Eastern Europe: Chicory Market 2024

Chicory Market Size in Eastern Europe

In 2022, the East European chicory market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Chicory Production in Eastern Europe

In value terms, chicory production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The country with the largest volume of chicory production was Poland (X tons), accounting for X% of total volume. Moreover, chicory production in Poland exceeded the figures recorded by the second-largest producer, Ukraine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume in Poland stood at X%. The remaining producing countries recorded the following average annual rates of production growth: Ukraine (X% per year) and Hungary (X% per year).

In 2022, the average yield of chicory in Eastern Europe amounted to X tons per ha, flattening at 2021. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the chicory 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, the total area harvested in terms of chicory production in Eastern Europe shrank modestly to X ha, which is down by X% against the previous year. In general, the harvested area saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2022, the growth of the chicory harvested area remained at a somewhat lower figure.

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Chicory Exports

Exports in Eastern Europe

Chicory exports skyrocketed to X tons in 2022, rising by X% on 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, chicory exports surged to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from Poland (X tons) and Hungary (X tons), together finishing at X% of total export.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%).

In value terms, Hungary ($X) remains the largest chicory supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Hungary amounted to X%.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland amounted to $X per ton.

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

Chicory Imports

Imports in Eastern Europe

In 2022, chicory imports in Eastern Europe expanded notably to X tons, increasing by X% on the previous year. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, chicory imports fell to $X in 2022. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) and Hungary (X tons) were the largest importers of chicory in Eastern Europe, together making up X% of total imports. It was distantly followed by the Czech Republic (X tons) and Poland (X tons), together creating a X% share of total imports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Hungary ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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