Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Nigeria - 2022

Contents:

  1. Price for Fresh or Chilled Chicory, Other than Witloof Chicory in Nigeria (CIF) - 2022
  2. Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in Nigeria

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

In 2022, the average import price for fresh or chilled chicory, other than witloof chicory amounted to $6,358 per ton, increasing by 76% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 177% against the previous year. The import price peaked at $7,682 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($6,185 per ton), while the price for France ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+58.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, after three years of growth, there was significant decline in overseas purchases of fresh or chilled chicory, other than witloof chicory, when their volume decreased by -67.8% to 165 kg. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 145% against the previous year. As a result, imports attained the peak of 513 kg, and then dropped dramatically in the following year.

In value terms, imports of fresh or chilled chicory, other than witloof chicory declined markedly to $942 in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 296%. As a result, imports reached the peak of $1.9K, and then dropped significantly in the following year.

Import of Fresh or Chilled Chicory, Other than Witloof Chicory in Nigeria (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1312151,46166872.1%
Luxembourg1821902461982.8%
United Arab EmiratesN/AN/AN/A42.00%
FranceN/A64.014834.0-27.1%
OthersN/AN/AN/AN/A0%
Total3134691,85594244.4%

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

  1. Netherlands (108.0 kg)
  2. Luxembourg (33.0 kg)
  3. France (17.0 kg)
  4. United Arab Emirates (7.0 kg)

Source: IndexBox Market Intelligence Platform

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