Price for Fresh or Chilled Witloff Chicory in the United States - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in the United States (CIF) - 2023
- Price for Fresh or Chilled Witloff Chicory in the United States (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in the United States
- Exports of Fresh or Chilled Witloff Chicory in the United States
Price for Fresh or Chilled Witloff Chicory in the United States (CIF) - 2023
The average import price for fresh or chilled witloff chicory stood at $3,924 per ton in August 2023, surging by 15% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.0%. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 16% against the previous month. Over the period under review, average import prices hit record highs in August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Spain ($6,929 per ton), while the price for Guatemala ($3,757 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Witloff Chicory in the United States (FOB) - 2022
In 2022, the average export price for fresh or chilled witloff chicory amounted to $5,376 per ton, picking up by 147% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +11.8% per year.
Imports of Fresh or Chilled Witloff Chicory in the United States
Fresh or chilled witloff chicory imports into the United States skyrocketed to 1.7K tons in 2022, surging by 18% on the previous year. Over the period under review, imports, however, showed a noticeable reduction.
In value terms, fresh or chilled witloff chicory imports surged to $6M in 2022. Overall, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fresh or Chilled Witloff Chicory in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.5 | 2.1 | 2.8 | 2.8 | -7.2% |
| Netherlands | 0.8 | 0.3 | 0.6 | 1.6 | 26.0% |
| Guatemala | 0.9 | 0.9 | 0.8 | 1.1 | 6.9% |
| Spain | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 5.5 | 3.5 | 4.3 | 6.0 | 2.9% |
Top Suppliers of Fresh or Chilled Witloff Chicory to the United States in 2022:
- Belgium (940.6 tons)
- Netherlands (335.3 tons)
- Guatemala (323.0 tons)
- Spain (79.3 tons)
Exports of Fresh or Chilled Witloff Chicory in the United States
For the third year in a row, the United States recorded decline in overseas shipments of fresh or chilled witloff chicory, which decreased by -85.4% to 50 tons in 2022. Over the period under review, exports showed a dramatic descent. The smallest decline of -0.2% was in 2020.
In value terms, fresh or chilled witloff chicory exports dropped remarkably to $271K in 2022. Overall, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2020 when exports increased by 0.6% against the previous year. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Fresh or Chilled Witloff Chicory in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 190 | 208 | 197 | 271 | 12.6% |
| Japan | 1,024 | 1,035 | 527 | N/A | -28.3% |
| Others | 46.0 | 24.2 | 30.0 | N/A | -19.2% |
| Total | 1,260 | 1,267 | 753 | 271 | -40.1% |
Top Export Markets for Fresh or Chilled Witloff Chicory from the United States in 2022:
- Canada (50.4 tons)
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