India: Chicory Market Overview 2021

Chicory Market Size in India

The Indian chicory market amounted to $X in 2018, standing approx. at the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; afterwards, it flattened through to 2018.

Chicory Production in India

In value terms, chicory production shrank significantly to $X in 2019 estimated in export prices. In general, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Chicory production peaked at $X in 2012; however, from 2013 to 2019, production stood at a somewhat lower figure.

In 2019, the average chicory yield in India was estimated at X kg per ha, stabilizing at the previous year. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The chicory harvested area in India was estimated at X ha in 2019, remaining constant against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Chicory Exports

Exports from India

In 2019, overseas shipments of chicory increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X tonnes in 2015; however, from 2016 to 2019, exports remained at a lower figure.

In value terms, chicory exports soared to $X in 2019. In general, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by X% year-to-year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tonnes), Hungary (X tonnes) and Portugal (X tonnes) were the main destinations of chicory exports from India, with a combined X% share of total exports. These countries were followed by Italy, Belgium, Germany and China, which together accounted for a further X 2012 to 2019, the biggest increases were in Italy, while shipments for the other leaders experienced mixed trend patterns.

In value terms, South Africa ($X), Hungary ($X) and Portugal ($X) were the largest markets for chicory exported from India worldwide, together comprising X% of total exports. Italy, Germany, China and Belgium lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% year-to-year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was China ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Chicory Imports

Imports into India

In 2019, overseas purchases of chicory increased by X% to X tonnes for the first time since 2015, thus ending a three-year declining trend. Overall, imports enjoyed resilient growth. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

In value terms, chicory imports soared to $X in 2019. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2016 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2018, Croatia (X tonnes) was the main chicory supplier to India, with a approx. X% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Croatia was relatively modest.

In value terms, Croatia ($X) constituted the largest supplier of chicory to India.

From 2012 to 2018, the average annual growth rate of value from Croatia was relatively modest.

Import Prices by Country

In 2018, the average chicory import price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Croatia.

From 2012 to 2018, the rate of growth in terms of prices for Croatia amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

+

The country with the largest volume of chicory consumption was Belgium (376K tonnes), comprising approx. 72% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (54K tonnes), sevenfold. The third position in this ranking was occupied by France (36K tonnes), with a 6.9% share.

What are the largest producers of chicory in the world?

+

Belgium (376K tonnes) constituted the country with the largest volume of chicory production, accounting for 73% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (56K tonnes), sevenfold. The third position in this ranking was occupied by France (36K tonnes), with a 7% share.

What are the leading suppliers of chicory to India?

+

In value terms, Croatia ($11K) constituted the largest supplier of chicory to India.

What are the leading importers of chicory from India?

+

In value terms, the largest markets for chicory exported from India were South Africa ($49K), Hungary ($31K) and Portugal ($13K), together comprising 67% of total exports. These countries were followed by Italy, Germany, China and Belgium, which together accounted for a further 20%.

What is the average export price for chicory in India?

+

The average chicory export price stood at $6,101 per tonne in 2019, remaining stable against the previous year.

What is the average import price for chicory in India?

+

In 2018, the average chicory import price amounted to $5,378 per tonne, with an increase of 111% against the previous year.