Price for Fresh or Chilled Chicory, Other than Witloof Chicory in the United States - 2024
Contents:
- Price for Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (FOB) - 2024
- Price for Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (CIF) - 2024
- Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States
- Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States
Price for Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (FOB) - 2024
In May 2024, the average export price for fresh or chilled chicory, other than witloof chicory amounted to $2,888 per ton, remaining constant against the previous month. Overall, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in July 2023 an increase of 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,366 per ton in May 2023; however, from June 2023 to May 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In May 2024, the country with the highest price was South Korea ($3,919 per ton), while the average price for exports to Taiwan (Chinese) ($2,194 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.0%), while the prices for the other major destinations experienced a decline.
Price for Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (CIF) - 2024
In May 2024, the average import price for fresh or chilled chicory, other than witloof chicory amounted to $2,496 per ton, with an increase of 14% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 40% m-o-m. The import price peaked at $3,350 per ton in August 2023; however, from September 2023 to May 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,279 per ton), while the price for Mexico stood at $2,439 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Italy (+2.6%).
Exports of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States
In 2022, the amount of fresh or chilled chicory, other than witloof chicory exported from the United States totaled 4.4K tons, rising by 4.2% against 2021. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fresh or chilled chicory, other than witloof chicory reached $12M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 62% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 4.8 | 3.5 | 5.0 | 5.1 | 2.0% |
Japan | 1.7 | 1.1 | 2.8 | 4.1 | 34.1% |
South Korea | 0.2 | 1.7 | 2.9 | 2.2 | 122.4% |
Mexico | 0.9 | 0.9 | 0.9 | 0.3 | -30.7% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 7.7 | 7.2 | 11.7 | 11.9 | 15.6% |
Top Export Markets for Fresh or Chilled Chicory, Other than Witloof Chicory from the United States in 2022:
- Canada (2049.7 tons)
- Japan (1587.2 tons)
- South Korea (588.8 tons)
- Mexico (162.4 tons)
Imports of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States
In 2022, the amount of fresh or chilled chicory, other than witloof chicory imported into the United States surged to 4.8K tons, jumping by 60% on the previous year. Overall, imports saw a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fresh or chilled chicory, other than witloof chicory skyrocketed to $7.1M in 2022. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fresh or Chilled Chicory, Other than Witloof Chicory in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 4.8 | 2.7 | 3.4 | 6.5 | 10.6% |
Netherlands | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
Canada | 0.1 | N/A | N/A | 0.1 | 0.0% |
Others | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
Total | 5.4 | 3.0 | 3.8 | 7.1 | 9.6% |
Top Suppliers of Fresh or Chilled Chicory, Other than Witloof Chicory to the United States in 2022:
- Mexico (4.6K tons)
- Canada (0.1K tons)
- Netherlands (0.1K tons)
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