Price for Fresh or Chilled Witloff Chicory in Latvia - 2023
Contents:
- Price for Fresh or Chilled Witloff Chicory in Latvia (CIF) - 2022
- Price for Fresh or Chilled Witloff Chicory in Latvia (FOB) - 2022
- Imports of Fresh or Chilled Witloff Chicory in Latvia
- Exports of Fresh or Chilled Witloff Chicory in Latvia
Price for Fresh or Chilled Witloff Chicory in Latvia (CIF) - 2022
In 2022, the average import price for fresh or chilled witloff chicory amounted to $5,429 per ton, increasing by 13% against the previous year. Overall, the import price posted a notable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 57%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($8,000 per ton), while the price for Germany stood at $4,400 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fresh or Chilled Witloff Chicory in Latvia (FOB) - 2022
The average export price for fresh or chilled witloff chicory stood at $4,400 per ton in 2022, declining by -11.5% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 decreased by -22.1% against 2018 indices. The growth pace was the most rapid in 2017 an increase of 37%. The export price peaked at $5,645 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Lithuania.
From 2012 to 2022, the rate of growth in terms of prices for Lithuania amounted to +6.5% per year.
Imports of Fresh or Chilled Witloff Chicory in Latvia
For the third year in a row, Latvia recorded decline in overseas purchases of fresh or chilled witloff chicory, which decreased by -84.4% to 7 kg in 2022. In general, imports showed a dramatic setback. The smallest decline of -40.7% was in 2020.
In value terms, fresh or chilled witloff chicory imports contracted markedly to $38 in 2022. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -47.2% was in 2020.
| Import of Fresh or Chilled Witloff Chicory in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Lithuania | 2.9 | 1.4 | N/A | N/A | -51.7% |
| Italy | N/A | 0.6 | N/A | N/A | 0% |
| Netherlands | 6.9 | 3.2 | 0.2 | N/A | -83.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.8 | 5.2 | 0.2 | N/A | -85.7% |
Top Suppliers of Fresh or Chilled Witloff Chicory to Latvia in 2022:
- Germany (5.0 kg)
- Netherlands (2.0 kg)
Exports of Fresh or Chilled Witloff Chicory in Latvia
In 2022, overseas shipments of fresh or chilled witloff chicory decreased by -87.2% to 5 kg, falling for the second year in a row after two years of growth. In general, exports saw a sharp downturn. The growth pace was the most rapid in 2020 when exports increased by 40%. As a result, the exports reached the peak of 627 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fresh or chilled witloff chicory exports plummeted to $22 in 2022. Overall, exports showed a dramatic curtailment. The growth pace was the most rapid in 2020 with an increase of 38%. As a result, the exports reached the peak of $3.3K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Fresh or Chilled Witloff Chicory in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 2.4 | 1.5 | 0.2 | N/A | -71.1% |
| Lithuania | N/A | 1.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.4 | 3.3 | 0.2 | N/A | -71.1% |
Top Export Markets for Fresh or Chilled Witloff Chicory from Latvia in 2022:
- Lithuania (5.0 kg)
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