Price for Fresh or Chilled Witloff Chicory in Japan - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Japan (CIF) - 2023
- Imports of Fresh or Chilled Witloff Chicory in Japan
Price for Fresh or Chilled Witloff Chicory in Japan (CIF) - 2023
In July 2023, the average import price for fresh or chilled witloff chicory amounted to $4,698 per ton, reducing by -1.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 35% against the previous month. As a result, import price reached the peak level of $6,366 per ton. From April 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($8,013 per ton), while the price for the United States ($3,362 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fresh or Chilled Witloff Chicory in Japan
Fresh or chilled witloff chicory imports into Japan dropped to 482 tons in 2022, approximately equating 2021 figures. In general, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, imports reached the peak of 482 tons, leveling off in the following year.
In value terms, fresh or chilled witloff chicory imports skyrocketed to $2.3M in 2022. Overall, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 73%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Fresh or Chilled Witloff Chicory in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 499 | 482 | 1,228 | 1,139 | 31.7% |
| Netherlands | 510 | 315 | 239 | 612 | 6.3% |
| Belgium | 638 | 304 | 259 | 465 | -10.0% |
| Mexico | 2.8 | N/A | 168 | 82.5 | 208.9% |
| Others | N/A | N/A | 9.6 | 9.1 | -5.2% |
| Total | 1,650 | 1,102 | 1,903 | 2,308 | 11.8% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Japan in 2022:
- United States (339.1 tons)
- Netherlands (61.2 tons)
- Belgium (57.7 tons)
- Mexico (23.1 tons)
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