Spain - Chicory - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChicory Price in Spain - 2023
Contents:
- Chicory Price in Spain (CIF) - 2023
- Chicory Price in Spain (FOB) - 2022
- Chicory Imports in Spain
- Chicory Exports in Spain
Chicory Price in Spain (CIF) - 2023
In September 2023, the average chicory import price amounted to $1,990 per ton, falling by -44.5% against the previous month. In general, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in December 2022 an increase of 391% against the previous month. The import price peaked at $4,581 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($3,439 per ton), while the price for India ($880 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Chicory Price in Spain (FOB) - 2022
In 2022, the average chicory export price amounted to $13,333 per ton, growing by 58% against the previous year. In general, the export price recorded a tangible expansion. The growth pace was the most rapid in 2013 when the average export price increased by 223% against the previous year. As a result, the export price reached the peak level of $30,453 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +0.8% per year.
Chicory Imports in Spain
In 2022, the amount of chicory imported into Spain skyrocketed to 787 tons, with an increase of 55% compared with 2021 figures. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 205% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, chicory imports soared to $2.1M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 636%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Chicory in Spain (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | N/A | N/A | 1,084 | 1,769 | 63.2% |
India | N/A | 61.0 | 132 | 281 | 114.6% |
France | 81.3 | 116 | 73.7 | 59.2 | -10.0% |
Netherlands | N/A | N/A | N/A | 39.4 | 0% |
Others | 0.9 | N/A | 15.7 | 0.2 | -39.4% |
Total | 82.3 | 177 | 1,306 | 2,149 | 196.7% |
Top Suppliers of Chicory to Spain in 2022:
- Hungary (353.7 tons)
- India (343.8 tons)
- France (55.0 tons)
- Netherlands (34.0 tons)
Chicory Exports in Spain
After two years of growth, shipments abroad of chicory decreased by -98.6% to 3 kg in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 22,100% against the previous year. As a result, the exports reached the peak of 222 kg, and then dropped remarkably in the following year.
In value terms, chicory exports dropped rapidly to $40 in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 16,882% against the previous year. As a result, the exports reached the peak of $1.9K, and then reduced markedly in the following year.
Export of Chicory in Spain (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
France | 11.0 | 1,851 | 20.0 | 34.8% | |
Others | N/A | 17.0 | 20.0 | 17.6% | |
Total | 11.0 | 1,868 | 40.0 | 90.7% |
Top Export Markets for Chicory from Spain in 2022:
- France (3.0 kg)
This report provides an in-depth analysis of the chicory market in Spain. 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 2030.
Product coverage:
- FCL 459 - Chicory roots
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In June 2023, chicory imports saw a remarkable 463% month-on-month growth, with a significant increase in value to $143K by September 2023.
In October 2022, the chicory price amounted to $3,379 per ton (CIF, Spain), shrinking by -22.2% against the previous month.
Sugar Crop exports reached a peak of 23K tons in 2022 before experiencing a sharp decline in the following year. The value of exports also significantly dropped to $8.1M in 2023.
The Sugar Crop exports reached a peak of 23K tons in 2022, but experienced a sharp decline in the following year. In terms of value, exports of Sugar Crop plummeted to $8.1M in 2023.
Carob exports reached a peak of 22K tons in 2022, but then saw a rapid decline in the following year. In terms of value, Carob exports plummeted to $7.6M in 2023.
Carob exports reached a peak of 22K tons in 2022 but significantly decreased in the following year, with values dropping to $7.6M in 2023.
In September 2023, carob exports saw a 95% month-to-month growth, reaching a value of $827K in November 2023.
Carob prices in December 2022 were $363 per ton (FOB, Spain), a 31% decrease from the previous month.
In December 2022, ethanal prices decreased 5.2% to $1,487 per ton CIF in Spain from the previous month.
Global chicory consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.