Price for Fresh or Chilled Witloff Chicory in New Zealand - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in New Zealand (FOB) - 2022
- Exports of Fresh or Chilled Witloff Chicory in New Zealand
Price for Fresh or Chilled Witloff Chicory in New Zealand (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $6,419 per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the maximum at $6,741 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($7,436 per ton) and New Caledonia ($6,393 per ton), while the average price for exports to French Polynesia ($6,111 per ton) and Japan ($6,191 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Fresh or Chilled Witloff Chicory in New Zealand
Fresh or chilled witloff chicory exports from New Zealand surged to 12 tons in 2022, jumping by 79% on the previous year's figure. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fresh or chilled witloff chicory exports surged to $78K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fresh or Chilled Witloff Chicory in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 49.5 | 49.4 | 28.2 | 36.9 | -9.3% |
| Japan | N/A | N/A | 1.5 | 22.4 | 1393.3% |
| Taiwan (Chinese) | 0.5 | 1.4 | 2.0 | 15.0 | 210.7% |
| New Caledonia | 10.0 | 9.8 | 9.1 | 1.5 | -46.9% |
| Thailand | 2.4 | 0.5 | 1.6 | N/A | -18.4% |
| Others | 2.0 | 0.7 | 1.0 | 2.6 | 9.1% |
| Total | 64.3 | 61.8 | 43.3 | 78.4 | 6.8% |
Top Export Markets for Fresh or Chilled Witloff Chicory from New Zealand in 2022:
- French Polynesia (6.0 tons)
- Japan (3.6 tons)
- Taiwan (Chinese) (2.0 tons)
- New Caledonia (0.2 tons)
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