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United Kingdom - Chicory - Market Analysis, Forecast, Size, Trends and Insights
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United Kingdom: Chicory Market Overview 2021

Chicory Market Size in the UK

In 2020, the UK chicory market decreased by -X% to $X, falling for the fourth year in a row after five years of growth. Over the period under review, consumption, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Chicory consumption peaked at $X in 2016; however, from 2017 to 2020, consumption stood at a somewhat lower figure.

Chicory Exports

Exports from the UK

In 2020, shipments abroad of chicory was finally on the rise to reach X tonnes for the first time since 2013, thus ending a six-year declining trend. Overall, exports showed a relatively flat trend pattern. Over the period under review, exports reached the maximum at X tonnes in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, chicory exports declined slightly to $X in 2020. in general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% year-to-year. Exports peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Norway (X tonnes) was the main destination for chicory exports from the UK, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Norway amounted to +X%.

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

From 2012 to 2020, the average annual growth rate of value to Norway stood at +X%.

Export Prices by Country

The average chicory export price stood at $X per tonne in 2020, which is down by -X% against the previous year. in general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne, and then dropped sharply in the following year.

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

From 2012 to 2020, the rate of growth in terms of prices for Norway amounted to +X% per year.

Chicory Imports

Imports into the UK

In 2020, purchases abroad of chicory decreased by -X% to X tonnes, falling for the fourth consecutive year after five years of growth. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X tonnes in 2016; however, from 2017 to 2020, imports failed to regain the momentum.

In value terms, chicory imports fell rapidly to $X in 2020. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

Belgium (X tonnes), the Netherlands (X tonnes) and Poland (X tonnes) were the main suppliers of chicory imports to the UK, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Poland ($X) constituted the largest chicory suppliers to the UK, together accounting for X% of total imports.

Poland (+X% per year) recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average chicory import price stood at $X per tonne in 2020, surging by X% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. in 2020, the country with the highest price was Poland ($X per tonne), while the price for Belgium ($X per tonne) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?
+
Belgium (311K tonnes) remains the largest chicory consuming country worldwide, accounting for 67% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands (51K tonnes), sixfold. The third position in this ranking was occupied by France (39K tonnes), with a 8.5% share.
What are the largest producers of chicory in the world?
+
The country with the largest volume of chicory production was Belgium (312K tonnes), comprising approx. 68% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands (53K tonnes), sixfold. France (40K tonnes) ranked third in terms of total production with a 8.6% share.
What are the leading suppliers of chicory to the UK?
+
In value terms, Belgium ($28K), the Netherlands ($21K) and Poland ($3.4K) constituted the largest chicory suppliers to the UK, together comprising 99% of total imports.
What are the leading importers of chicory from the UK?
+
In value terms, Norway ($5K) remains the key foreign market for chicory exports from the UK.
What is the average export price for chicory in the UK?
+
The average chicory export price stood at $3,447 per tonne in 2020, waning by -38% against the previous year.
What is the average import price for chicory in the UK?
+
In 2020, the average chicory import price amounted to $1,233 per tonne, picking up by 13% against the previous year.

Product coverage:
• FCL 459 - Chicory roots

This report provides an in-depth analysis of the chicory market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• United Kingdom

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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