Serbia: Chicory Market 2020

Chicory Market Size in Serbia

The revenue of the chicory market in Serbia amounted to $X in 2018, going up by X% against the previous year. In general, chicory consumption continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Serbia chicory consumption peaked in 2018 and is likely to see steady growth in the near future.

Chicory Production in Serbia

In value terms, chicory production stood at $X in 2018 estimated in export prices. In general, chicory production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Serbia chicory production peaked in 2018 and is expected to retain its growth in the immediate term.

In 2018, the average chicory yield in Serbia totaled X ton per ha, jumping by X% against the previous year. Overall, the chicory yield continues to indicate a prominent increase. The growth pace was the most rapid in 2013 when yield increased by X% year-to-year. The global chicory yield peaked in 2018 and is likely to see steady growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the total area harvested in terms of chicory production in Serbia totaled X ha, declining by -X% against the previous year. In general, the chicory harvested area continues to indicate an abrupt descent. The global chicory harvested area peaked at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Chicory Exports

Exports from Serbia

In 2018, the chicory exports from Serbia stood at X kg, picking up by X% against the previous year. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% y-o-y. Over the period under review, chicory exports attained their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, chicory exports amounted to $X in 2018. Over the period under review, chicory exports continue to indicate a skyrocketing increase. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, chicory exports attained their maximum in 2018 and are expected to retain its growth in the near future.

Exports by Country

In 2018, France (X tons), distantly followed by Sudan (X tons) and Belgium (X tons) were the major exporters of chicory, together comprising X% of total exports. The following exporters - China (X tons), the U.S. (X tons), Myanmar (X tons), Germany (X tons), India (X tons), the Netherlands (X tons) and the UK (X tons) - together made up X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the largest chicory supplier from Serbia, comprising X% of global exports. The second position in the ranking was occupied by Sudan ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in France stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sudan (+X% per year) and China (+X% per year).

Export Prices by Country

The chicory export price in Serbia stood at $X per ton in 2018, going up by X% against the previous year. In general, the chicory export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Serbia export price peaked in 2018 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Chicory Imports

Imports into Serbia

In 2018, the amount of chicory imported into Serbia amounted to X kg, coming down by -X% against the previous year. Overall, chicory imports continue to indicate a precipitous deduction. The most prominent rate of growth was recorded in 2008 when imports decreased by -X% year-to-year. Serbia imports peaked at X kg in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, chicory imports amounted to $X in 2018. Overall, chicory imports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2010 with a decrease of -X% year-to-year. Serbia imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

Yemen (X tons), Russia (X tons), Switzerland (X tons), Germany (X tons), Portugal (X tons), the Netherlands (X tons), Italy (X tons) and Denmark (X tons) represented roughly X% of total imports of chicory in 2018.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Denmark, while the other leaders experienced more modest paces of growth.

In value terms, Yemen ($X), Switzerland ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2018, with a combined X% share of total imports. These countries were followed by the Netherlands, Germany, Italy, Denmark, Portugal and Serbia, which together accounted for a further X terms of the main importing countries, Germany recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The chicory import price in Serbia stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the chicory import price continues to indicate a deep descent. Over the period under review, the import prices for chicory reached their peak figure at $X per ton in 2007; however, from 2008 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Yemen, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform