Price for Fresh or Chilled Witloff Chicory in Russia - 2022

Contents:

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

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

The average import price for fresh or chilled witloff chicory stood at $1,439 per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 71% against the previous year. Over the period under review, average import prices hit record highs at $2,285 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Turkey ($1,990 per ton), while the price for Belarus ($1,176 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2021, the average export price for fresh or chilled witloff chicory amounted to $6,087 per ton, increasing by 71% against the previous year. In general, the export price posted a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($21,000 per ton), while the average price for exports to Kazakhstan totaled $3,850 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+487.4%).

Imports of Fresh or Chilled Witloff Chicory in Russia

In 2022, after three years of growth, there was significant decline in purchases abroad of fresh or chilled witloff chicory, when their volume decreased by -38.6% to 244 tons. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 337% against the previous year. As a result, imports reached the peak of 398 tons, and then fell sharply in the following year.

In value terms, fresh or chilled witloff chicory imports fell sharply to $352K in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 305% against the previous year. As a result, imports attained the peak of $564K, and then contracted markedly in the following year.

Import of Fresh or Chilled Witloff Chicory in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SerbiaN/A5.1451155451.3%
North MacedoniaN/AN/A26.3148462.7%
Belarus18.75.953.332.520.2%
Turkey33.110833.216.8-20.2%
MoroccoN/A20.4N/AN/A0%
OthersN/A0.4N/AN/A0%
Total51.913956435289.3%

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

  1. North Macedonia (116.1 tons)
  2. Serbia (92.2 tons)
  3. Belarus (27.7 tons)
  4. Turkey (8.5 tons)

Exports of Fresh or Chilled Witloff Chicory in Russia

Fresh or chilled witloff chicory exports from Russia shrank rapidly to 23 kg in 2021, with a decrease of -84.6% compared with the previous year's figure. In general, exports recorded a sharp descent.

In value terms, fresh or chilled witloff chicory exports shrank remarkably to $140 in 2021. Overall, exports showed a sharp decline.

Export of Fresh or Chilled Witloff Chicory in Russia (USD)
COUNTRY20202021CAGR,
2020-2021
Kazakhstan38677.0-80.1%
Ukraine14363.0-55.9%
OthersN/AN/A0%
Total529140-73.5%

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

  1. Kazakhstan (20.0 kg)
  2. Ukraine (3.0 kg)

Source: IndexBox Market Intelligence Platform

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