Thailand: Chicory Market Overview 2021

Chicory Market Size in Thailand

In value terms, chicory production surged to $X in 2019 estimated in export prices. Overall, production posted a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Chicory Production in Thailand

The average yield of chicory in Thailand amounted to X kg per ha in 2019, leveling off at 2018 figures. Overall, 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.

In 2019, the total area harvested in terms of chicory production in Thailand amounted to X ha, remaining stable against the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Chicory Exports

Exports from Thailand

For the eighth year in a row, Thailand recorded growth in shipments abroad of chicory, which increased by X% to X kg in 2019. In general, exports posted a significant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chicory exports skyrocketed to $X in 2019. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for chicory exports from Thailand, with a approx. X% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany amounted to +X%.

In value terms, Germany ($X) also remains the key foreign market for chicory exports from Thailand.

From 2012 to 2019, the average annual growth rate of value to Germany amounted to +X%.

Export Prices by Country

In 2019, the average chicory export price amounted to $X per tonne, with a decrease of -X% against the previous year. Over the period under review, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2019, the rate of growth in terms of prices for Germany amounted to -X% per year.

Chicory Imports

Imports into Thailand

In 2019, approx. X kg of chicory were imported into Thailand; flattening at 2018 figures. Overall, imports saw a measured expansion. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. As a result, imports reached the peak of X tonnes. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, chicory imports stood at $X in 2019. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2013, the U.S. (X tonnes) was the main chicory supplier to Thailand, with a approx. X% share of total imports.

From 2012 to 2013, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of chicory to Thailand.

From 2012 to 2013, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

The average chicory import price stood at $X per tonne in 2013, growing by X% against the previous year. Over the last one-year period, it increased at an average annual rate of +X%. 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 the U.S..

From 2012 to 2013, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

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Belgium (376K tonnes) constituted the country with the largest volume of chicory consumption, 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?

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Belgium (376K tonnes) remains the largest chicory producing country worldwide, comprising approx. 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 Thailand?

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In value terms, the U.S. ($14K) constituted the largest supplier of chicory to Thailand.

What are the leading importers of chicory from Thailand?

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In value terms, Germany ($408) remains the key foreign market for chicory exports from Thailand.

What is the average export price for chicory in Thailand?

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In 2019, the average chicory export price amounted to $3,032 per tonne, which is down by -47.7% against the previous year.

What is the average import price for chicory in Thailand?

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The average chicory import price stood at $3,753 per tonne in 2013, growing by 15% against the previous year.