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

Contents:

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

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

In 2022, the average export price for fresh or chilled chicory, other than witloof chicory amounted to $1,566 per ton, rising by 220% against the previous year. Overall, the export price posted a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($9,819 per ton), while the average price for exports to Lao People's Democratic Republic ($231 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 Malaysia (+3.1%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for fresh or chilled chicory, other than witloof chicory amounted to $3,923 per ton, surging by 41% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2017 when the average import price increased by 150%. Over the period under review, average import prices attained the peak figure at $9,717 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($153,750 per ton), while the price for Italy ($5,692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+788.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, overseas shipments of fresh or chilled chicory, other than witloof chicory decreased by -54.9% to 83 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 74%. As a result, the exports attained the peak of 202 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fresh or chilled chicory, other than witloof chicory surged to $130K in 2022. The total export value increased at an average annual rate of +9.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fresh or Chilled Chicory, Other than Witloof Chicory in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
QatarN/AN/AN/A53.80%
Singapore77.697.789.640.4-19.6%
BahrainN/AN/AN/A32.80%
Lao People's Democratic RepublicN/AN/A0.11.21100.0%
Malaysia22.43.70.1N/A-93.3%
Others0.10.3N/A1.3135.1%
Total10010289.81309.1%

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

  1. Singapore (68.3 tons)
  2. Qatar (5.5 tons)
  3. Lao People's Democratic Republic (5.3 tons)
  4. Bahrain (3.5 tons)

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

For the third year in a row, Thailand recorded decline in purchases abroad of fresh or chilled chicory, other than witloof chicory, which decreased by -60% to 380 kg in 2022. Overall, imports showed a precipitous decline. The smallest decline of -5.1% was in 2020.

In value terms, imports of fresh or chilled chicory, other than witloof chicory soared to $4.5K in 2022. Over the period under review, imports continue to indicate a dramatic descent.

Import of Fresh or Chilled Chicory, Other than Witloof Chicory in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/A0.42.2450.0%
GermanyN/AN/AN/A1.20%
Australia5.27.0N/A0.9-44.3%
ItalyN/A0.70.80.2-46.5%
New Zealand3.20.8N/AN/A-75.0%
China1.2N/AN/AN/A0%
France6.12.71.5N/A-50.4%
OthersN/AN/AN/AN/A0%
Total15.811.22.64.5-34.2%

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

  1. Spain (257.0 kg)
  2. Australia (76.0 kg)
  3. Italy (39.0 kg)
  4. Germany (8.0 kg)

Source: IndexBox Market Intelligence Platform

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