Europe: Chicory Market 2024

Chicory Market Size in Europe

The Europe chicory market rose slightly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a deep downturn. 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 Europe

In value terms, chicory production amounted to $X in 2022 estimated in export price. In general, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked 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 Europe, accounting for X% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, France (X tons), more than tenfold. Poland (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Belgium totaled X%. In the other countries, the average annual rates were as follows: France (X% per year) and Poland (X% per year).

In 2022, the average yield of chicory in Europe was estimated at X tons per ha, standing approx. at the previous year. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the chicory yield hit record highs in 2022 and is likely to see gradual growth in the immediate term. 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 Europe totaled X ha, approximately equating 2021. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Chicory Exports

Exports in Europe

Chicory exports reduced notably to X tons in 2022, waning by X% against 2021. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, chicory exports dropped significantly to $X in 2022. In general, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted markedly in the following year.

Exports by Country

The shipments of the four major exporters of chicory, namely Belgium, France, Poland and Hungary, represented more than two-thirds of total export. It was distantly followed by the Netherlands (X tons), constituting a X% share of total exports. Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

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

In Hungary, chicory exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced a decline in the export price figures.

Chicory Imports

Imports in Europe

For the fourth year in a row, Europe recorded growth in purchases abroad of chicory, which increased by X% to X tons in 2022. Over the period under review, imports posted a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, chicory imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

The purchases of the nine major importers of chicory, namely Switzerland, Spain, Russia, Germany, Hungary, the Netherlands, the UK, Italy and Belgium, represented more than two-thirds 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 Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chicory importing markets in Europe were Spain ($X), Switzerland ($X) and the Netherlands ($X), together comprising X% of total imports. Germany, Italy, Russia, Hungary, the UK and Belgium lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Spain ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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