Spain - Chicory - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChicory Price in Spain Plummets 22%, Averaging $3,379 per Ton
Spain Chicory Import Price in October 2022
In October 2022, the chicory price amounted to $3,379 per ton (CIF, Spain), shrinking by -22.2% against the previous month. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in September 2022 an increase of 335% month-to-month. Over the period under review, average import prices attained the peak figure at $17,269 per ton in January 2022; however, from February 2022 to October 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($4,316 per ton), while the price for India stood at $993 per ton.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spain Chicory Imports
In October 2022, approximately 96 tons of chicory were imported into Spain; increasing by 84% compared with the previous month's figure. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in February 2022 with an increase of 732% against the previous month. As a result, imports attained the peak of 158 tons. From March 2022 to October 2022, the growth of imports remained at a lower figure.
In value terms, chicory imports skyrocketed to $324K (IndexBox estimates) in October 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 with an increase of 163% against the previous month. Over the period under review, imports reached the maximum at 328 tons in January 2022; afterwards, it flattened through to October 2022.
Spain Chicory Imports by Country
In October 2022, Hungary (69 tons) constituted the largest supplier of chicory to Spain, with a 72% share of total imports. Moreover, chicory imports from Hungary exceeded the figures recorded by the second-largest supplier, India (27 tons), threefold. From January 2022 to October 2022, the average monthly growth rate of volume from Hungary totaled +20.3%.
In value terms, Hungary ($297K) constituted the largest supplier of chicory to Spain, comprising 92% of total imports. The second position in the ranking was held by India ($27K), with an 8.3% share of total imports. From January 2022 to October 2022, the average monthly rate of growth in terms of value from Hungary was relatively modest.
Factors Affecting Chicory Prices
Chicory is a plant that is native to Europe and Asia. The roots of the plant are roasted and ground, and the resulting powder is used as a coffee substitute or coffee enhancer. Chicory can also be found in some prepared breakfast cereals and baking recipes.
The price of chicory in Spain varies depending on the time of year and the region where it is purchased. Factors that can affect chicory prices include global demand, weather conditions, crop yields, production cost and transportation costs.
Supply and demand are the main drivers of price fluctuations for any commodity, and chicory is no exception. Weather conditions can also impact the price of chicory. For example, if there is a drought in Spain that affects the Chicory crop yield, then prices will rise due to the reduced supply. Lastly, production costs play a role in determining the final price of chicory. If farmers incur higher costs to grow and harvest the crop, then they will need to sell it at a higher price to make a profit.
This report provides an in-depth analysis of the chicory market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 459 - Chicory roots
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
