Price for Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea - 2022
Contents:
- Price for Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea (CIF) - 2022
- Price for Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea (FOB) - 2022
- Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea
- Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea
Price for Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea (CIF) - 2022
The average import price for fresh or chilled chicory, other than witloof chicory stood at $5,546 per ton in December 2022, growing by 4.3% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in July 2022 an increase of 44% month-to-month. As a result, import price reached the peak level of $7,151 per ton. From August 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the Netherlands ($11,323 per ton), while the price for the United States ($4,483 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), 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 South Korea (FOB) - 2022
The average export price for fresh or chilled chicory, other than witloof chicory stood at $2,678 per ton in 2022, which is down by -33.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 120%. The export price peaked at $5,184 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,159 per ton), while the average price for exports to Mongolia ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea
In 2022, imports of fresh or chilled chicory, other than witloof chicory into South Korea contracted notably to 591 tons, waning by -26% against the previous year's figure. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 2.7%.
In value terms, imports of fresh or chilled chicory, other than witloof chicory dropped significantly to $2.3M in 2022. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 1.9%. As a result, imports attained the peak of $3M, and then shrank dramatically in the following year.
| Import of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,173 | 2,408 | 2,343 | 1,737 | -7.2% |
| Belgium | 450 | 394 | 520 | 410 | -3.1% |
| Spain | 126 | 79.4 | 61.6 | 66.2 | -19.3% |
| Taiwan (Chinese) | 18.0 | 7.9 | N/A | 3.4 | -42.6% |
| Others | 130 | 38.7 | 60.2 | 38.7 | -33.2% |
| Total | 2,897 | 2,928 | 2,985 | 2,255 | -8.0% |
Top Suppliers of Fresh or Chilled Chicory, Other than Witloof Chicory to South Korea in 2022:
- United States (496.2 tons)
- Belgium (70.8 tons)
- Spain (10.1 tons)
- Taiwan (Chinese) (8.8 tons)
Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea
In 2022, the amount of fresh or chilled chicory, other than witloof chicory exported from South Korea fell significantly to 119 kg, waning by -94.8% on 2021. In general, exports faced a precipitous curtailment. The smallest decline of -48% was in 2021.
In value terms, exports of fresh or chilled chicory, other than witloof chicory dropped markedly to $311 in 2022. Over the period under review, exports continue to indicate a dramatic shrinkage. The smallest decline of -44.2% was in 2020.
| Export of Fresh or Chilled Chicory, Other than Witloof Chicory in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 17.8 | 14.8 | 7.7 | 0.3 | -74.4% |
| Malaysia | N/A | N/A | 0.8 | N/A | 0% |
| United States | 2.1 | N/A | N/A | N/A | 0% |
| Mongolia | 8.5 | 1.9 | N/A | N/A | -77.6% |
| Singapore | N/A | 0.5 | 0.3 | N/A | -40.0% |
| Northern Mariana Islands | 1.7 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 0.1 | N/A | N/A | -90.9% |
| Total | 31.3 | 17.4 | 8.9 | 0.3 | -78.8% |
Top Export Markets for Fresh or Chilled Chicory, Other than Witloof Chicory from South Korea in 2022:
- Hong Kong SAR (88.0 kg)
- Malaysia (25.0 kg)
- Northern Mariana Islands (1.0 kg)
- Singapore (1.0 kg)
- Mongolia (1.0 kg)
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