Benelux: Chicory Market 2024

Chicory Market Size in Benelux

The Benelux chicory market rose slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chicory Production in Benelux

In value terms, chicory production reached $X in 2022 estimated in export price. Overall, production, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Belgium (X tons) remains the largest chicory producing country in Benelux, accounting for X% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (X tons), more than tenfold.

In Belgium, chicory production increased at an average annual rate of X% over the period from 2012-2022.

In 2022, the average chicory yield in Benelux was estimated at X tons per ha, approximately reflecting the previous year. In general, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of yield peaked at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the chicory harvested area in Benelux expanded to X ha, with an increase of X% against 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

Chicory Exports

Exports in Benelux

In 2022, the amount of chicory exported in Benelux reduced remarkably to X tons, waning by X% compared with 2021 figures. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, chicory exports shrank significantly to $X in 2022. Over the period under review, exports, however, recorded mild growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Belgium was the key exporter of chicory in Benelux, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports.

Belgium was also the fastest-growing in terms of the chicory exports, with a CAGR of X% from 2012 to 2022. The Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by X percentage points.

In value terms, Belgium ($X) emerged as the largest chicory supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Belgium, chicory exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

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

Chicory Imports

Imports in Benelux

In 2022, imports of chicory in Benelux surged to X tons, picking up by X% on 2021 figures. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, chicory imports surged to $X in 2022. In general, imports showed a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of chicory imports in 2022 were the Netherlands (X tons) and Belgium (X tons), together recording X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%).

In value terms, the Netherlands ($X) constitutes the largest market for imported chicory in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

In the Netherlands, chicory imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

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

Source: IndexBox Platform

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