Latest Report Update: Nov 15, 2021

China - Chicory - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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China: Chicory Market Overview 2021

Chicory Market Size in China

For the third year in a row, the Chinese chicory market recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption saw a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Chicory Exports

Exports from China

In 2020, approx. X kg of chicory were exported from China; falling by -X% against the previous year's figure. In general, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2019 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes, and then declined dramatically in the following year.

In value terms, chicory exports fell rapidly to $X in 2020. Overall, exports saw a sharp reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at $X in 2019, and then fell markedly in the following year.

Exports by Country

Hong Kong SAR (X kg) and Singapore (X kg) were the main destinations of chicory exports from China.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (+X% per year).

In value terms, Hong Kong SAR ($X) and Singapore ($X) were the largest markets for chicory exported from China worldwide.

Hong Kong SAR (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2020, the average chicory export price amounted to $X per tonne, reducing by -X% against the previous year. In general, the export price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. from 2017 to 2020, the growth in terms of the average export prices failed to regain the momentum.

Average prices varied noticeably for the major external markets. In 2020, the country with the highest price was Singapore ($X per tonne), while the average price for exports to Hong Kong SAR totaled $X per tonne.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Singapore.

Chicory Imports

Imports into China

In 2020, overseas purchases of chicory decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports remained at a lower figure.

In value terms, chicory imports dropped rapidly to $X in 2020. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Myanmar (X tonnes), India (X tonnes) and the U.S. (X tonnes) were the main suppliers of chicory imports to China, together comprising X% of total imports.

From 2012 to 2020, the biggest increases were in the U.S., while purchases for the other leaders experienced a decline.

In value terms, the largest chicory suppliers to China were the U.S. ($X), India ($X) and Myanmar ($X), with a combined X% share of total imports.

The U.S. saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average chicory import price stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price recorded a noticeable slump. The pace of growth was the most pronounced in 2014 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the U.S. ($X per tonne), while the price for Myanmar ($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) constituted the country with the largest volume of chicory consumption, accounting for 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 China?
+
In value terms, the U.S. ($6.2K), India ($5.8K) and Myanmar ($4.8K) appeared to be the largest chicory suppliers to China, together comprising 98% of total imports.
What are the leading importers of chicory from China?
+
In value terms, Hong Kong SAR ($179) and Singapore ($135) constituted the largest markets for chicory exported from China worldwide.
What is the average export price for chicory in China?
+
In 2020, the average chicory export price amounted to $4,132 per tonne, which is down by -28.8% against the previous year.
What is the average import price for chicory in China?
+
In 2020, the average chicory import price amounted to $805 per tonne, with a decrease of -3.2% against the previous year.

Product coverage:
• FCL 459 - Chicory roots

This report provides an in-depth analysis of the chicory market in China. 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:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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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