Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia - 2024

Contents:

  1. Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (CIF) - 2022
  2. Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (FOB) - 2022
  3. Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia
  4. Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia

Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (CIF) - 2022

In 2022, the average import price for fresh or chilled chicory, other than witloof chicory amounted to $5,181 per ton, with a decrease of -7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 117% against the previous year. As a result, import price reached the peak level of $6,305 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,477 per ton), while the price for the Netherlands stood at $5,108 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (FOB) - 2022

In 2022, the average export price for fresh or chilled chicory, other than witloof chicory amounted to $7,047 per ton, increasing by 37% against the previous year. In general, the export price recorded a moderate expansion. The pace of growth appeared the most rapid in 2015 an increase of 370%. The export price peaked at $9,739 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($7,132 per ton), while the average price for exports to Lithuania totaled $4,792 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+16.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia

In 2022, supplies from abroad of fresh or chilled chicory, other than witloof chicory decreased by -31.9% to 6.5 tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -38.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 81%. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fresh or chilled chicory, other than witloof chicory dropped significantly to $33K in 2022. Overall, imports continue to indicate a perceptible decline. The growth pace was the most rapid in 2020 when imports increased by 54%. As a result, imports reached the peak of $57K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.85.922.732.560.9%
Germany3.13.528.51.0-31.4%
BulgariaN/A2.00.5N/A-75.0%
SpainN/A1.10.4N/A-63.6%
Sweden23.116.3N/AN/A-29.4%
Italy2.727.60.8N/A-45.6%
OthersN/A0.2N/AN/A0%
Total36.856.552.933.5-3.1%

Top Suppliers of Fresh or Chilled Chicory, Other than Witloof Chicory to Latvia in 2022:

  1. Netherlands (6.4 tons)
  2. Germany (0.1 tons)

Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia

In 2022, overseas shipments of fresh or chilled chicory, other than witloof chicory decreased by -35.1% to 666 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,986% against the previous year. As a result, the exports attained the peak of 1.2 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fresh or chilled chicory, other than witloof chicory reduced to $4.7K in 2022. In general, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 1,378%.

Export of Fresh or Chilled Chicory, Other than Witloof Chicory in Latvia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Estonia0.21.24.84.6184.4%
LithuaniaN/AN/AN/A0.10%
BelarusN/A2.00.5N/A-75.0%
OthersN/AN/AN/AN/A0%
Total0.23.15.34.7186.4%

Top Export Markets for Fresh or Chilled Chicory, Other than Witloof Chicory from Latvia in 2022:

  1. Estonia (642.0 kg)
  2. Lithuania (24.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Chicory (cichorium spp.), (other than witloof chicory), fresh or chilled - Latvia