Price for Fresh or Chilled Witloff Chicory in Belarus - 2022

Contents:

  1. Price for Fresh or Chilled Witloff Chicory in Belarus (CIF) - 2022
  2. Price for Fresh or Chilled Witloff Chicory in Belarus (FOB) - 2022
  3. Imports of Fresh or Chilled Witloff Chicory in Belarus
  4. Exports of Fresh or Chilled Witloff Chicory in Belarus

Price for Fresh or Chilled Witloff Chicory in Belarus (CIF) - 2022

The average import price for fresh or chilled witloff chicory stood at $1,521 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 22%. The import price peaked at $2,228 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Poland ($2,369 per ton), while the price for Lebanon ($1,104 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fresh or Chilled Witloff Chicory in Belarus (FOB) - 2022

In 2022, the average export price for fresh or chilled witloff chicory amounted to $844 per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded mild growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 68%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to +1.3% per year.

Imports of Fresh or Chilled Witloff Chicory in Belarus

In 2022, approx. 204 tons of fresh or chilled witloff chicory were imported into Belarus; waning by -49.7% against the previous year. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 144%. As a result, imports attained the peak of 406 tons, and then fell rapidly in the following year.

In value terms, fresh or chilled witloff chicory imports fell significantly to $311K in 2022. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 102%. As a result, imports reached the peak of $512K, and then reduced markedly in the following year.

Import of Fresh or Chilled Witloff Chicory in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy21.042.522411274.7%
Poland42716755.2107-37.0%
Lebanon36.04.518190.736.1%
BulgariaN/AN/A46.9N/A0%
Others17.338.84.91.3-57.8%
Total501253512311-14.7%

Top Suppliers of Fresh or Chilled Witloff Chicory to Belarus in 2022:

  1. Lebanon (82.2 tons)
  2. Italy (76.6 tons)
  3. Poland (45.1 tons)

Exports of Fresh or Chilled Witloff Chicory in Belarus

Fresh or chilled witloff chicory exports from Belarus surged to 252 tons in 2022, picking up by 40% on 2021 figures. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,413%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fresh or chilled witloff chicory exports skyrocketed to $213K in 2022. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 2,446% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Fresh or Chilled Witloff Chicory in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia19.35.9150213122.6%
OthersN/AN/AN/AN/A0%
Total19.35.9150213122.6%

Top Export Markets for Fresh or Chilled Witloff Chicory from Belarus in 2022:

  1. Russia (251.9 tons)

Source: IndexBox Market Intelligence Platform

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Free Data: Witloff chicory (cichorium intybus var. foliosum), fresh or chilled - Belarus