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Canada - Chicory - Market Analysis, Forecast, Size, Trends and Insights
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Canada: Chicory Market Overview 2021

Chicory Market Size in Canada

In 2020, the Canadian chicory market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption, however, posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2019, and then shrank in the following year.

Chicory Exports

Exports from Canada

After two years of decline, overseas shipments of chicory increased by X% to X tonnes in 2020. Overall, exports continue to indicate a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chicory exports soared to $X in 2020. Over the period under review, exports saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2018 to 2020, the growth exports remained at a lower figure.

Exports by Country

The U.S. (X tonnes) was the main destination for chicory exports from Canada, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the U.S. amounted to +X%.

In value terms, the U.S. ($X) also remains the key foreign market for chicory exports from Canada.

From 2012 to 2020, the average annual rate of growth in terms of value to the U.S. stood at +X%.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2020, which is down by -X% against the previous year. Overall, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

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

From 2012 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Chicory Imports

Imports into Canada

After two years of growth, supplies from abroad of chicory decreased by -X% to X tonnes in 2020. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2019, and then fell modestly in the following year.

In value terms, chicory imports fell slightly to $X in 2020. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% year-to-year. Imports peaked at $X in 2019, and then shrank modestly in the following year.

Imports by Country

In 2020, Belgium (X tonnes) constituted the largest chicory supplier to Canada, with a X% share of total imports. Moreover, chicory imports from Belgium exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fivefold.

From 2012 to 2020, the average annual rate of growth in terms of volume from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and India (+X% per year).

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

From 2012 to 2020, the average annual rate of growth in terms of value from Belgium stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

The average chicory import price stood at $X per tonne in 2020, remaining constant against the previous year. In general, the import price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?
+
Belgium (311K tonnes) remains the largest chicory consuming country worldwide, comprising approx. 67% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (51K tonnes), sixfold. The third position in this ranking was occupied by France (40K tonnes), with a 8.6% share.
What are the largest producers of chicory in the world?
+
The country with the largest volume of chicory production was Belgium (312K tonnes), comprising approx. 68% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (53K tonnes), sixfold. The third position in this ranking was occupied by France (40K tonnes), with a 8.6% share.
What are the leading suppliers of chicory to Canada?
+
In value terms, Belgium ($167K) constituted the largest supplier of chicory to Canada, comprising 70% of total imports. The second position in the ranking was occupied by India ($45K), with a 19% share of total imports.
What are the leading importers of chicory from Canada?
+
In value terms, the U.S. ($11K) remains the key foreign market for chicory exports from Canada.
What is the average export price for chicory in Canada?
+
In 2020, the average chicory export price amounted to $1,870 per tonne, falling by -43.3% against the previous year.
What is the average import price for chicory in Canada?
+
In 2020, the average chicory import price amounted to $971 per tonne, approximately mirroring the previous year.

Product coverage:
• FCL 459 - Chicory roots

This report provides an in-depth analysis of the chicory market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Canada

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
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