Price for Fresh or Chilled Witloff Chicory in Australia - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Australia (FOB) - 2022
- Exports of Fresh or Chilled Witloff Chicory in Australia
Price for Fresh or Chilled Witloff Chicory in Australia (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $12,118 per ton in 2022, surging by 4.4% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled witloff chicory export price increased by +33.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 50% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($21,683 per ton), while the average price for exports to Vanuatu ($7,432 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 Qatar (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Witloff Chicory in Australia
In 2022, overseas shipments of fresh or chilled witloff chicory were finally on the rise to reach 2.4 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp reduction.
In value terms, fresh or chilled witloff chicory exports amounted to $29K in 2022. Overall, exports, however, saw a sharp contraction.
| Export of Fresh or Chilled Witloff Chicory in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 35.4 | 15.1 | 17.2 | 16.1 | -23.1% |
| Indonesia | 18.9 | 5.3 | 5.8 | 5.4 | -34.1% |
| Philippines | 5.9 | 3.7 | 3.6 | 5.3 | -3.5% |
| Qatar | 0.2 | N/A | 0.5 | 1.3 | 86.6% |
| Vanuatu | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Nauru | 1.3 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | 2.9 | N/A | N/A | 0% |
| Others | 1.3 | 0.5 | 0.2 | 0.2 | -46.4% |
| Total | 63.0 | 27.5 | 27.3 | 28.6 | -23.1% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Australia in 2022:
- Thailand (1228.0 kg)
- Indonesia (524.0 kg)
- Philippines (488.0 kg)
- Qatar (60.0 kg)
- Vanuatu (37.0 kg)
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