Price for Fresh or Chilled Witloff Chicory in Malaysia - 2021
Contents:
- Price for Fresh or Chilled Witloff Chicory in Malaysia (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Malaysia (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Malaysia
- Exports of Fresh or Chilled Witloff Chicory in Malaysia
Price for Fresh or Chilled Witloff Chicory in Malaysia (CIF) - 2022
The average import price for fresh or chilled witloff chicory stood at $5,012 per ton in 2022, which is down by -2.1% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 import price decreased by -15.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35% against the previous year. As a result, import price attained the peak level of $5,948 per ton. From 2020 to 2022, the average import prices remained at a 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 the Netherlands ($30,140 per ton), while the price for China ($3,399 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fresh or Chilled Witloff Chicory in Malaysia (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $2,271 per ton, reducing by -9.4% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +95.8% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 66%. Over the period under review, the average export prices hit record highs at $2,506 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,101 per ton), while the average price for exports to Singapore stood at $1,701 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%).
Imports of Fresh or Chilled Witloff Chicory in Malaysia
In 2022, the amount of fresh or chilled witloff chicory imported into Malaysia shrank remarkably to 4.1 tons, waning by -25% against the previous year. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2021 when imports increased by 100% against the previous year. As a result, imports reached the peak of 5.5 tons, and then dropped markedly in the following year.
In value terms, fresh or chilled witloff chicory imports shrank remarkably to $21K in 2022. Overall, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 114%. As a result, imports attained the peak of $28K, and then contracted dramatically in the following year.
| Import of Fresh or Chilled Witloff Chicory in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 8.3 | 20.5 | 13.3 | 35.9% |
| Netherlands | 5.2 | 2.2 | 5.9 | 3.2 | -14.9% |
| Others | 5.9 | 2.7 | 1.8 | 4.2 | -10.7% |
| Total | 16.5 | 13.2 | 28.2 | 20.7 | 7.9% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Malaysia in 2022:
- China (3.9 tons)
- Netherlands (0.1 tons)
Exports of Fresh or Chilled Witloff Chicory in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled witloff chicory, when their volume decreased by -8.3% to 1.8 tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 79%.
In value terms, fresh or chilled witloff chicory exports reduced remarkably to $4.1K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 104%.
| Export of Fresh or Chilled Witloff Chicory in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.1 | 1.9 | 2.5 | 2.2 | 26.0% |
| Singapore | 0.4 | 1.3 | 2.3 | 1.8 | 65.1% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 1.6 | 3.2 | 4.9 | 4.1 | 36.8% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Malaysia in 2022:
- Singapore (1074.0 kg)
- Germany (701.0 kg)
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