7 tons, and then reduced slightly in the following year.
In value terms, fresh or chilled witloff chicory exports dropped modestly to $3.5K in 2022. The total export value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 9.6% against the previous year.
Export of Fresh or Chilled Witloff Chicory in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 3.0 | 3.2 | 3.6 | 3.4 | 4.3% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 3.0 | 3.3 | 3.6 | 3.5 | 5.3% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Vietnam in 2022:
- Singapore (2.6 tons)
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