India: Chicory Market Overview 2021

Chicory Market Size in India

The Indian chicory market was estimated at $X in 2019, therefore, remained relatively stable against the previous year. In general, consumption showed a relatively flat trend pattern. Chicory consumption peaked at $X in 2014; afterwards, it flattened through to 2019.

Chicory Production in India

In value terms, chicory production soared to $X in 2020 estimated in export prices. In general, production enjoyed buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

The average yield of chicory in India amounted to X kg per ha in 2020, remaining stable against 2019. Overall, the yield showed 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.

In 2020, approx. X ha of chicory were harvested in India; stabilizing at 2019 figures. In general, the harvested area continues to indicate a relatively flat trend pattern.

Chicory Exports

Exports from India

In 2020, shipments abroad of chicory increased by X% to X tonnes, rising for the third year in a row after two years of decline. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to continue growth in the immediate term.

In value terms, chicory exports skyrocketed to $X in 2020. In general, exports posted perceptible growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, exports attained the maximum in 2020 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X tonnes), Portugal (X tonnes) and South Africa (X tonnes) were the main destinations of chicory exports from India, together accounting for X% of total exports. These countries were followed by Spain, Belgium, Italy and Latvia, which together accounted for a further X 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Portugal ($X) and Belgium ($X) constituted the largest markets for chicory exported from India worldwide, together accounting for X% of total exports. These countries were followed by Spain, Italy, South Africa and Latvia, which together accounted for a further X terms of the main countries of destination, Latvia (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average chicory export price amounted to $X per tonne, leveling off at the previous year. In general, the export price, however, saw a deep contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. from 2014 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Italy ($X per tonne), while the average price for exports to South Africa ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Chicory Imports

Imports into India

In 2020, supplies from abroad of chicory increased by X% to X tonnes, rising for the second consecutive year after three years of decline. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, chicory imports stood at $X in 2020. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2015 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2016 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2018, the average annual rate of growth in terms 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, increasing by X% against the previous year. In general, the import price recorded a significant increase. As a result, import price reached 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 Platform