Report Update Nov 1, 2024

Portugal - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Chicory Market 2024

Chicory Market Size in Portugal

The Portuguese chicory market declined dramatically to $X in 2021, waning by -37.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a deep downturn. Chicory consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chicory Exports

Exports from Portugal

In 2021, after five years of growth, there was significant decline in shipments abroad of chicory, when their volume decreased by -45% to X kg. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 150% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, chicory exports contracted significantly to $X in 2021. Over the period under review, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 85%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X kg) was the main destination for chicory exports from Portugal, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +5.2%.

In value terms, Spain ($X) also remains the key foreign market for chicory exports from Portugal.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2021, the average chicory export price amounted to $X per ton, leveling off at the previous year. Overall, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -5.3% per year.

Chicory Imports

Imports into Portugal

In 2021, the amount of chicory imported into Portugal declined sharply to X tons, reducing by -41.8% against 2020. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2017 when imports increased by 188%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, chicory imports fell markedly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 193%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of chicory to Portugal, accounting for a approx. 99% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from India amounted to -1.5%.

In value terms, India ($X) constituted the largest supplier of chicory to Portugal.

From 2012 to 2021, the average annual rate of growth in terms of value from India was relatively modest.

Import Prices by Country

In 2021, the average chicory import price amounted to $X per ton, picking up by 20% against the previous year. In general, the import price, however, recorded a abrupt contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +0.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

Belgium constituted the country with the largest volume of chicory consumption, comprising approx. 66% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands, sixfold. The third position in this ranking was occupied by France, with an 8.4% share.

What are the largest producers of chicory in the world?

The country with the largest volume of chicory production was Belgium, comprising approx. 67% of total volume. Moreover, chicory production in Belgium exceeded the figures recorded by the second-largest producer, the Netherlands, sixfold. France ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of chicory to Portugal?

In value terms, India constituted the largest supplier of chicory to Portugal.

What are the leading importers of chicory from Portugal?

In value terms, Spain $72) remains the key foreign market for chicory exports from Portugal.

What is the average export price for chicory in Portugal?

In 2020, the average chicory export price amounted to $3,586 per ton, shrinking by -8.1% against the previous year.

What is the average import price for chicory in Portugal?

In 2020, the average chicory import price amounted to $527 per ton, surging by 4.5% against the previous year.

This report provides an in-depth analysis of the chicory market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023