Report Update Nov 1, 2024

U.S. - Chicory - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Chicory Market 2024

Chicory Market Size in the U.S.

The U.S. chicory market surged to $X in 2021, with an increase of 33% against the previous year. Overall, consumption continues to indicate a significant expansion. Chicory consumption peaked in 2021 and is expected to retain growth in the near future.

Chicory Production in the U.S.

In value terms, chicory production totaled $X in 2021. In general, production showed a noticeable decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Chicory Exports

Exports from the U.S.

In 2021, exports of chicory from the United States surged to X tons, picking up by 144% on the year before. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 260%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chicory exports soared to $X in 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons), Canada (X tons) and Germany (X tons) were the main destinations of chicory exports from the United States, together accounting for 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +65.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chicory exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), with a combined 93% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +48.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chicory export price amounted to $X per ton, growing by 72% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+103.9%), while the prices for the other major destinations experienced a decline.

Chicory Imports

Imports into the U.S.

In 2021, the amount of chicory imported into the United States surged to X tons, increasing by 41% compared with the year before. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2013 when imports increased by 2,192%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, chicory imports skyrocketed to $X in 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,160%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Belgium (X tons) and Chile (X tons) were the main suppliers of chicory imports to the United States, together comprising 94% of total imports. These countries were followed by Bulgaria and Vietnam, which together accounted for a further 3.3%.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +5,655.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chicory suppliers to the United States were India ($X), Belgium ($X) and Chile ($X), with a combined 78% share of total imports. Vietnam and Bulgaria lagged somewhat behind, together comprising a further 15%.

Bulgaria, with a CAGR of +206.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chicory import price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chicory in the world?

The country with the largest volume of chicory consumption was Belgium, accounting for 66% of total volume. Moreover, chicory consumption in Belgium exceeded the figures recorded by the second-largest consumer, the Netherlands, sixfold. France ranked third in terms of total consumption 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 the U.S.?

In value terms, India constituted the largest supplier of chicory to the United States, comprising 56% of total imports. The second position in the ranking was occupied by Vietnam, with a 27% share of total imports.

What are the leading importers of chicory from the U.S.?

In value terms, Canada remains the key foreign market for chicory exports from the United States, comprising 70% of total exports. The second position in the ranking was occupied by China, with a 30% share of total exports.

What is the average export price for chicory in the U.S.?

The average chicory export price stood at $1,330 per ton in 2020, reducing by -5% against the previous year.

What is the average import price for chicory in the U.S.?

The average chicory import price stood at $1,203 per ton in 2020, rising by 20% against the previous year.

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

United States

Data coverage:

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