Belgium: Chicory Market 2024

Chicory Market Size in Belgium

The Belgian chicory market expanded slightly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. Chicory consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Chicory Production in Belgium

In value terms, chicory production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, faced a sharp descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of chicory in Belgium stood at X tons per ha in 2022, leveling off at 2021. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the average chicory yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of chicory were harvested in Belgium; growing by X% against 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to chicory production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Chicory Exports

Exports from Belgium

Chicory exports from Belgium surged to X tons in 2022, with an increase of X% compared with the year before. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, chicory exports soared to $X in 2022. In general, exports posted significant growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of chicory exports from Belgium, together comprising X% of total exports. Hungary, France, Switzerland, Germany, Italy and Spain lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chicory exported from Belgium were the United States ($X), the Netherlands ($X) and Hungary ($X), together accounting for X% of total exports. The UK, France, Switzerland, Germany, Italy and Spain lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chicory export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chicory Imports

Imports into Belgium

In 2022, imports of chicory into Belgium amounted to X tons, remaining relatively unchanged against the year before. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, chicory imports stood at $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of chicory to Belgium, with a X% share of total imports. Moreover, chicory imports from India exceeded the figures recorded by the second-largest supplier, Hungary (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Germany (X.0% per year).

In value terms, India ($X) constituted the largest supplier of chicory to Belgium, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average chicory import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 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 India ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Source: IndexBox Platform

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