HS Code:
Chicory, classified under HS Code 121294 (Chicory roots) and related codes, is a plant primarily cultivated for its roots, which are used as a coffee substitute, inulin source for dietary fiber, and in animal feed. The leaves are also consumed as a vegetable in some regions. Global trade in chicory is driven by demand for natural food additives, health-conscious consumer trends, and its use in the beverage industry. Europe dominates both production and consumption, while emerging markets in Asia and North America are showing increased interest due to health benefits associated with inulin.
Total Trade Volume
Approximately $200 million USD
Data from 2022
Source
International Trade Centre (ITC) Trade Map and UN Comtrade Database
$60 million USD
30% of global trade of total trade
Increasing
$45 million USD
22.5% of global trade of total trade
Stable
$35 million USD
17.5% of global trade of total trade
Increasing
$20 million USD
10% of global trade of total trade
Increasing
$15 million USD
7.5% of global trade of total trade
Stable
Average Rate
5.2% ad valorem
Highest Rate
12% (applied by certain developing countries to protect local agriculture)
Lowest Rate
0% (under EU internal trade and specific free trade agreements)
Rising demand for natural and organic coffee substitutes
Increased export opportunities for chicory-producing countries, especially in health-focused markets like the US and EU
2021-2023
Growing use of inulin in functional foods
Higher demand for chicory root extracts in food and beverage industries, driving trade value growth
2020-2022
Climate change impacting production
Erratic weather patterns in key producing regions like Europe have led to supply fluctuations, affecting global prices
2019-2023
The European Union introduced stricter organic certification rules for chicory products, requiring detailed traceability from farm to market.
January 2023
Smaller exporters may face compliance challenges, while larger producers gain competitive advantage
The Indian government launched incentives for chicory farmers to boost exports, targeting markets in the Middle East and Southeast Asia.
March 2022
Increased global supply from India, potentially lowering prices in key markets
The United States temporarily waived tariffs on chicory imports from the EU as part of broader trade negotiations.
July 2023
Enhanced market access for EU exporters, likely increasing trade volume to the US